With the way CA limits flares & other operations, it wouldn’t surprise me in the slightest if refinery operations are significantly cheaper in TX & TN than in CA.
CA has also placed a ban on interstate oil pipelines & hasn’t granted a water permit for steam injection on the wells in years. This greatly hampers local production of crude. CA is purchasing oil from Ecuador & the Middle East mainly now.
Just thinking of the property tax savings leaving the east Bay Area to TN will be enormous.
If there’s a pipeline infrastructure in place & a less restrictive state government, I don’t think it would take a whole lot to leave CA & greatly increase profits while keeping the same product. Will that happen? Don’t know.
CA has also placed a ban on interstate oil pipelines & hasn’t granted a water permit for steam injection on the wells in years. This greatly hampers local production of crude. CA is purchasing oil from Ecuador & the Middle East mainly now.
Just thinking of the property tax savings leaving the east Bay Area to TN will be enormous.
If there’s a pipeline infrastructure in place & a less restrictive state government, I don’t think it would take a whole lot to leave CA & greatly increase profits while keeping the same product. Will that happen? Don’t know.