Quote:
Originally Posted by p911dad
The WSJ had an article today on this. Basically, CA gets a lot of crude by ship from Saudi. That type of crude is used in the remaining CA refineries, and it is basically too difficult to build new refineries because of the permitting process. CA is subject to mid-east price shocks while the rest of the US now has lots of domestic oil as a price buffer.
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That is correct.
The west coast has cut themselves off from the rest of the country. No pipelines and they don't want any. Refinery reliance on heavy crude that we produce very little. Different gasoline standards so facilities outside Cali can't ship finished product.
They got what they wanted. High energy costs to force transition to green energy. And they will pay dearly for years to come.