re: State of California goes into the Tire Business

They're moving their ops out of California. They can still sell their products there.

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They're moving their ops out of California. They can still sell their products there.

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They are removing operations and refineries from California. O&G are not bowing down to California and the state is being forced to reverse some plans.

Oil and gas companies are steadily reducing their California footprint, including refinery closures and the relocation of certain operations. As a result, California has already been forced to take a more pragmatic approach and reconsider or modify some policies to help maintain fuel supply and avoid significant price increases.

If tire manufacturers were to respond similarly by reducing investment or limiting their presence in the state, California would likely face additional pressure to return to the negotiating table and seek a compromise.

While California remains the most populous state, its share of the U.S. population has been gradually declining since around 2010. At the same time, Texas has continued to gain population share and is now only a few percentage points behind California. More broadly, the former Southern states account for roughly one third of the U.S. population, nearly three times California's share, giving that region increasing economic and political influence.