The USA is now a net exporter of crude oil, with crude oil exports exceeding imports. This oil boom is beneficial to 49 states, but not to California. The American shale boom has important security implications as well, as America is now less dependent on crude oil from the turbulent Middle East, again, except for California.
. . . The stateâ€™s daily need to support its 145 airports (inclusive of 33 military, 10 major, and more than 100 general aviation) is 13 million gallons a day of aviation fuels. In addition, for the 35 million registered vehicles of which 90 percent are NOT EVâ€™s are consuming DAILY: 10 million gallons a day of diesel and 42 million gallons a day of gasoline.
Additionally, the crude oil is needed in California to support the other â€śstuffâ€ť of chemicals and by-products from crude oil that are the basis of 6,000 products from petroleum that are part of every infrastructure and virtually everything in our daily and leisurely lifestyles.
With both Californiaâ€™s in-state production and imports from Alaska on a steady decline, California now relies on nine major foreign countries for the majority of its crude oil. Shockingly, California increased crude oil imports from foreign countries from 5% in 1992 to 56% in 2017.View Article