Left-wing cultists voted for these policies ... $12/gallon may not be far away. Hard pass on the CA leader being President.
From the article:
Valero Energy is reportedly taking a staggering $1 billion loss to shut down and exit California by April 2026 rather than comply with the ever-expanding mandates pushed by Governor Gavin Newsom and his regulatory agencies. Let that sink in. One of the largest energy companies in the country looked at Sacramento’s rules, did the math, and decided it was cheaper to walk away than play along.
Valero’s decision is a brutal indictment of California’s hostile business climate, particularly its war on reliable energy.
Fewer refineries mean tighter fuel supply, higher gas prices, and more dependence on imports. Sacramento politicians will blame “greed” or “Big Oil,” but the reality is simpler and far more inconvenient. You cannot regulate your way to prosperity, and you certainly cannot punish producers without consequences.
California just lost another giant, and this one came with a billion-dollar receipt. Valero Energy is reportedly taking a staggering $1 billion loss to
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