The California Exodus is WORSENING

Gavin Newsome freaking out that oil

refiners are bailing out of California,

including gas refineries and companies

like Chevron. Now, Gavin Newsome trying

to beg them to stay in the state as

you're getting a population exodus out

of places like Kern County, Bakersfield,

where you've got a good chunk of oil

production. Take a look at Fox's take on

it and then I'll add some data to it.

>> Fossil fuels, they hope to keep oil and

gas companies in the state.

>> What?

>> Yeah.

>> What What a surprise. By the way, like

you take these insane policies of the

California Democratic Party and oh my

gosh, what a surprise. You squeeze out

big oil. What? After you threaten to sue

them and blame them for price gouging?

Mind you, when I ran for governor in

California, the politicians in

California would rather have 1970s

aged gas technology than allow the

refineries to upgrade their technology

because unless you can upgrade to 100%

green, the answer is no. Which is insane

because it's like at least make it more

efficient. Oh no, no, no, that's not

green. We don't want that. the Bahala

these these governmental invent

interventions into the free market are

so bad they almost always fail they fail

in China they fail in California they

fail in America and so this is just

laughable at this point that Gavin

Newsome fails again

>> there's a turnaround right

>> change of heart California governor's

office they called Chevron the oil

company Chevron days before Gavin

Newsome signed into law a drill bill

that will allow for 2,000 new oil

permits a year over 10 years in

California. Newsome is working overtime

to stabilize the gas.

>> Mind you, that won't go into effect

until next year anyway. So, it's like,

"Hey, we just passed a bill that'll let

you drill more next year." Like, imagine

if Trump did that. Like, you got to give

Trump credit here cuz this is where

Trump goes, "Today we're going to sign

an executive order and we're gonna let

you drill, baby drill. Today we'll sign

the greatest permits and the most

permits ever today. And then Gavin

Newsome's version of that is we'll pass

a bill and maybe you'll get to drill

sometime next year.

>> It's a lean market after the state spent

well a quarter century driving it out of

business.

>> I think it's been a a tyranny of about

25 years of trying to get the refining

business to leave California. um they've

been putting in regulations and

bureaucracy and taxes and and programs

to push us out of the out of the state.

Um they've they've accelerated that in

recent years with a thing like a margin

t margin cap uh you know a windfall

profits tax they called it

>> of that has been paused but Chevron is

not overly optimistic about California's

recent charm offensive. Californians are

already paying $4.66 a gallon to fill

their gas tanks. Hi. That's almost a

$150 more than the national average.

There you go.

>> Yep.

>> Mostly because of taxes and how

expensive it is to truck fuel in

California because they don't want the

pipeline. So, you got to truck it

everywhere. And the fees to do business

in California are insane. So, that

difference is almost entirely government

bull crap.

>> It could get worse. When Valero and

Philips 66 close their operations in the

next few months, California's 13 oil

refineries will become 11. Back in 1983,

there were 40 foreign producers,

>> I think there were a little more than 40

actually,

>> have been filling the gap supply.

>> And keep in mind, as those refineries

have plummeted from like 40 or 43 down

to, you know, now 13 going down to 11,

our population in California has grown

57%.

So, we're going down from, you know,

we're going down 72% in refineries and

our population is going up 57%. You're

stretching us in both directions. No

wonder gas is more. It's a miracle. It's

only $1 more per gallon.

>> Buying the state with 3/4 of their oil.

So, there is hope that this new drill

bill will bring California's own Kern

County oil to market and bring energy

costs down for consumers. Governor

Nuome's office says the new law, and I

quote, mitigates against future gasoline

price spikes by stabilizing the

production of instate petroleum and

refinery supply. But look, it's going to

take more than one permitting bill and

one phone call to reverse 25 years of

>> Yeah. Somebody says, "Wait, I thought

people were fleeing California." Well,

they are. I mean, the trend California

was the golden state in the 80s. The

population blew up since the 80s. It's

been dead flat since co legit dead fat

flat. I mean, you could look at

California, California population

overtime. I'm pretty sure the St. Louis

Fred has a piece of it uh right here.

Yeah, look at that. So, you could see

this explosion from 83 25 mil all the

way up to here a peak right before COVID

39 mil. We've been flat. Five years of

flat, dude. We've never been five years

of flat, man. Never.

It's crazy. So, I mean, look at what

you've got over here. California is so,

I'm going to say it, because

it's so dumb. California is so bad at

issuing permits for drilling that while

US oil production has surged over the

past decades. California's crude output

has dropped by more than 50%.

You got to see this for a moment. I want

you to see the charts on this because

it's absolutely insane. These charts, by

the way, I put them in the Meet Kevin

app. So, uh, if you don't yet have the

Meet Kevin app, use that, go to the data

tab, uh, and then you'll actually see

the charts, uh, and you could click on

them. You could expand them. You know,

what whatever floats your boat,

basically, or pumps your oil.

That's funny, Kevin. But anyway, here

they are. The Me Kevin app. Uh, US field

production of crude oil, as you could

see, skyrocketing

uh, since a fracking boom under Obama.

Uh and then obviously you know Trump 18

expanding uh and uh then uh we get over

here we get oil production in

California. Look at that plummet.

Absolute insane crash of oil production

uh in California while nationwide we are

booming. And so what is California doing

to pick up the rest of their oil? Oh my

gosh, we are importing it from 75% of

our oil is getting imported from Alaska

and Iraq, Saudi Arabia, Brazil, and

Ecuador. What? So, we've squeezed our

own oil out of the country so badly that

we are literally importing from the

Middle East in California instead of

American oil. It's insane.

Uh, California treats oil companies like

a domestic abuser treats their partners.

