California wants to own its own refinery! What would Ellis Wyatt think?
California policymakers are considering state ownership of one or more oil refineries to ensure a reliable supply of gasoline as the number of refineries in the state declines.
An oil industry trade group questions whether the state would have the expertise to effectively run a refinery, citing a lack of “understanding of the industry and how it works.”
Russia. China. Venezuela. Iran. More than a dozen countries make gasoline at state-owned refineries.
Could California be next on the list?
An oil industry trade group questions whether the state would have the expertise to effectively run a refinery, citing a lack of “understanding of the industry and how it works.”
Russia. China. Venezuela. Iran. More than a dozen countries make gasoline at state-owned refineries.
Could California be next on the list?
F- HA HA Act!
Speaking of wildfires, an oil/gas refineries strikes me dino as a great place to start another stupid California policy maker fire.
The article cited two reasons for gasoline consumption in the state declining. Reason #3 was left out: people leaving the state, especially the kind needed to run a refinery.
At least the state can sue itself if anything goes wrong.
Construction cost will be over $100 billion and they'll expect the fedgov to cover their losses like TBTF banks.
How could 45 million fast food customers be wrong?
A gulch maybe.
Funny how what goes around comes around...
I BEG everyone to zoom into a picture of a refinery as I did. And just look at the various pipes going around. Just IMAGINE the CA Government DEI Hires trying to figure out where ONE of those pipes go, over and over again.
Could they do it? Certainly NOT profitably. And probably not in my life time!
Now, here's a GENIUS idea. Stop ATTACKING the owners of the existing refineries, and help them DECIDE to stay in CA.
But that's kinda like making sure there is water in the fire hydrant BEFORE the fire. The SIZE of that MISTAKE is not completely apparent until the fire strikes.
The Refineries leaving is the telltale sign you waited too long, because those that were leaving, probably put off maintenance for the last 10yrs, milking every last dollar out of their soon to be lost investment.
INSANITY. If only CA could get cars to run on hot air... Then their politicians could actually become useful!
As Ayn Rand so aptly summarized in Atlas Shrugged:
"But you expect industrial giants — who plan in terms of decades, invest in terms of generations and undertake ninety-nine-year contracts — to continue to function and produce, not knowing what random caprice in the skull of what random official will descend upon them at what moment to demolish the whole of their effort.
With the sign of the dollar as our symbol — the sign of free trade and free minds — we will move to reclaim this country once more from the impotent savages who never discovered its nature, its meaning, its splendor."