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

[rangerrebew]

California Regulators Propose Gov’t Takeover Of Oil Refineries To Stave Off Energy Crisis
Gas Prices See Rare June Drop
 
Owen Klinsky
Contributor
August 02, 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. (RELATED: Chevron Leaving California Behind After Years Of ‘Adversarial’ Dem Policies)

“The deployment of ZEVs [zero-emission vehicles] and a robust mass transit system are critical for achieving the state’s climate goals, reducing local air pollution, and eventually eliminating dependence on the volatile global petroleum markets. As demand for gasoline shrinks, refineries may close or convert to processing clean transportation fuels,” the report states. “This will lead to fewer gasoline refineries, with increased market concentration and associated market problems that often accompany it.”

https://dailycaller.com/2024/08/02/california-regulators-propose-govt-takeover-of-oil-refineries-stave-off-energy-crisis/#google_vignette

[rangerrebew]

Ah, yes!  Finally, the real reason politicians have been so concerned about global warming rears its ugly head.  Communism!  Next will be taking control of gas stations so there aren't gas wars undercutting the prices set by the government.

[Smokin Joe]

Here it comes!!!!

This has been their wet dream since the Arab Oil Embargo.

I can't imagine the shift in expense and the decline in efficiency that would be manifest in the government trying to run an oil company.

Hell, they ran a whorehouse into bankruptcy in Nevada (The Mustang Ranch), and that sort of >ahem< drilling is far more basic.

[Free Vulcan]

I didn't realize Cali was it's own nation now.

[Wingnut]

I didn't realize Cali was it's own nation now.

A third world nation it seems.

[Timber Rattler]

In other related news...

Chevron relocating headquarters from California to Texas

https://www.foxbusiness.com/markets/chevron-relocating-california-headquarters-texas

Oil giant Chevron is moving its headquarters to Texas from California, the latest company to exit the Golden State.

The company on Friday announced its planned corporate relocation to Houston from San Ramon, where it has long been based.

"The company expects all corporate functions to migrate to Houston over the next five years," Chevron said. "Positions in support of the company’s California operations will remain in San Ramon."

EXCERPT

Also, the City of Richmond may have hastened Chevron's decision to get out...

Chevron calls Richmond’s proposed refinery tax ‘exorbitant’

https://richmondside.org/2024/07/25/chevron-fighting-richmond-ca-refinery-tax-ballot-measure/#:~:text=The%20Richmond%20Refining%20Business%20License,in%20General%20Fund%20revenue%20annually.

The director of Chevron’s Richmond refinery told media during a noon briefing today at a Chevron gas station that a November ballot measure asking voters to approve a refinery tax undermines the refinery’s viability and hurts consumers and employees.

The Richmond Refining Business License Tax ballot measure, passed unanimously by the City Council in May, would create a $1 per barrel tax that would bring an estimated $60 million to $90 million in General Fund revenue annually. The measure was brought to the council by Oakland-based and Richmond-rooted Asian Pacific Environmental Network and environmental justice group Communities for a Better Environment, which has an office in Richmond near the Metro Richmond Village, according to its website.

“It is no secret that California is an adversarial place for us to do business,” said Richmond refinery Director Tolly Graves, speaking to a group of about 10 journalists at the gas station. “This proposed tax is going to make it even harder on manufacturing here. It unfairly targets one refinery, the Chevron Richmond refinery, and puts us in a significant competitive disadvantage to the two other refineries that still exist here.”

A Public Records Act request showing the company’s most recent tax contributions to Richmond, however, shows that the Richmond refinery accounted for 20.1% of the city’s General fund in 2022-2023 and 15.7% of total city revenue. The information for 2023-2024 was unavailable at the time of the request in March.

EXCERPT

[rangerrebew]

I didn't realize Cali was it's own nation now.

Nobody else wants them.

[Fishrrman]

Sounds like "Directive 10-289".

"Paging Ellis Wyatt. Your counsel needed. Please pick up the nearest courtesy phone..."

[Hoodat]

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

Who is John Galt?

[Hoodat]

A Public Records Act request showing the company’s most recent tax contributions to Richmond, however, shows that the Richmond refinery accounted for 20.1% of the city’s General fund in 2022-2023 and 15.7% of total city revenue. The information for 2023-2024 was unavailable at the time of the request in March.

There is no greed is greater than the greed of a liberal.