California is Running out of Oil Refineries, Thanks to their own Draconian laws

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California is Running out of Oil Refineries, Thanks to their own Draconian laws

What is the Purpose of the Oil Refinery?

California Lawmakers Squeezed Refineries Out, Now Scramble To Pay One Well-Known Company To Keep Theirs’ Running – dailycaller.com
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Excerpt:

After years of enforcing stringent regulations that helped force major refineries to close, California Democrats are now reportedly considering paying Valero millions to keep a San Francisco-area fuel plant afloat.

With two major refineries already scheduled to shut down and strict regulations in place, concerns about California’s already high gas prices have become a top issue for lawmakers. According to a Bloomberg report Tuesday, sources familiar with the private deliberations said lawmakers have discussed whether to pay Valero between $80 million and $200 million in state funds to keep its Benicia refinery operating.

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The Benicia plant is slated to close by April 2026. The proposed payment would be earmarked for routine maintenance, one of the largest costs for refineries, Bloomberg reported.

When asked about the report and how the state has handled the refinery closures, Democratic California Gov. Gavin Newsom’s office told the Daily Caller News Foundation it had no information to share.

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