Chevron Tells PRC They Might Be Leaving

I’m so hoping that Chevron will tell the People’s Republik Of California they will no longer sell their production in the state, especially to the state government

Chevron threatening to leave California

Chevron said it is threatening to close its oil refineries in California due to overregulation, which the oil company said is contributing to price spikes amid the war in Iran.

Due to California’s taxes, emissions rules and other regulations, which hit gas costs harder than in many other states, the price per gallon is well over the national average.

Tehran’s decision to effectively shut off the Strait of Hormuz has left millions of barrels of crude oil stationary, hurting economies in Asian countries, which heavily rely on oil from the Middle East.

In turn, Chevron, which imports fuel from China, South Korea and Singapore, is facing the brunt of the blockade. Amid the energy crisis, Beijing has banned fuel exports.

Andy Walz, who heads Chevron’s oil refining efforts, said leaders in California should be worried about the possibility of a fuel deficit in the Golden State.

First, why do we need to import fuel? America can produce more than enough. S. Korea does a pretty good business export. As for China, they import crude and export refined. So, apparently, rather than allowing production in California, which has lots of reserves, and refining it, because they’re worried about climate doom, the PRC imports it from those three countries and it comes on fossil fueled ships across the Pacific.

The Chevron executive said California has decided to “rely on imports,” which is playing a “dangerous game” when it comes to the fuel market.

Walz has urged California Gov. Gavin Newsom (D) and other officials to consider boosting in-state oil production and reevaluating its proposed incentives for companies that utilize renewable energy.

Even if Newsom wanted to do something, no way that the far left PRC state assembly allows it.

Chevron, which has operated in California for more than 140 years, says others are likely to follow suit.

“California refineries supply a broad range of transportation fuels, including aviation fuels that are critical to commercial and military operations, and they operate near major ports, military installations, and strategic hubs serving the Pacific region,” Chevron wrote in a letter to Newsom earlier this month.

And they well might. And, if they leave, do they sell in the PRC at all?