Cheveron abandoning California, moving to Texas

[alarmguy]

I believe it's more like 11.5%, but I am not so sure a lot of people = powerful economy automatically; otherwise, India, China, Indonesia, etc. would have even way higher GDPs.

CA is part of the USA and why it is part of the most powerful nation on earth in all ways like all states
Not sure of the reasoning behind your post.
You’re telling me 11% of the population lives in California, but you’re having trouble wrapping your head around how it contributes 14% to the GDP well that sounds pretty normal and to be expected to me anyway

Also, we can cherry pick numbers from 1/4 of 2023 and it sounds like where you got some of your numbers from but if you did the most populous states in the United States contribute the most.

In fact, reading the story, it looks like New York states population about half that of CA contributes more percentage wise than California or we might consider that almost dead even.

https://www.statista.com/chart/9358/us-gdp-by-state-and-region/

Either way we are a nation of 50 states not 1 state and what makes us a powerhouse

 

[tvaughn]

Not sure of the reasoning behind your post.
You’re telling me 11% of the population lives in California, but you’re having trouble wrapping your head around how it contributes 14% to the GDP well that sounds pretty normal and to be expected to me anyway

That's actually something I find quite fascinating; TX, for instance, carries close to 9% of the US population and puts a similar amount of that into the US GDP. CA is doing nearly 30% more US GDP contribution for its given population.

 

[Nessism1]

I don't quite understand that; how does it become the world's 5th largest economy and contribute to 14.2% of the US GDP if it sucks for business? Wouldn't it be the opposite if that was the case?

https://chiefexecutive.net/best-worst-states-business/

I've seen various other studies that similarly rate California the worst state in the country to do business in.

 

[4WD]

Double their property taxes too..
https://taxsharkinc.com/texas-property-tax-compared/
TX knows their "land rich".

But no income tax - so you can make big money and still buy a modest home …

 

[Snagglefoot]

So here is a pretty recent article. Seems there shipping it to California to reload on bigger ships then ship to Asia - not refine in California. Seems backwards. Maybe they can wave to the Saudi ships on the way. My guess is the California refineries aren't set up for that kind of crude? https://financialpost.com/commodities/canadian-oil-exports-asia-california-save-money

"Close to 3 million barrels have been shipped off Vancouver for China or India since the expanded Trans Mountain pipeline began operating in May, almost tripling the capacity of the sole system linking Alberta to a Canadian port. More than 55 per cent of those volumes have first journeyed south to Southern California where the crude was transfered onto very large crude carriers, or VLCCs, according to Vortexa ship tracking data."

I've been counting oil tankers. Between May 24 and June 24, 7 tankers arrived along the California coast at Long Beach, Rodeo, and San Francisco carrying a total about 4 million bbls of crude and refined product. California has been refining heavy oil for a very long time including their own heavy oil produced in the State. One interesting shipment in July was a half million bbls of jet fuel for the San Francisco airport. The Transmountain Pipeline ships heavy oil, light oil and refined products from Edmonton, Alberta to the Vancouver harbor. Approximately a half million bbs a day leaves the harbor bound for mostly California, Hawaii and various Asian countries. The increase in shipping started May 24, 2024. Any trans shipping occurring is harder to measure but I know several refineries are accepting both light and heavy crude.

 

[alarmguy]

That's actually something I find quite fascinating; TX, for instance, carries close to 9% of the US population and puts a similar amount of that into the US GDP. CA is doing nearly 30% more US GDP contribution for its given population.

Click - Post in thread 'Cheveron abandoning California, moving to Texas'
https://bobistheoilguy.com/forums/t...alifornia-moving-to-texas.385800/post-6969244

As far as Texas ummmm .. maybe we need the last two years stats on business growth?
Vs CA?

 

[tvaughn]

https://chiefexecutive.net/best-worst-states-business/

I've seen various other studies that similarly rate California the worst state in the country to do business in.

NY (NYC really) is right there, too, so I guess "worst places to do business" create some of the most powerful economies.

 

[Nessism1]

NY (NYC really) is right there, too, so I guess "worst places to do business" create some of the most powerful economies.

The main reason CA and NY "create" so much business, is because they have so many people there. The business environment, sucks, though.

 

[SC Maintenance]

There are lots of examples of highly successful regions getting too big of ego's and pushing all their businesses out.

Detroit comes to mind.

NYC is on the way - they say half of Wall Street has already moved to Florida. There still paying their contractual office lease until its done then they will formally split. Not to mention them driving Amazon's planned second campus off.

The tech industry is firmly planted in California for now, which is a lot of the GDP. A lot is also inward facing - real estate, services like Healthcare and education which can't relocate.

