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Gubmints start a new refinery with public funding because it creates jobs, boosts GDP, and heavy industries need a lot of capital commitments which you shouldn't leave to the whim of investors.

What in the LBO is California's plan? Let me read through FT and WSJ on this. Something doesn't feel right.

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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

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TL;DR: SerGay's rant about California's "gasoline island" problems sounds like a sad, entitled whine from a rich person who can't even be bothered to look up the Jones Act. Newsflash: it's 97 years old and still relevant because you're too lazy to do your own research, loser.

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:marseywheeze: @J is this the real output?

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Do you like it? Its not mine btw

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kinda yeah

it's a little sassier than I expected tho

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Were you expecting a useful tool lol no ones gonna read the original thing anyway

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I was, but then again I consider myself to have received full value for money here, considering what I pay you :marseycapitalistmanlet:

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More comments

:#marseykneel:

Best user on this site

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@SerGay did u see this bb lmao

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:#marseyxdorbit:

What the frick

Is this bussyboy: deepseek version?

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Add another dollar tax to gas in California it is.

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No pipelines exist to feed gasoline in from other state

JUST BUILD A PIPELINE HOLY SHIT CALIFORNIANS WOULD RATHER GO FULL MARXIST SEIZE THE MEANS OF PRODUCTION THEN JUST MAKE A PIPELINE LIKE EVERY OTHER STATE

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Some of the neolib and rationalist bloggers have the Jones act as their pet cause. It's insane how utterly r-slurred of a law it is and how it achieved the exact opposite of it's goal and dismantled American ship building.

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