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| No, not like Bill Clinton  |
Valero just paid a $1.1 billion breakup fee to leave California. When a company is willing to absorb a billion-dollar write-down just to exit a market, that’s not a routine business decision. It’s a signal that the operating environment no longer works. Valero is shutting down its Benicia refinery by April 2026 rather than continue operating under California’s current regulatory and economic framework. That facility processes roughly 145,000 barrels per day, about 8.6% of California’s gasoline supply. Around 400 jobs are lost. Local tax revenue takes a direct hit. With Phillips 66 also exiting, nearly 10% of California’s in-state refining capacity is coming offline in a short window. The analysts are already modeling the consequences. Economists at University of California, Davis estimate a $1.20 per gallon increase by summer 2026. Translation: your usual 15 gallon fill up goes from $70 to $95+. Fun. Stanford Energy also warns that removing this much capacity materially increases the risk of severe supply disruptions and extreme price spikes. Here’s the core issue: We are taking essential energy infrastructure offline while demand is still growing. AI data centers, electrification, and industrial reshoring are increasing energy intensity, not reducing it. The idea that demand is about to disappear is a fantasy. When supply is forced offline in a high-demand system, the outcome is not transition. It is volatility. And consumers ultimately pay the difference. https://x.com/nettermike/statu...ack&utm_medium=email | ||
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Member |
Newsham will mandate 100% solar powered cars. Problem solved. "So let it be written, so let it be done."  _________________________________________________________________________ “A man’s treatment of a dog is no indication of the man’s nature, but his treatment of a cat is. It is the crucial test. None but the humane treat a cat well.” -- Mark Twain, 1902 | |||
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| Left-Handed, NOT Left-Winged! |
Atlas is Shrugging at California. It's right out of the damn book. | |||
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| Conservative in Nor Cal constantly swimming up stream  |
This isn’t new news. It’s been happening for a while. Newsome has been pushing the refiners out of the state for years. We also have micro gas brews for different areas of the state so they can’t just make generic gas. They have to make specific mixes. The average price I see in my area is $5+. Alas I switched to a EV 3 years ago and I don’t have to gas up. Not because of saving the planet but it fits my retiree lifestyle. Now the dems are trying to impose a mileage tax on all cars in California. It never stops with these democrats… ----------------------------------- Get your guns b4 the Dems take them away Sig P-229 Sig P-220 Combat | |||
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Member |
A guy making a “living wage” at McD will need to buy a $40k Tesla to commute. And then charge at higher nighttime rates. Wonder how this is going to work out. "Wrong does not cease to be wrong because the majority share in it." L.Tolstoy "A government is just a body of people, usually, notably, ungoverned." Shepherd Book | |||
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| Thank you Very little  |
Inevitable, once you convert a goodly portion of your vehicle fleet in CA from gas to alternatives the tax money for "road maintenance" dry's up, EV's do use roads, so it's only fair they pay. But in CA they'll make ICE and EVs et al pay road mile fees. If you get rid of your cars and ride a bike, you'll end up with a bike lane fee The only way to avoid it is to escape. | |||
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| Dances With Tornados |
Who else is screwed? Arizona has no refinery. They get most of their fuel from California, some from New Mexico. Who else gets screwed? The people of Nevada. “ Nevada imports approximately 86% to 88% of its gasoline, diesel, and jet fuel from California refineries, primarily serving the Las Vegas market via the Calnev pipeline (Kinder Morgan). The state relies on this limited supply chain to meet its transportation fuel needs, making it vulnerable to price hikes and shortages caused by California's environmental policies, including refinery closures. Chevron Chevron +4 Key details regarding Nevada's fuel supply: Primary Source (California): The vast majority of fuel comes from Southern California refineries, which send product through the 550-mile Calnev pipeline that originates in Colton, California, and terminates in Las Vegas. Secondary Sources: Smaller amounts of fuel are supplied by refineries in Salt Lake City, Utah, and El Paso, Texas, particularly for northern and rural parts of the state. Critical Infrastructure: The Calnev pipeline provides roughly 90% of the fuel consumed in Las Vegas. Future Risks: With major California refineries closing or reducing capacity to meet net-zero carbon emission goals, Nevada is facing increased risks of fuel supply, leading the state to form a fuel resiliency committee to explore alternative supply routes. The Nevada Independent The Nevada Independent” Who else gets screwed. All of us. The military, for example, needs fuel. California, our west coast, has a lot of military facilities. Eventually we’re all lewdly screwed and tattooed. . | |||
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| When you fall, I will be there to catch you -With love, the floor |
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Member |
Paying $1.1 billion to get out of the Democratic People's Republic of Kalifornia? Isn't taking hostages and demanding a ransom illegal? I guess the "teeth" in this corporate shakedown must be their gas stations in the DPRK, obviously the revenue is worth it, but it would be excellent if Valero closed all of their stations there as well, and simply said adios. . | |||
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| Member |
