California is refining as much oil as ever -- well, at least back to 1982 -- but getting more of that oil to refine from Saudi Arabia.
And the state is doing everything it can to keep Saudi Arabia rich. LOL.
- the state can't ban drilling federal land off-shore
- but it can ban the infrastructure needed to get oil to the coast
- so, what will the drillers do? off-shore tankers -- this is not rocket science -- and with risk of earthquakes and geologic shifts, it makes a lot more sense to use off-shore tankers, and not pipelines
- the state uses as much oil today as it did in 1982
- 1982: most of California's oil come from state resources
- 2017: 31% from state resources
- 2017: 57% from overseas
- biggest foreign source: Saudi Arabia, followed by Ecuador and Columbia
- California refiners obviously optimized for heavy oil
- California's CO2 emissions -- FWIW -- have risen at an annual rate of 1.5%
What a great country.
And then my brother-in-law wonders why gasoline is so expensive in California. From oilprice:
- WCS: $34 / bbl -- optimum oil for California, from Canada's western oil sands
- ANS: $75 / bbl
- OPEC basket: $74
- California's Buena Vista: $74
- California's Midway-Sunset: $70
- Saudi Arabia, Arab Heavy: $74
And don't even get me started on California regulations.
State tax on gasoline? California ranks #7. North Dakota, #35; Texas, #43.
The writing is on the wall: if California wants to do more to lower its annual CO2 emissions -- FWIW -- the state is going to have to do a lot more to discourage Hollywood rich and elite driving those Humvees.