California's economy significantly depends on fossil fuels, which account for about 8% of its $3 trillion GDP. Essential services and infrastructure, such as transportation and construction, are powered by oil. However, California’s energy policies are leading to the closure of refineries, reducing the state to just nine major gasoline-producing facilities. It struggles with importing oil due to policies that restrict local extraction, despite having large reserves in the Monterey Shale. The state lacks major pipelines and relies on foreign shipping, which contributes to environmental pollution.
Fossil fuels account for roughly 8% of California's $3 trillion economy - but that's the first 8%. If you don't get that first 8%, you don't get the rest of our economy.
Our state has lost more than 30 refineries in the last few decades. We are now down to just nine major gasoline-producing facilities, and two more are scheduled to close.
California sits atop one of the largest untapped reserves in the world, the Monterey Shale. But because of policy and regulation, we import most of our oil.
We have no major pipelines bringing oil to California. We rely on ships that take 30 to 40 days to deliver fuel, polluting at staggering rates.
Collection
[
|
...
]