Latest / Turley Talks / Ep. 3697 Gavin Newsom PANICS after Chevron LEAVES California!!!

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Ep. 3697 Gavin Newsom PANICS after Chevron LEAVES California!!! · Turley Talks

• 0:00
  [SPEAKER_00]: The liberal globalist order is on its brink and awakening a new conservative age.
• 0:06
  [SPEAKER_00]: Dr. Steve Turley, join me every day as we discover answers to today's toughest challenges and explore the revitalization of conservative civilization.
• 0:18
  [SPEAKER_00]: This is Turley Talks.
• 0:21
  [SPEAKER_00]: Gavin Newsom's Green Crusade is officially backfired, as has his entire political career.
• 0:27
  [SPEAKER_00]: It's not just residents by the millions who were fleeing his failed state.
• 0:33
  [SPEAKER_00]: In less than two weeks, something is going to happen in California that'll send shockways throughout the entire American economy.
• 0:41
  [SPEAKER_00]: It's not an earthquake.
• 0:43
  [SPEAKER_00]: It's not a wildfire.
• 0:45
  [SPEAKER_00]: It's a completely self-inflicted disaster that one of the world's largest companies saw coming a mile away.
• 0:52
  [SPEAKER_00]: They warned their reckless governor, they warned their equally incompetent legislature, and when nobody listened, one of the world's largest companies
• 1:01
  [SPEAKER_00]: packed up and left California for good.
• 1:05
  [SPEAKER_00]: Stick me to the very end of this video because we're about to see a tale of two economies, a burgeoning flourishing red state economy that's leading the way to national renewal and a dying decaying blue state economy that's slowly but surely crumbling in the dust.
• 1:24
  [SPEAKER_00]: Chevron, one of the world's largest multinational energy corporations, with a market capitalization of approximately $300 billion, it ranks among the top five oil and gas companies globally alongside Exxon Mobile and Saudi Aramco and Shell and BP, founded in San Francisco in 1879, the company's
• 1:52
  [SPEAKER_00]: Just months ago, Chevron announced they were moving their headquarters to Houston, Texas, a move that had many asking why.
• 2:01
  [SPEAKER_00]: Why leave the golden state that's been your home for over 140 years?
• 2:07
  [SPEAKER_00]: Their CEO, Mike Worth, was blunt.
• 2:10
  [SPEAKER_00]: It's because California sucks.
• 2:14
  [SPEAKER_00]: Gavin Newsom's California is a disaster.
• 2:17
  [SPEAKER_00]: It's simply too tough a place to do business.
• 2:21
  [SPEAKER_00]: The taxes, the regulations, they're utterly out of control.
• 2:25
  [SPEAKER_00]: Estonishingly, things are so bad, they can't even pay their six figure engineers enough to make them want to live there anymore.
• 2:34
  [SPEAKER_00]: And it's not just Chevron.
• 2:36
  [SPEAKER_00]: Valero, which supplies the substantial portion of California's fuel, they've announced that they, too, are leaving the state.
• 2:44
  [SPEAKER_00]: They plan on closing.
• 2:45
  [SPEAKER_00]: They're Benisha refinery by April of 2026, which economists say, well, have a stunning impact on the state's gas supply.
• 2:54
  [SPEAKER_00]: If you thought prices were high in California now, just wait until the summer of next year.
• 2:59
  [SPEAKER_00]: The city of Benisha alone is losing 20% of their entire budget, and the state is so freaked out about the skyrocketing gas prices that they offered to help subsidize the company to offset the high cost of doing business, but of narrow executives they were like
• 3:16
  [SPEAKER_00]: forget you, they were not interested in the least in going into business with the environmental wackos in Sacramento.
• 3:23
  [SPEAKER_00]: In fact, they're willing to take a $1 billion loss just to get out of California by April.
• 3:31
  [SPEAKER_00]: The company will not comply with Gavin Newsom's environmental and green energy mandates and instead is willing to lose a billion dollars to leave.
• 3:40
  [SPEAKER_00]: Hundreds of workers will lose in their jobs.
• 3:42
  [SPEAKER_00]: Gas prices are poised to surge and all because of a grease monkey governor.
• 3:47
  [SPEAKER_00]: whose incompetence appears to know no bounds.
• 3:49
  [SPEAKER_00]: Oh, and as if things couldn't possibly get worse, Philip 66 just dropped a bomb.
• 3:55
  [SPEAKER_00]: They're shutting down their massive Los Angeles refinery by the end of this month, December.