They'll do anything to get you back and

then once you've returned, it won't be

long before they're beating you again.

Don't believe anything the Californians

say. It's a trap. There's a pattern

here. First, they tried to shut down the

nuclear power plants in the state until

they realized they need energy.

Yep. California may be offering an olive

branch up front, but they have the knife

ready to plunge in your back. Yep. Until

the voters throw the bums out, nothing

will change in California.

Yep. Newsome's California is like the

wife beater who says, "Honey, I'll

change. Come back." Don't believe him.

Uh yeah. Uh basically nailed it. So, uh,

then if you pop in over here about the

exodus, this is where I was referring to

the Bakersfield exodus that we're

seeing. Bakersfield among top cities

people are leaving. California continues

to experience a mass exodus. Uh,

Bakersfield lists the 19th on the top

list of 20 cities people are moving

from. And when we look at the actual

data, the actual data that we have of

where people are going, I've got the

number for you. Give me one second to

pull it here because it was a it's a

pretty big number. So, what we have is H

here we go. California lost 293,575

residents in the last year. Texas gained

85,500

over the last year. So in other words,

Texas eating California's lunch still

what five years now postco

5 years postco

and Texas is still uh taking the

positions that California or or the uh

you know the the people that California

had. So uh I guess the exodus isn't

stopping. There was there was a thought

for a period of time that maybe it would

slow down and stop, but doesn't appear

to be the case at all. Seems if anything

to continue to go on and it doesn't

surprise me that the California policies

are so crappy. Here's a piece from The

Economist that says, "Why do Democrats

seem so weak?"

>> I haven't watched it yet, but let's

watch it together. deeply unpopular. Yet

everywhere he seems to be getting his

way, sending troops into American

cities, slapping tariffs on friendly

countries, and intimidating citizens

into submission.

The president's net approval rating is

-7 percentage points. Given those dire

numbers, the opposition should be

strolling to victory in the midterm

elections in 2026. Yet, the Democratic

Party is even less popular than the

president. Even Democrats disapprove of

themselves. So why do they seem so weak?

>> The party is united by at least Trump,

>> but divided over how to fight back.

>> No leader.

>> Keep denouncing him for the threat he

poses to democracy. Do they troll him

like Gavin Newsome, the governor of

California, or focus instead on offering

a positive vision of their own? The

party knows it has an image problem. In

2024, voters saw Camela Harris as more

extreme than Donald Trump. The white

working class has defected to the

Republicans in droves, trusting them

more on crime and immigration.

And under Trump, Republicans have also

gained non-white and young voters.

>> Make America great again. One more term.

>> But there are signs that some Democrats

are learning how to win again.

>> I understand the desire to fight

everything. You can have all the right

positions in the world, but if you can't

win an election, none of it matters.

>> In places they hope to flip, candidates

are downplaying culture war issues and

emphasizing the cost of living, talking

less about pronouns and more about

prices.

Senior Democrats such as Gavin Newsome

are publicly rejecting unpopular

progressive positions like allowing

biological males in women's sports. When

you get to the issues around sports,

trans issues, that's now no longer about

celebrating your rights. It's about

denying other people theirs. I don't

think it's fair. It's not.

>> All this matters because the political

center is up for grabs. The 20% of

voters

>> I mean, this is true. Like, remember I

This is not a pitch for me. I'm not I'm

not running for office. I'm just saying

like I ran for governor in California in

the recall election. got nearly a

million votes. And our position was so

simple. Why Why don't we focus on no

homelessness on the streets? Solve the

problem. Solve the cause of

homelessness, trade schools, lower

taxes, more drilling and gas. Those are

the principles I ran on. More funding of

the police, not defunding the police.

These are like 90 plus% of Americans

should listen to that and be like, "Yes,

Kevin.

But that's not what wins elections. It's

this insanity of of like the extremes on

the left and right. And it and

California is Gavin Newsome is like the

best leader that the Democratic party

has right now. And it's so pathetic

because he sucks so badly. Like the bar

for a Democratic leader is so low.

People are like maybe Kabell will come

back. Maybe AOC will run. What's next?

Bernie Sanders is gonna run for

president. And I'm not saying like

individually they could be okay, but are

they uni gonna unify the middle? Like I

know there are a lot of Bernie

supporters, but is he going to unify the

middle? Come on, man. We've played this

game before. It ain't going to happen.

In the ideological middle, backed Trump

over Harris by eight points in 2024. But

almost a year into his second term,

Trump's approval rating among this group

is now minus 33. on inflation, centrist

voters's top concern. He's at a whopping

minus43.

That's an opening Democrats can exploit,

especially as Trump's tariffs make

things even more.

>> Yeah, but but the tariffs will I mean

the the inflation will end up being

transitory, so won't be that great of a

platform to run on.

>> If Democrats win the House in 2026, they

will gain real power to curb Trump's

successes, including the power to

investigate his administration. If they

lose, they'll have to ask themselves a

painful question. Why did voters see

them as the extremists, not the guy

trying to establish one man rule?

>> Well, yeah. I I mean, we know Donald

Trump is extreme in his like what his

goals are and he wants to do it all

himself because that's how he gets

through the political quagmire of

stalemates in in you know, government.

And there are things that people find

are too extreme with Trump, but like at

least he had a unifying and clear

message. Like people knew this is what

you were gonna get mostly with Trump. We

don't there's no other choice on the Dem

party right now. There's nothing

no good choice at all. And you know,

midterms are in a year and two months.

That don't look good. Oh, I don't look

good at all.

>> Uh for Democrats

>> knows about this.

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Path right there, financial

analyst and YouTuber. Meet Kevin. Always

great to get your take.