Shellenberger: Biden, Democrats Are Gaslighting Americans On Gas Pr

[rangerrebew]

WRITTEN BY MICHAEL SHELLENBERGER ON OCT 12, 2022. POSTED IN LATEST NEWS

Shellenberger: Biden, Democrats Are Gaslighting Americans On Gas Prices

In response to $6 per gallon gasoline prices, which are nearly 70% higher than the $3.81 national average, California Governor Gavin Newsom will convene a special session of the state legislature in December to enact a “windfall profits tax” on oil companies that he said are price gouging.

“Crude oil prices are down but oil and gas companies have jacked up prices at the pump in California,” said Newsom. “This doesn’t add up. We’re not going to stand by while greedy oil companies fleece Californians.” [bold, links added]


But there is no evidence of illegal price setting, and a new tax on oil companies would increase prices further.

Last week, a federal judge in San Diego issued a 103-page ruling dismissing a class-action lawsuit that claimed traders at oil companies had colluded to keep prices high. The scope of the case was massive and spanned seven years of litigation.

https://climatechangedispatch.com/shellenberger-biden-democrats-are-gaslighting-americans-on-gas-prices/

[roamer_1]

In response to $6 per gallon gasoline prices, which are nearly 70% higher than the $3.81 national average, California Governor Gavin Newsom will convene a special session of the state legislature in December to enact a “windfall profits tax” on oil companies that he said are price gouging.

“Crude oil prices are down but oil and gas companies have jacked up prices at the pump in California,” said Newsom. “This doesn’t add up. We’re not going to stand by while greedy oil companies fleece Californians.” [bold, links added]

These people are literally economic idiots.
You can't be this damn stupid on purpose.

[DefiantMassRINO]

... California's more stringent gasoline standards reduces the number of refineries available to distill gasoline for California.

scarcity creates value ... government overregulation creates scarcity

[Fishrrman]

Newsom:
“This doesn’t add up. We’re not going to stand by while greedy oil companies fleece Californians.”

Fishrrman:
Perhaps it's time for those "greedy oil companies" to "fleece" California -- just withdraw from doing business there at all.

See Atlas Shrugged: Ellis Wyatt

[DB]

Newsom:
“This doesn’t add up. We’re not going to stand by while greedy oil companies fleece Californians.”

Fishrrman:
Perhaps it's time for those "greedy oil companies" to "fleece" California -- just withdraw from doing business there at all.

They are. Phillips 66 is closing their longtime refinery:

https://calcoastnews.com/2022/09/phillips-66-shutting-down-refinery-in-nipomo/

Stupid should hurt.

[Bigun]

They are. Phillips 66 is closing their longtime refinery:

https://calcoastnews.com/2022/09/phillips-66-shutting-down-refinery-in-nipomo/

Stupid should hurt.

Chevron is leaving as well.

[DB]

Chevron is leaving as well.

California is going to be interesting to watch from a distance over the next 5 to 10 years. The only people left there will be the very wealthy and those who are subsidized. The middle class is being destroyed with an ever increasing cost/regulation burden.

[Kamaji]

California is going to be interesting to watch from a distance over the next 5 to 10 years. The only people left there will be the very wealthy and those who are subsidized. The middle class is being destroyed with an ever increasing cost/regulation burden.

In other words, a garden-variety third world country.

[Bigun]

California is going to be interesting to watch from a distance over the next 5 to 10 years. The only people left there will be the very wealthy and those who are subsidized. The middle class is being destroyed with an ever increasing cost/regulation burden.

“The problem with socialism is that you eventually run out of other people's money.”

― Margaret Thatcher

[DB]

With the closing of the refineries and Diablo Canyon nuclear power plant in the more rural areas of California the high paying jobs are going too. There's going to be a long chain of economic consequences.