• 4:00
  [SPEAKER_00]: That's 139,000 barrels of fuel per day gone.
• 4:07
  [SPEAKER_00]: Poof.
• 4:09
  [SPEAKER_00]: In less than one year,
• 4:11
  [SPEAKER_00]: California is losing nearly 20% of its ability to make gasoline, and you just can't replace that.
• 4:20
  [SPEAKER_00]: You can't flip a switch before California is doing something so incredibly stupid it's almost hard to believe.
• 4:28
  [SPEAKER_00]: Under Gavin News, California's enacted a stringent regime of energy policies then includes the cap-and-trade program which requires refineries to purchase expensive carbon emissions allowances, significantly raising production costs, the state enforces a unique special gasoline blend mandate to
• 4:49
  [SPEAKER_00]: supposedly reduced pollution, which isolates California from the national fuel markets since few outside refineries can even produce it, leading to higher prices and vulnerability to supply shocks.
• 5:02
  [SPEAKER_00]: Additionally, Newsom recently signed legislation empowering the state to cap refinery profit margins
• 5:09
  [SPEAKER_00]: and impose penalties for excessive earnings.
• 5:12
  [SPEAKER_00]: Yes, you heard that right, excessive earnings.
• 5:15
  [SPEAKER_00]: And that's obviously discouraged investment in industry growth.
• 5:20
  [SPEAKER_00]: And to make matters worse, California is an isolated energy island.
• 5:26
  [SPEAKER_00]: There are zero pipelines connecting California to the refineries in Texas, or Louisiana.
• 5:32
  [SPEAKER_00]: Now that said, it's not entirely gruesome news from fault.
• 5:38
  [SPEAKER_00]: The Jones Act is a U.S. federal maritime law that requires all goods transported by water between American ports to be carried on ships that are American built, American owned, and American crude.
• 5:51
  [SPEAKER_00]: So it's basically a national security law.
• 5:54
  [SPEAKER_00]: It restricts foreign vessels.
• 5:56
  [SPEAKER_00]: from participating in domestic maritime commerce, which is why California can't easily import gasoline from Texas refineries by ship.
• 6:06
  [SPEAKER_00]: They're just, they're simply aren't enough American flag vessels available to move fuel between US ports and not just by comparison.
• 6:14
  [SPEAKER_00]: China currently has 1800 ocean-going commercial ships under construction as compared to the United States five.
• 6:26
  [SPEAKER_00]: Yes, we are that far behind.
• 6:28
  [SPEAKER_00]: Thank you, sleepy Joe.
• 6:31
  [SPEAKER_00]: Now, the extraordinary irony in all of this is that when these refineries close, where do you think the gas comes from?
• 6:39
  [SPEAKER_00]: Where do you think California is gonna be forced to get its fuel?
• 6:43
  [SPEAKER_00]: The answer to that is so shockingly hypocritical.
• 6:48
  [SPEAKER_00]: It's a wonder that anyone, even the most hard and deranged left-wing ideologue doesn't call it out for the insanity that it is.
• 6:56
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• 7:21
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• 8:02
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• 8:20
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• 8:25
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• 8:29
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• 8:34
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• 8:37
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• 8:44
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• 8:49
  [SPEAKER_00]: So where is California going to get its fuel from?
• 8:53
  [SPEAKER_00]: Can you say Saudi Arabia?
• 8:57
  [SPEAKER_00]: Can you say South Korea?
• 9:00
  [SPEAKER_00]: Kim, you say, India, yeah, that's right.
• 9:03
  [SPEAKER_00]: The state that claims to be saving the planet is now forcing tankers to burn massive amounts of heavy fuel oil to ship gasoline halfway across the world.
• 9:16
  [SPEAKER_00]: I've got no choice.
• 9:17
  [SPEAKER_00]: Oh, and did I mention it takes four weeks for those ships to arrive?
• 9:22
  [SPEAKER_00]: Imagine there's a storm or a war or a refinery fire in India.
• 9:30
  [SPEAKER_00]: University of California Economists are already predicting gas prices are going to hit devastating new highs by next summer.
• 9:39
  [SPEAKER_00]: Some models show $8.43 a gallon, imagine filling up your tank for $160.
• 9:46
  [SPEAKER_00]: Now imagine you're a trucker or a delivery driver or a farmer.
• 9:53
  [SPEAKER_00]: This isn't just expensive.
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  [SPEAKER_00]: This is economic suicide.
• 9:58
  [SPEAKER_00]: And if you live in Phoenix or Las Vegas, you might be thinking, well, I'm glad I'm not in California.
