1srelluc
Diamond Member
On Tuesday, Newsom signed a new law that gives state regulators the power to penalize oil companies for making too much money, the first of its kind in the country.
It's the type of legislation the oil industry might have crushed in the past. But on Monday, the bill cleared the state Assembly with only one Democrat voting against it.
"We proved we could finally beat big oil," Newsom said Tuesday after signing the bill.
I hope this means that the oil companies just increased the supply to the rest of the country and Newsome screwed Californians. If I am going to be penalized for selling oil in CA, I will sell it somewhere else.....In fact I hope all blue states do the same thing.....Your move NY.
I say:
Good luck getting gas for a U-Haul.....If any are available.
It's the type of legislation the oil industry might have crushed in the past. But on Monday, the bill cleared the state Assembly with only one Democrat voting against it.
"We proved we could finally beat big oil," Newsom said Tuesday after signing the bill.
New California gas price law another defeat for oil industry
California Gov. Gavin Newsom has signed a new law that could penalize oil companies for making too much money.
apnews.com
I hope this means that the oil companies just increased the supply to the rest of the country and Newsome screwed Californians. If I am going to be penalized for selling oil in CA, I will sell it somewhere else.....In fact I hope all blue states do the same thing.....Your move NY.
I say:
Good luck getting gas for a U-Haul.....If any are available.