California for ran off Cheveron and Phillips 66, now wants to have state run refineries.

California GDP is so significantly high is Silicon Valley

And they're starting the slow transition towards moving to Austin

They're seeing a mass exodus of people from the state and cost of living is unbearable if you don't come from wealth

It's a U.S. state so it will always be a higher gdp than any (non tax haven) euro country but it's not exactly moving in a positive direction recently and seems to be moving into more aggressive actions ensuring lessened growth and loss of industry

They have created a 250 billion dollar black hole vis a vis the fires

They're successful because they have beautiful weather and are a hub to Asia. Their policies didn't make Facebook and Apple the companies they became

California is known as a "gasoline island" lacking the kind of multistate logistics network through most of the continental U.S. that can help alleviate supply shocks. No pipelines exist to feed gasoline in from other states. Ocean shipments from the refinery-rich gulf states are restricted by an antiquated federal law known as the Jones Act. Gasoline imports add up to only 8% of California supply. The other 92% is nearly all produced at home.

I LoL'd as soon as I saw the Jones Act mentioned. It's one of the most brilliantly put together r-slurred legislation of all time

Last week as the US reported a record 2m barrels a day in crude oil exports, refineries located up the highway from Washington on the east coast imported about 900,000 b/d, mainly from Africa. A big reason is the Jones Act, a 97-year-old US law that requires all ships starting and ending their voyages on US coasts to be American-flagged, built and crewed.

But that doesn't mean Cuckfornia is any less r-slurred

California retail gasoline prices are consistently among the highest in the country and regularly exceed the U.S. average price by more than $1 per gallon. While multiple factors contribute to higher retail gasoline prices in California, including higher crude oil costs and higher refining costs on the West Coast, the region has also historically maintained lower inventory levels relative to the rest of the country.

How any of these issues (Jones Act, shift to renewables and price volatility from low inventory because of reservoir capacity) could be overcome by the state taking over is beyond me. @C333 coukd you ping neolibs again

This but unironically. Tariffs on imported oil will make US refining products less competitive.

Its like the r-slurred drill baby drill shit, no one is going to invest extra capital in US production or transport when the next POTUS will reverse course on it. Tariffs will delay capital expenditures on oil production as they reduce returns.