California Regulators Propose Gov’t Takeover Of Oil Refineries To Stave Off Energy Crisis

[SassyIrishLass]

There are EV fire scars all over our roads and interstates. They melt the road.

Guard rails won't stop them either. Too heavy

 

[jotathought]

Daily Caller!

#DISTRACTION

Then perhaps you should read the abstract and analysis provided by the State of California Energy Commission, which details state-owned refineries and reserves for cost controls. Enjoy.

 

[Captain Caveman]

I have just as much confidence in the California government's ability to properly run the oil refineries as I do in its ability to complete the high speed rail from Los Angeles to San Francisco in time and on budget.

California Regulators Propose Gov’t Takeover Of Oil Refineries To Stave Off Energy Crisis

California regulators have proposed a variety of government forays into the petroleum industry in order to combat future energy price surges

dailycaller.com

California Regulators Propose Gov’t Takeover Of Oil Refineries To Stave Off Energy Crisis​

August 2, 2024

California regulators have proposed a variety of government intrusions into the petroleum industry in order to combat future energy price surges, according to a report released Thursday by the California Energy Commission (CEC).

As the Golden State continues to pursue its green agenda, the CEC expects some of California’s nine oil refineries to be shuttered due to falling demand, which would give the remaining refineries increased pricing power and raise the possibility of a surge in gas prices, the study concluded. To solve this problem, the commission proposed a variety of government interventions, including expanded regulation on private refineries, the establishment of state-owned refineries and an increase in imports.

“The State of California would purchase and own refineries in the State to manage the supply and price of gasoline,” wrote the study’s authors, with the scope of the initiative ranging from “one refinery to all refineries in the state.”

You mean do a Socialism and nationalise it? Never works. It'll control the price but at the cost of investment, so the investment will be tax dollars, so tax will increase.

 

[jotathought]

You mean do a Socialism and nationalise it? Never works. It'll control the price but at the cost of investment, so the investment will be tax dollars, so tax will increase.

That's exactly correct. The government will artificially price output that contradicts market standards. It's a full-circle effect: as prices go down, taxpayer liability goes up to fund investment opportunities for technology advancements and exploration. Plus, they'll end up hiring private organizations to manage the operations, exploration, etc. which won't be inexpensive.

 

[westwall]

Chevron Taking Its Headquarters To Texas

Chevron announced Friday that will move its corporate headquarters from its longtime home in San Ramon, CA to Houston, Texas in the coming months.

www.forbes.com

Currently, Chevron has 2,000 employees in California, and 7,000 in various Texas locations.

Yes, and in less than five years there will no longer be Chevron employees in San Ramon.

DURRRRRR

 

[otto105]

It’s how you assure you don’t get Enron greed.

Public power plants that are community owned are non-profit and have a public oversight.

 

[Toddsterpatriot]

Some Trumpies have talked about nationalizing the US oil industry. Of course they are ignorant fringe people. They think oil belongs to the people. They don't realize the oil business is a BUSINESS.

Which ones? Link?

 

[Toddsterpatriot]

Newsom already executed executive orders banning the sale of gas-powered vehicles by 2035 and signing legislation converting 100% of retail electricity to renewable energy by 2045.

They'll still be importing electricity from neighboring states.

 

[Toddsterpatriot]

The ENRON boys were slap-happy with greed. Don't you understand? Bush was trying to save ENRON by invading Afghanistan? They desperately needed a gas pipeline from the Caspian and the Stans across Afghanistan to fuel the Dabhol power plant. Are you a fan of Ken Lay?

Who was most responsible for Enron scandal?
Several key executive team members are often noted as being responsible for the fall of Enron. The executives include Kenneth Lay (founder and former Chief Executive Officer), Jeffrey Skilling (former Chief Executive officer replacing Lay), and Andrew Fastow (former Chief Financial Officer).

A federal jury finds former top Enron executives Kenneth Lay, right, and Jeffrey Skilling guilty after more than 14 weeks of testimony. The two have been convicted of fraud and conspiracy in connection with the energy-trading giant's collapse.

Why was Enron able to manipulate the market so easily?
What did California do wrong?

 

[Blaster]

Big government is one of the biggest threats to democracy.

 

[otto105]

Big government is one of the biggest threats to democracy.

Define “big government”.

Define the size that you think is necessary.

 

[Toddsterpatriot]

Daily Caller!

#DISTRACTION

https://efiling.energy.ca.gov/GetDocument.aspx?tn=258271&DocumentContentId=94273

#LIBTARD

 

[konradv]

View attachment 989944

https://efiling.energy.ca.gov/GetDocument.aspx?tn=258271&DocumentContentId=94273

What’s your point?

#TRUMPISOLD

 

[konradv]

Then perhaps you should read the abstract and analysis provided by the State of California Energy Commission, which details state-owned refineries and reserves for cost controls. Enjoy.

Why would I do that, when Trump is a criminal?

#PERSPECTIVE

 

[jotathought]

Why would I do that, when Trump is a criminal?

#PERSPECTIVE

Wow .. the two have nothing to do with each other. Besides, absolutely nothing against running for public office, and Trump would still do it if he were wearing an orange jumpsuit.

#DUMBASS

 

[BluesLegend]

Yes, and in less than five years there will no longer be Chevron employees in San Ramon.

DURRRRRR

The diesel price difference along the AZ/CA border...over $2 per gallon more in CA, all taxes and fees.

 

[konradv]

Wow .. the two have nothing to do with each other. Besides, absolutely nothing against running for public office, and Trump would still do it if he were wearing an orange jumpsuit.

#DUMBASS

You’re trying to deflect attention from Trump. What else is one to think?

#MAGALIES

 

[Toddsterpatriot]

What’s your point?

The Daily Caller article was correct.

#LIBTARD

 

[jotathought]

You’re trying to deflect attention from Trump. What else is one to think?

#MAGALIES

This is a thread on California's proposal to have state-owned refineries and oil reserves to "address" cost measures. Back on topic now, little sheeple.

#BUTTHURT

 

[Couchpotato]

Who said that you dumb fuck.

You