I drove across southern Utah and southern NV last Friday. At a podunk town, hundreds of miles from Vegas, we paid $2.89. When I filled up Saturday in Sacramento, I paid $4.14. I'm predicting $5.50 t0 $7 by June 1st. P229 | |||
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| Thank you Very little |
Seems to me that fuel supply is in the national interest and thus the refining of said fuel is as well in that interest. Surprised that we allow states to have any say on how existing refineries are operated. Why not federalize the land, give the companies a 1000 year lease and tell CA to pound sand.... This would include all aspects of refinery processes from intake to distribution. | |||
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| Member |
I've watched a couple of YT videos on the subject including Valero operators and O&G groups. I believe Valero is the sole provider of JetA to Travis AFB nearby. With its closure, where does Travis get it's fuel? India? In that same video they mentioned the Feds may take action to keep the refineries open, but not sure how that protects them the crappy CA business environment (cap and trade, high operating costs, power costs, endless regulation). I think NV and AZ will have to scramble to expand refining capacity, which will take a decade. P229 | |||
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| I have not yet begun to procrastinate |
*Article from The Nevada Globe* As California drives businesses out with red tape and mandates, Nevada has positioned itself as a refuge for companies looking for sanity, stability, and respect for free enterprise. Lower taxes, a lighter regulatory touch, and a government that actually wants employers have made Nevada a natural landing spot. From logistics and manufacturing to tech and energy services, companies fleeing California are finding that Nevada offers what Sacramento no longer can: certainty. This contrast could not be sharper. California’s leadership believes it can bully industry into submission. Nevada understands that prosperity comes from partnership, not punishment. One state lectures, mandates, and micromanages. The other welcomes investment and growth. Valero’s billion-dollar exit should be a five-alarm fire for California Democrats, but don’t expect a course correction. Newsom and his allies remain committed to doubling down, even as refineries close, prices climb, and jobs vanish. Ideology comes first. Reality comes later. - - - By all means, go to Nevada! (So what if they don’t have any water) Better there than AZ…we have had enough influx of California folks. Better yet, go to TX. They know how to do energy. The pipelines that feed fuel to AZ from TX are running at capacity. AZ Governor Talking Turnip is too stupid to invest in expanding any money on that. It might lead to taking $$ from her illegal constituents. LINK -------- After the game, the King and the pawn go into the same box. | |||
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| Conservative in Nor Cal constantly swimming up stream |
EV’s don’t get off scotch free. We pay an additional $150 electric vehicle fee at registration time. Granted I have no idea how many gallons of gasoline tax it equals. California government just sucks… ----------------------------------- Get your guns b4 the Dems take them away Sig P-229 Sig P-220 Combat | |||
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Baroque Bloke |
Has the SCOTUS ever ruled on the legality of exit taxes? If not, I hope that they agree to do so. Serious about crackers. | |||
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| Thank you Very little |
I'm surprised there isn't a KW charge per kwH added to your electric bill equal to a gallon of fuel added in requiring EV owners who charge at home to have a separate meter for their cars. | |||
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| Conservative in Nor Cal constantly swimming up stream |
Me too. My personal situation is that we already had the solar panels installed on the roof and a couple of Tesla batteries installed before I bought my Mustang Mach E. My cousin had a couple of Chevy Volts and set up the charging infrastructure. With my current retired situation, I do very little driving and charge up about once a month. The battery is usually still about 60% but I charge it back up to 90% anyway. It’s not good for the battery to charge 100% and let it sit for extended periods. I haven’t posted a pic in a while so here you go…  ----------------------------------- Get your guns b4 the Dems take them away Sig P-229 Sig P-220 Combat | |||
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אַרְיֵה |
Question about your picture -- doesn't California require front license plate? הרחפת שלי מלאה בצלופחים | |||
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| Conservative in Nor Cal constantly swimming up stream |
Yes… I’m living on the wild side and it’s just a fix it ticket if they decide to write me up for it. About 80% of the Tesla don’t have front plates out here. ----------------------------------- Get your guns b4 the Dems take them away Sig P-229 Sig P-220 Combat | |||
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Member |
Commifornia is about ready to drop the hammer on drivers. They have a bill that will tax ICE vehicle drivers 6-9 cents per mile. But wait there is more. They are doing a "test market" study with EV drivers. They are going to charge EV drivers 35 cents per mile as they do not contribute to road maintenance via no gasoline purchase and not gas tax. People are up in arms that know about it so the 6-9 cent tax may not get through. Once they tax EV drivers and it is coming, everyone will be fooked. “Our actions may be impeded... But there can be no impeding our intentions or our dispositions. Because we can accommodate and adapt. The mind adapts and converts to its own purposes the obstacle to our acting. The impeding to action advances action. What stands in the way becomes the way.” ― Marcus Aurelius | |||
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