Gonna be saying this a lot - but,
CAFO is the new FAFO
Californicate Around - Find Out
๐จโGov. Newsom is presiding over perhaps the largest collapse of the oil industry, refinery operations and gasoline production in U.S. history.โ
โLast month, PBF Energy warned that if the CARB amendments are enacted as written, they โwill inevitably drive in-state refining capacity to zero.โ
Last week, Chevronย called the amendments a โdeath knellโ for remaining facilities, forecasting gasoline prices rising more than $1 per gallon by 2030 and threatening to shutter its Richmond and El Segundo refineries.
And, while media continues to obfuscate on rising gas prices, blaming them on the Iran conflict, let us remind you that gas was already up .80 cents before the Iran warfare.โ