Tag Archive for: Phillips 66

Phillips 66 to Close its Oil Refinery in Los Angeles, CA by end of 2025. Residual result of Newsom’s Marxist Free Market Interference

The Communist dictator of California Gavin Newsom, the poster child for China and Venezuela’s economic policies, a bottom feeding trilobite who kisses the feet of Marxist presidential candidate Kamala “Chameleon” low IQ Harris and the dictator of Communist China signed a price control oil refinery regulation initiative making energy regulators require oil refineries in California maintain a certain level of refined gasoline on hand.

Obviously this law is not required because oil companies in California do this anyway without the need for interference from the Newsom Communist ran government.

This interference in free markets, which is our republic’s bedrock of entrepreneurial spirit called capitalism and risk taking, will soon have severe consequences not only for the citizens of California but will have a significant residual effect on gas prices for the citizens of Nevada and Arizona who depend on refined gasoline from California.

Instead of lowering taxes and eliminating the incredulous regulations regarding so called green initiatives which in itself are the root cause of high gas prices in California, Gavin Newsom instead blames the oil companies for price gouging. Apparently only California suffers this so-called fake price gouging and other Democrat controlled states like New York and New Jersey.

Gavin Newsom is a massive threat to the economic strength and freedoms of all Californians including surrounding states like Nevada and Arizona while the Democrat Communists continue to say that Trump is the real threat to Democracy.

Marxist Democrats do understand the United States is actually a Constitutional Republic not a Democracy but they want to change that ideology and turn us into a third world banana republic they can control starting with energy, the driving force of our country.

Founding Father James Madison made it very clear in Federalist Paper Number 10 we are a constitutional republic but the Democrats with their Marxist indoctrination in our public schools avoid teaching this to our children so it’s up to us “We the people”

The fallout from Gavin Newsom’s interference in free market gasoline production and regulations will have consequences and as I mentioned in past missives oil companies and refineries will shut down and stop doing business in the great state of California.

Call me Nostradamus as my predictions are coming true. Not only did Chevron shut down its corporate hub in California, moving instead to Texas, as I predicted it would, but the oil company Phillips 66 announced on October 16th 2024 it will shut down its Los Angeles oil / gasoline refinery by December 31st 2025.

This notice came out a few days after Newsom signed his Marxist price control oil refinery regulation bill into law because Phillips 66 is rightfully concerned about free markets being strangled. without naming the Newson plan.

“With the long-term sustainability of our Los Angeles Refinery uncertain and affected by market dynamics, we are working with leading land development firms to evaluate the future use of our unique and strategically located properties near the Port of Los Angeles,” CEO Mark Lashier said in a statement.

Closing the oil refinery will impact the loss of 600 full time jobs and over 300 contractors including truckers that deliver l fuel to gas stations with California losing another 8% of its once free market share of refined gasoline with this closure.

Thus, this interference by the Communist Governor Newson will result in job losses and another significant rise in gasoline prices not only in California but also in Nevada and Arizona. Phillips 66 has already closed its refinery in San Francisco costing Californians another 5% of its refined gasoline capacity resulting in more gas price increases in 2023.

Governor Newson also directed the Communist ran California legislator to go after oil companies in the past politically claiming they are making too much money, which translated means free markets, the factors which create wealth and jobs are not welcome in California under this administration.

The Governor of Nevada and Arizona have written a letter of concern to Newson regarding his Marxist price controls and interference in free markets regarding his regulating of oil companies commentating in part:

“We’re concerned that mandating refinery inventory would directly raise the cost of fuel for all of our constituencies and create further economic instability in the region.”

So Governor Newsom is running California like Nicolas Maduro, the installed Communist dictator of Venezuela, a nation my family fled from 6 years ago.

If I was running an oil company in California I would call a group meeting of all oil company CEOs and recommend the total discontinuance of refining ALL gasoline and shut down ALL diesel and gas shipments to gasoline stations in California bringing the economy to a grinding halt until the current Marxist insane government has been removed from office by the voters.

Even millions of illegal immigrants living in the state in violation of congressional law are also contributing to giving California a nice 50 electoral vote count, they can now vote unmolested in California without showing an ID or proof of U.S. citizenship, surely they need gasoline right or perhaps they can ride a bike or walk to the polling station?

©2024. Geoff Ross. All rights reserved.