Sunday, April 21, 2019

California, The "Greenest" State In The Union -- April 21, 2019

See this post re: price of gasoline on the west coast. At the link, see first comment. In my replyI had to do some fact checking. Here's the update, from  The Daily Caller, last summer:
More than 56 percent of the crude oil received by California refineries were extracted in foreign countries, according to California Energy Commission data.
California, once the third-largest oil state, is now more reliant than ever on foreign oil. The biggest share of California’s oil imports come from Saudi Arabia, which makes up 29 percent of foreign crude flowing into the state.
More than 70 percent of foreign oil imports to the state come from OPEC members, including Iraq, Kuwait and Ecuador.
California’s share of oil coming from foreign sources has ballooned since the late 1990s. Decades of state policies restricting drilling played a role, as did declining production in Alaska. 
Much more at the link.

The good news: now that Jerry Brown is out of office, replaced by an even more progressive governor, things in California should improve. LOL.

By the way, with all the snow and rain California received this year, California is greener than ever.

Here's an update on California CBR from oilprice earlier this year: California's CBR imports climb to near record in 2018, data points:
  • 447,063 bopd, first nine months in 2018
  • increased exports from New Mexico, Wyoming, and Canada -- California's three CBR suppliers
  • increase most marked in Canadian crude imports
    • jumped from 116,000 in 1Q18 to 275,000 in 3Q18
  • New Mexico, same time period, from 80,000 bopd to 207,000 bopd
  • and look at this: Califronia refines as much oil today as it did back in 1982 -- I thought everyone in California drove EVs now
  • back in 1982: most of California's oil came from local (California) fields
    • now, more than half comes from abroad -- 56.7% -- vs 31% local California oil in 2017
  • biggest supplier for California: Saudi Arabia (and the OPEC basket is about $10/bbl more than WTI
    • #2: Ecuador
    • #3: Colombia
From the linked article:
Despite its demand for oil, the California government seems to be dead set against any local production.
Last September, Governor Jerry Brown signed into law a bill that aimed to discourage oil companies from taking advantage from the opening up of federal lands in California to drilling by effectively banning infrastructure necessary for offshore drilling, including docks, pipelines, and other onshore installations.

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