California is so desperate for gasoline — despite sitting on billions of barrels in oil reserves — that it is importing fuel via the Bahamas.
That’s because Gavin Newsom’s regulators are driving the fossil fuel industry out of the state.
Gas prices are currently skyrocketing in the Golden State, after Valeroclosed its 145,000-barrel-per-day refinery. Prices have risen nearly 40 cents per gallon over the last month.
California was already facing upward pressure on gas prices due to the closure of the Phillips 66 refinery in Los Angeles in October. That is when the state began turning to the unusual Bahamian route.
As The California Post noted last week, there is a shortage of tankers shipping fuel directly from the Gulf of America via the Panama Canal.
It ischeaper to send fuel via the Bahamas on foreign-flagged vessels, thanks to an obscure law called the Jones Act, which was written to protect American shipbuilders and drives up the cost of shipping oil domestically.
But California doesn’t need to import gasoline — in theory.
Decades ago, California produced much of its own fuel.
Now, Californiaimports the majority of its crude oil.
The state’s “green” policies claim to be reducing greenhouse gas emissions, and saving the planet from climate change, but all they really do is shift production elsewhere.
Source: California Post – Breaking California News, Photos & Videos
