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Author Topic: Calif. Senate Passes Bill To Punish Oil Companies For High Pump Prices  (Read 536 times)

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Online rangerrebew

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Calif. Senate Passes Bill To Punish Oil Companies For High Pump Prices
« on: March 25, 2023, 08:19:38 am »
WRITTEN BY ADAM BEAM ON MAR 24, 2023. POSTED IN LATEST NEWS

Calif. Senate Passes Bill To Punish Oil Companies For High Pump Prices

newsom presserA first-in-the-nation bill to punish oil companies for profiting from price spikes at the pump breezed through the California Senate on Thursday at the urging of Democratic Gov. Gavin Newsom, the first major vote in an effort to pass the law by month’s end.

The proposal is in response to sales last summer when the average price of a gallon of gasoline in California soared to a record high of $6.48. [emphasis, links added]


Drivers in some places paid as much as $8 per gallon, prompting widespread outrage in an election year.

Newsom, a Democrat, reacted by attacking the oil industry, specifically the five companies that provide 97% of gasoline in the state.

https://climatechangedispatch.com/calif-senate-passes-bill-to-punish-oil-companies-for-high-pump-prices/
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Online rangerrebew

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Re: Calif. Senate Passes Bill To Punish Oil Companies For High Pump Prices
« Reply #1 on: March 25, 2023, 08:22:10 am »
As stations close, Mejifornia will have neither enough gas nor electricity to put all the cars on their roads when they go all electric cars. :tongue2:
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline Fishrrman

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Re: Calif. Senate Passes Bill To Punish Oil Companies For High Pump Prices
« Reply #2 on: March 25, 2023, 06:18:50 pm »
It might be easier for some of these companies to simply stop doing business within California.

No profits?
Or most of the profit taken by the state?
Why stay there?
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Offline SZonian

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Re: Calif. Senate Passes Bill To Punish Oil Companies For High Pump Prices
« Reply #3 on: March 25, 2023, 11:59:30 pm »
As a current Californian...I'm taking him for his word...


https://www.youtube.com/watch?v=lwx2ce_AyOE
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Offline catfish1957

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Re: Calif. Senate Passes Bill To Punish Oil Companies For High Pump Prices
« Reply #4 on: March 26, 2023, 01:30:23 am »
As an Oil Company retiree, and and stock holder.....

I'm all for getting every single pump out CA by next week.   F California.
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