Phillips 66 – California Globe

US Senate Votes to Overturn Governor Newsom’s 2035 Ban on the Sale of Internal Combustion Engine Vehicles

May 23, 2025 12:34 pmMay 23, 2025 12:34 pm

Recognizing the potential national, state and regional economic consequences of California’s 2035 ban on the sale of new internal combustion vehicles and stricter emissions standards, President Trump, House Speaker Michael Johnson, and Senate Majority Leader John Thune have responded to...

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

April 28, 2025 9:00 amApril 30, 2025 2:52 pm

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...