Phillips 66 – California Globe

California’s Oil and Gas Industry Provides $338 Billion Reasons to Support

April 28, 2025 9:00 amApril 28, 2025 10:55 am

What a difference a presidential administration makes. In “Welcome to Saudi America,” economist Stephen Moore writes, “Thanks to the fracking and horizontal drilling revolution, the U.S. has retaken the lead in global oil production. In 15 years, domestic oil production...

After Battering Oil/Gas Industry, Gavin Newsom Wants California Oil Refineries to Stay Open

April 26, 2025 2:55 amApril 28, 2025 6:22 am

In 1988, the state of California only imported about 4.5% of all the oil that we consumed in our state. By 2020 we were importing over 70%. California Democrats’ war on the oil and gas industry is working, but not...

Ringside: Can EVs Make Up for Gasoline Shortages?

April 23, 2025 4:33 pmApril 24, 2025 6:34 am

If he hasn’t done so already, California Governor Gavin Newsom needs to demand the state legislature rescind the so-called “ABX2-1” passed on October 14, 2024 in an effort to prevent “price gouging.” If the legislature does not cooperate, Newsom needs...

Valero Announces it Will Shut Down Benicia Refinery April 2026

April 16, 2025 12:39 pmApril 17, 2025 12:05 pm

California Democrats’ war on the oil and gas industry is working, but not for the people. In another blow to California’s oil and gas industry, and the state’s fuel; supply, Valero Energy Corporation announced Wednesday it will shut down its...

Ringside: California’s Refinery Capacity Stretched to the Limit

April 10, 2025 2:57 amApril 10, 2025 2:58 am

According to the California Energy Commission, in 2024 daily oil consumption in California averaged not quite 1.4 million barrels per day. Meanwhile, daily refinery capacity in California is just over 1.6 million barrels per day. There is a 16 percent buffer between how...

Brace for Impact: California Gas Prices to Increase in 2025

November 15, 2024 9:11 amNovember 15, 2024 3:31 pm

Policies have consequences. A significant increase in the retail price of gasoline that Californians will pay at the pump is expected for 2025. The projected increase could drive California’s retail gasoline prices to exceed the national average by as much...

Gavin Newsom is Attempting to Play on a Stage Well Above His Pay Grade

November 12, 2024 3:00 amNovember 12, 2024 3:01 am

On the heels of Democrats’ huge presidential loss last week, California Governor Gavin Newsom doubled down on stupid. He doubled down on arrogance, on smug bravado, on foolishness, on indiscrete loony ideas and policies. Perhaps before Newsom gets too full...