In two weeks, the Hong Kong-flagged tanker will have fully unloaded at the Marathon Petroleum terminal and departed again for distant waters. After that, California must figure out how to replace some 200,000 barrels of oil a day that will no longer be arriving from the Persian Gulf.
Approximately 15% shortfall incoming for California's refineries, which compete for global oil, without many domestic ties.
Submission Statement: This will increase inflationary pressures since 1/3 of US imports move through the Ports of LA and Long Beach as diesel prices feed through to businesses and consumers.
Posted by Adminisnotadmin
3 Comments
Link for the global poor [here ](https://archive.is/q2aj1)
Maybe a dumb question: but doesn’t the jones act being suspended help solve this somewhat? Still will be supply pressure because less total oil but being able to ship oil from places in the US is now cheaper right? Or am I totally misunderstanding
As a side note, stuff like this is why I thought Trump would cave and get the strait opened up even sooner. Every day it’s closed now it’s just gonna get worse
What is the chance Trump tries to use this to force California to allow more drilling?
CA has heavy crude, right?