... because demand is down. California hit peak gas sales 20 years ago and reaching zero motor fuel sales is foreseeable.

Reaching zero motor fuel sales is foreseeable? By when do you foresee it?

How much below the peak is current sales?

	▲	jeffbee 3 hours ago \| parent [-]
		15% in absolute terms, 22% in per capita terms. And it is state policy to allow no more additional ICE cars in less than ten years, no net emissions in less than 20 years. Investing in a refinery today would obviously be folly.