Oil

NEW -> Contingent Buyer Assistance Program
Oil pipeline companies are one of the most consistently profitable sectors of the energy economy. Once you build the pipeline, it's like an annuity that just keeps paying for decades on end. Fluctuations in the price of oil are not a huge factor because they sign long term pricing agreements.

I have family in the MidWest that own fracking and refining operations. I'll ask if they think it's feasible.
 
I mentioned the short term solution of taxes/fees but then you'll be blaming the poor condition of the roads on Newsom.

LIke I said... read.
 
irvinehomeowner said:
I mentioned the short term solution of taxes/fees but then you'll be blaming the poor condition of the roads on Newsom.

LIke I said... read.
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Too late, that’s already well known to be the truth🤦🏽‍♂️👎🏽😡😡 and the dbags aren’t gonna do It anyway
reason.org

California drivers pay nation's highest gas taxes for roads and bridges in poor condition - Reason Foundation

In addition to the 18.4 cents a gallon federal fuel tax, California’s drivers pay 51.1 cents per gallon in state gas taxes, plus state and local sales taxes.
reason.org reason.org
www.yahoo.com

California bill to suspend gas tax fails despite rising prices

(The Center Square) – A bill to suspend California’s gas tax for one year failed in committee at the Capitol. State Sen.
www.yahoo.com www.yahoo.com
 
Drill baby, Drill!!!..its gonna happen…whether you like it or not…👍🏽😂😂😂😂🇺🇸

The Left Coast Is Pumping Again As Trump Unleashes Tens of Thousands of Barrels of Offshore Oil a Day

Sable Offshore officially commenced oil sales through the Santa Ynez Pipeline System Sunday, marking the first time the network has moved crude oil since a major spill idled operations over a decade ago…

The company announced oil began flowing on March 29, with the pipeline successfully filled from Las Flores Canyon to Pentland Station at a rate exceeding 50,000 barrels per day. That is roughly 66,000 full tanks of gas.

Once again, this proves that our reliance on foreign oil is a problem largely of our own making — or at least, the Democrats’ making — and we should be tapping our own resources and not relying on countries that are unstable or that hate us.

The Left Coast Is Pumping Again As Trump Unleashes Tens of Thousands of Barrels of Offshore Oil a Day – RedState

 

👍 What the Sable Offshore project does help with​

  • It could produce about 50,000 barrels/day (ABC 10)
  • That’s roughly a ~15% increase in California’s in-state oil production (Rigzone)
  • It can replace some imported oil, which slightly improves local supply stability
👉 So yes—more local supply is directionally helpful

👎 Why it won’t move gas prices much​

1. It’s small relative to total demand​

  • The U.S. uses ~20 million barrels/day (TT News)
  • California alone consumes far more than 50k/day
👉 This is often described as a “drop in the bucket” for global oil markets (TT News)

2. Oil is priced globally​

Even if California produces more oil:

  • Prices are still tied to global oil markets
  • Events like wars or OPEC decisions matter far more
👉 Local production doesn’t fully isolate California from global prices

3. It’s crude oil—not directly gasoline​

  • The 50k barrels are crude oil, which still needs refining
  • California’s refining bottlenecks remain unchanged

4. Experts say price impact is minimal​

  • Analysts say projects like this have “marginal” or no noticeable impact on pump prices (New York Post)

✅ Bottom line (neutral framing)​

  • Yes: Sable Offshore adds supply and helps at the margins
  • But: It’s too small relative to total demand and global markets to significantly lower gas prices
  • Big drivers still are: global oil prices, refining capacity, and California’s market structure
💡 Simple way to explain it:

It’s like adding one more lane to a massive traffic system—it helps a bit locally, but it doesn’t fix congestion across the whole network.
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Again, missing the point…forget the Micro additive to supply…it opens up the market for offshore and onshore drilling in this state…Commitment to opening up our fracking and drilling fields in this state would have a meaningful impact in the future…you gotta start somewhere…now is as good a time as any…😂😂😂👍🏽🇺🇸
 
morekaos said:
Again, missing the point…forget the Micro additive to supply…it opens up the market for offshore and onshore drilling in this state…Commitment to opening up our fracking and drilling fields in this state would have a meaningful impact in the future…you gotta start somewhere…now is as good a time as any…😂😂😂👍🏽🇺🇸
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You mean just like EVs? So much irony and hypocrisy and you don't even see it.
 
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