State bill could cap gas prices for weeks

Sacramento Bee ^ | 6/9/6 | Jim Sanders

[SmithL]

Rather than demonize oil companies, lawmakers ought to be pushing to fast-track refineries and increase oil supply,

BINGO

[GrandEagle]

by allowing a temporary price cap in times of "abnormal market disruption."
Hummmm Seems like I remember this before from Carter.
Quick, someone send them a history book!

[Stayingawayfromthedarkside]

But I thought they banned gas guzzlers in Kalifornia. Oh well, that will be next.

[2banana]

How about "price caps" on the amount of taxes government can rob from you...

[Frohickey]

Let me guess...
Lockyer is a Nobel Prize winning economist, while Nunez holds a PhD in economics and is extensively published.

[Irontank]

Rather than demonize oil companies, lawmakers ought to be pushing to fast-track refineries and increase oil supply

If governments were really interested in lower prices, they'd reduce or eliminate gas taxes (which far exceed oil company profits as a share of the price of every gallon of gas)

But in their perverse ignorance or deception, they, instead, propose to respond to higher gas prices by raising new taxes such as a "windfall tax" on oil companies

[umgud]

What about the windfall taxes collected thru our state sales taxes.

[Protagoras]

Government set prices are Marxist in nature.

[Rodm]

Go ahead Calfornia Demo-idots. Cap Gasoline prices, then see the supply dry up and miles of cars lined up to get gas at a few stations with remaining supplies of fuel. These guys are dumber than a box of rocks.

[rottndog]

These people are so stupid it hurts to think that they actually have power of elective office.

Hey Morons: PRICE CONTROLS ALWAYS LEAD TO SHORTAGES!!

And Lockyer wants to be state treasurer...

[kellynla]

Didn't the peanut farmer try this in the seventies?

[EagleUSA]

What about the windfall taxes collected thru our state sales taxes.
-----
Oh, the socialists are eating those up and loving it. As usual. California is so overtaxed, it is almost as bad as New York now. Welcome to "Liberal-ville". Any talk of capping fuel prices is just pandering -- an election is coming. The fiscal damage done by the doubling of fuel costs, is still yet to be determined -- and of course, the ThugoRats will still prevent America from creating more of its own petroleum and nuclear energy -- any move toward energy independence.

Congress fiddles while America burns.

[WRhodesTider]

Exactly what I was thinking. Do they think that the oil companies and gas stations are under any obligation to sell gas? Maybe it will free up the supply for the rest of the country so that our gas will be cheaper.

[dalereed]

It will no doubt pass in both the Assembly and Senate, the only hope is that Arnie, the socialist, will veto it.

[GrandEagle]

Didn't the peanut farmer try this in the seventies?
Yes he did, and the results will be the same. No gas at any price in Kaliforina.

[mysterio]

They need a few more refineries and to get rid of those idiotic blends. Bush needs to sign an executive order mandating no blends until the gas crisis is over. Their blends drive everyone's price up because they use up refinery space.

But a cap? Cool, let them do it. Apparently they've forgotten about gas lines. They need to be reminded of what doesn't work.

[SAJ]

Both Jimmuh Peanut and the ass Nixon were in love with price controls.

[tertiary01]

Quick, someone send them a history book!

Won't make any difference for they see themselves as the new and improved politicians for whom historical precedents do not apply.

[thackney]

Price Caps worked so well for Hawaii last year...

< /sarcasm>