• 10:07
  [SPEAKER_00]: This ain't California's problem alone.
• 10:10
  [SPEAKER_00]: It's your problem.
• 10:11
  [SPEAKER_00]: California refinery supply 88% of Nevada's gas and 33% of Arizona's.
• 10:18
  [SPEAKER_00]: When California sneezes, Arizona and Nevada, catch pneumonia.
• 10:23
  [SPEAKER_00]: Governors from both states, Republican and Democrat, have been begging Gavin News and to stop this madness, this taxation regulatory madness, all to no avail.
• 10:35
  [SPEAKER_00]: What were witnessing here?
• 10:37
  [SPEAKER_00]: is something far more profound than energy mismanagement.
• 10:41
  [SPEAKER_00]: We're witnessing the emergence of two economies in our nation, a vibrant, economically flourishing red state economy and a stagnant contracting blue state economy.
• 10:55
  [SPEAKER_00]: It's no coincidence that Chevron is leaving California, for Texas.
• 11:00
  [SPEAKER_00]: Red states are growing by leaps and bounds.
• 11:03
  [SPEAKER_00]: There's been a 30-year shift where GOP controlled states have consistently outperform Democrat strongholds in all kinds of key metrics.
• 11:13
  [SPEAKER_00]: I mean, first and foremost, we're seeing what many are calling.
• 11:16
  [SPEAKER_00]: The great left UG migration, right?
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  [SPEAKER_00]: Between 2023 and 2024 alone, California lost nearly a quarter of a million residents.
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  [SPEAKER_00]: New York lost over 129,000.
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  [SPEAKER_00]: Illinois lost over 56,000.
• 11:32
  [SPEAKER_00]: By contrast, red states like Texas Florida, Tennessee, South Carolina, they're gaining residents by the hundreds of thousands in the same time period.
• 11:43
  [SPEAKER_00]: And again, it's not just resonance.
• 11:45
  [SPEAKER_00]: In 2024, Texas was the number one destination for corporate headquarters all the while California lost the most.
• 11:55
  [SPEAKER_00]: In terms of economic performance, red states like South Dakota, North Dakota, Alabama.
• 12:00
  [SPEAKER_00]: They have consistently the lowest rates of unemployment all the while blue states in general have higher unemployment rates, but that insult to injury, it's California.
• 12:10
  [SPEAKER_00]: that has the single highest state unemployment rate in the entire nation at nearly 6%.
• 12:17
  [SPEAKER_00]: In terms of GDP, the Southeast region driven primarily by Florida and Georgia, Tennessee, North Carolina, they've reached $6.5 trillion in economic output.
• 12:30
  [SPEAKER_00]: Now surpassing the Northeast, historically America's economic engine led by New York City,
• 12:40
  [SPEAKER_00]: Low cost of living, low tax rates, corporate deregulation, safe streets and neighborhoods they've all led to a historic economic boom for red states, all the while high cost of living, confiscatory taxes, out of control regulation, skyrocketing crime, of cause blue states to implode.
• 13:03
  [SPEAKER_00]: Democratic governors in states like California, New York have raised taxes by billions, particularly during the great recession and the COVID-19 pandemic.
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  [SPEAKER_00]: Republican leaders enacted historic tax cuts and deregulation, fueling economic booms in the southeast and taxes.
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  [SPEAKER_00]: Chevron didn't leave California because they hate the beach.
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  [SPEAKER_00]: They left because there are business and businesses hate uncertainty.
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  [SPEAKER_00]: They looked at the regulations.
• 13:35
  [SPEAKER_00]: They looked at the hostility and they said, we're out of here.
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  [SPEAKER_00]: They were the canary in the coal mine.
• 13:42
  [SPEAKER_00]: The canary just died.
• 13:44
  [SPEAKER_00]: Governor Newsom and the rest of California are stuck in the cave with little way out.
• 13:50
  [SPEAKER_00]: He, of course, is scrambling.
• 13:51
  [SPEAKER_00]: He's trying to protect whatever left of his political future by talking about price caps and gouging penalties in the like, but you can't legislate, supply out of thin air.
• 14:03
  [SPEAKER_00]: The refineries are closing.
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  [SPEAKER_00]: The ships are weeks away, and the prices are climbing.
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  [SPEAKER_00]: California's fledgling Democrats wanted a future without oil companies.
• 14:16
  [SPEAKER_00]: Well, congratulations.
• 14:19
  [SPEAKER_00]: You got it.
• 14:21
  [SPEAKER_00]: Now good luck paying for it.