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Started By
Message
re: Valero paid a $1.1 billion breakup fee to leave California
Posted on 2/10/26 at 9:12 am to Major Dutch Schaefer
Posted on 2/10/26 at 9:12 am to Major Dutch Schaefer
Imagine the real estate cost of a seaside Valero station.
Then add the permitting costs and costs to meet regulations to put underground fuel tanks there.
For the Pacific Palisades neighborhood that burned, California demanded double containment around each septic system, and every house required its own septic.
Then add the permitting costs and costs to meet regulations to put underground fuel tanks there.
For the Pacific Palisades neighborhood that burned, California demanded double containment around each septic system, and every house required its own septic.
This post was edited on 2/10/26 at 9:20 am
0
Posted on 2/10/26 at 9:35 am to SirWinston
quote:
Im worried they wouldn't be doing this if they didnt think a recession was imminent
yes! record markets at new highs is always the sign of a looming recession!
if it cost a nickle to schit you'd have to throw up kid.
Posted on 2/10/26 at 9:51 am to Major Dutch Schaefer
They paid to leave, that is telling.
Posted on 2/10/26 at 10:09 am to oldskule
Europe also killed their future. Look at Germany
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Posted on 2/10/26 at 10:22 am to SirWinston
quote:
Im worried they wouldn't be doing this if they didnt think a recession was imminent
A company would basically spend 1.1 billion to exit a state, expending a ton of capital in doing so, when they forcasted a recession? Yea. No.
They are giving an example of "many times you gotta spend some money to make money". They are dropping asinine costly regulation and punishing taxes for more friendly locales.
The people of CA wanted the resulting even higher fuel prices and less tax revenue they will have to make up. They should be smiling big.
Posted on 2/10/26 at 10:24 am to SirWinston
quote:
Im worried
Well it is a day ending in day.
Posted on 2/10/26 at 10:33 am to OU Guy
quote:
All because Gavin Newsom stood motionless as this stupidly written bill, from a fringe union and a handful of socialist academics with an axe to grind
These are the same people who complain about rent being raised when a tax or fee is assessed on a landlord.
"But wait, that was supposed to be paid by the rich guy, not passed along to the consumer".
Dumbasses. I hope every single gas company pulls out and California roads are just fully electric. That would be the utopia they have been working towards.
Posted on 2/10/26 at 10:39 am to SirWinston
quote:
Im worried they wouldn't be doing this if they didnt think a recession was imminent
You serious? Clown
Posted on 2/10/26 at 10:53 am to Major Dutch Schaefer
And 50% (or close to) will vote for Newscum in 28.
Democrats are very stupid.
Democrats are very stupid.
Posted on 2/10/26 at 2:57 pm to OU Guy
quote:
Europe also killed their future.
A French refinery is expanding.
Posted on 2/10/26 at 2:59 pm to OU Guy
BASF has been moving ops to the US for a decade now little by little
Posted on 2/10/26 at 3:01 pm to HubbaBubba
quote:
Is that an image of an actual service station built into the cliff side California coast? That property view is probably worth half that payment.
The owner will have a new sign or stay with Valero. Just because a gas station has a certain sign doesn't mean that is who they buy fuel from. It does mean the fuel there has the Valero additives in it.
Posted on 2/10/26 at 3:09 pm to dickkellog
quote:
record markets at new highs is always the sign of a looming recession!
I have no idea if a recession is coming, but the DOW did reach an all-time high in 1929 before we crashed into the Great Depression, and in 2007 before the ‘08 crash.
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