Wrong again. Starting in 1996 California started a process of deregulation of its power grid under the gist of increasing competition. Now which party was in the governor's office in 1996. It was under that deregulation that Enron was able to manipulate power production and bilk the state.
They did screw up the deregulation. Instead of pure deregulation operating on market principals, they came up with a hybrid where part of the market was deregulated, and part was regulated. This resulted in the worst of both systems.
SOME, but not most anymore. If I remember, correctly both Los Angeles and Glendale sold some municipal power plants because they had become too old and expensive to operate. LA is now converting its El Segundo natural gas-powered plant to hydrogen that it hopes to produce by splitting seawater into hydrogen and oxygen with solar power.
yes, they did. Power companies that included Enron took power plants offline to drive market pricing higher.
The only way that happens is if people keep fleeing that shithole.
Ya wasn't it you that called Trump a piece of shit.
yes you did you called Trump a piece of shit., Hell I agree with you so you don't have to hide your words.
Quote it up big dog. I’ve never run from anything I’ve said.
I said it was gonna come to this if the feds didn't provide some regulation on big oil.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.
State 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 surgesdailycaller.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.”
I’m all about seeing this happen. I want to see how this California experiment goes.
The feds regulate the **** out of oil. WTF are you talking about?
yes you did you called Trump a piece of shit., Hell I agree with you so you don't have to hide your words.