It takes a long time to turn a big ship, but it can turn if you try hard enough.

 

[fantastic]

But no income tax - so you can make big money and still buy a modest home …

Yeah, I know but I had to rib you a bit.
You Texans have two things going for you on that front. No Income tax & Great weather. Don't see these headlined news events showing "Chevron moves HQ to Alaska (no income tax)"

 

[4WD]

There are lots of examples of highly successful regions getting too big of ego's and pushing all their businesses out.

Detroit comes to mind.

NYC is on the way - they say half of Wall Street has already moved to Florida. There still paying their contractual office lease until its done then they will formally split. Not to mention them driving Amazon's planned second campus off.

The tech industry is firmly planted in California for now, which is a lot of the GDP. A lot is also inward facing - real estate, services like Healthcare and education which can't relocate.

It takes a long time to turn a big ship, but it can turn if you try hard enough.

Big money in farming due to great weather and soil …

 

[ArrestMeRedZ]

Yeah, I know but I had to rib you a bit.
You Texans have two things going for you on that front. No Income tax & Great weather. Don't see these headlined news events showing "Chevron moves HQ to Alaska (no income tax)"

Add to the two things. Best BBQ in the nation, hands down. I really like the people there too.

 

[hrv]

People and Companies are figuring out CA and moving away... Not really a surprise....

 

[fantastic]

Add to the two things. Best BBQ in the nation, hands down. I really like the people there too.

I did try some HEB Bourbon BBQ that was great! I don't know if it was made in TX but that's where I bought it. Took a play from Kentucky? Funny, where I'm from "Kansas City" style BBQ is huge money $$$ in sales.

Anyways, Fox news is not a stellar source for truthful info so I didn't click on the link.

 

[alarmguy]

…

Anyways, Fox news is not a stellar source for truthful info so I didn't click on the link.

Suggestions?
Otherwise if you don’t click a link how can you know your source is good?

 

[alarmguy]

NY (NYC really) is right there, too, so I guess "worst places to do business" create some of the most powerful economies.

True but in the last decade with technology advances companies no longer have to be held hostage by these cites and states which traditionally had a workforce to support them. In the past more population = greater amount of workers and talent to draw from.

It is why these big cities are on a decline and companies fleeing these states whenever possible. So the label “worst places to do business” is certainly justified it would seem as big names seek to leave them including young talent.

New York State had such a problem with young talent leaving they will now give free college if they sign a contract not to leave the state for 5 years after graduating.

For smaller companies it is much harder but one must remember this technology it still coming into its own.

Worst places can also describe the tax burden placed by the big population centers compared to other states. I mean let’s be realistic as we move into the future if the big states don’t change and modernize they will be relics of the past.

The writing is on the wall, this isn’t my opinion, it’s what is taking place right now.

 

[fantastic]

Suggestions?
Otherwise if you don’t click a link how can you know your source is good?

It displays Fox new link on first page. LOL It is a widely known corporation so how can I not know? Didn't they settle for $787.5 million for lying about "rigged" machines? They are known as a false information source on various topics to suit their narrative.

As for suggestions here is Bing search results from multiple sources across the net. That would give a wider picture of what's going on & also allow us to click a source we know is honest. Don't like Bing search try Duck Duck Go search for all I care.
https://www.bing.com/search?q=chevron+moving+to+houston&PC=U316&FORM=CHROMN

 

[alarmguy]

It displays Fox new link on first page. LOL It is a widely known corporation so how can I not know? Didn't they settle for $787.5 million for lying about "Rigged" voting machines? They are known as a false information source on various topics to suit their narrative.

As for suggestions here is Bing search results from multiple sources across the net. That would give a wider picture of what's going on & also allow us to click a source we know is honest. Don't like Bing search try Duck Duck Go search for all I care.
https://www.bing.com/search?q=chevron+moving+to+houston&PC=U316&FORM=CHROMN

So does your search show different results from the Fox story?
I’m not seeing a difference

 

[IndyFan]

I believe "abandoning" is rather inflammatory and I think meant to be. I'm just wondering why some people can't post without being rude.

Would "exodus" be too inflammatory when describing the current situation of many companies leaving CA. Or maybe "fleeing" CA?

I think if it were not such a common thing, one could make the argument that it is sensationalizing it. But what's happening is real, and Chevron is only one of many doing this, thanks to California's political and tax climate.

 

[IndyFan]

If refineries weren't so expensive and so difficult to build, I'd bet they would move them, too. It wouldn't make sense to shut down or move one unless CA made it so expensive and regulated that it was no longer financially viable.