Posted on 12/07/2022 8:26:44 AM PST by Tell It Right
California Gov. Gavin Newsom (D) changed his plan for a windfall tax on oil company profits to describe the tax as a “penalty” to avoid a requirement that new taxes be passed by a two-thirds vote in the state legislature.
(Excerpt) Read more at breitbart.com ...
California is an EEO state: equal energy obliterator. LOL
Someone needs to challenge these end runs in court.
A penalty for being successful. Not a bad definition of dysfunctional socialism.
It’s good to be King.
“It’s a beautiful thing, the destruction of words.”
― George Orwell, 1984
A tax, by any other name, is still a tax. Take it to court.
California is the only state that continues to import large amounts of crude oil. It is because they won’t build a pipeline to Texas.
That is the major reason that California gas is always higher.
“Penalty” obviously implies doing something illegal. The oil companies should call out Newsom by shutting down to avoid doing anything “illegal”.
California Resources Corporation
(NYSE: CRC) is a publicly traded oil and natural gas exploration and production company and the largest oil and natural gas producer in California.
Oil companies need to stop selling petroleum products to the Californicators. Let them drive their EVs. They have all kinds of electrical power stations to charge their EVs.
Chief Justice Roberts already ruled that the Obamacare fine was a tax. I see no difference here.
EC
In all seriousness, the refinery companies could easily make the case that it costs them too much money to refine gas based on California's unique standards and tell them to get their gasoline elsewhere.
Atlas Shrugged
“California Resources Corporation (CRC) is an independent oil and natural gas company committed to energy transition in the sector. CRC has some of the lowest carbon intensity production in the US and we are focused on maximizing the value of our land, mineral and technical resources for decarbonization by developing carbon capture and storage (CCS) and other emissions reducing projects.
CRC explores for, produces, gathers, processes and markets crude oil, natural gas and natural gas liquids. CRC makes significant use of advanced technologies to enhance safety and efficient production across our leading mineral acreage position and diverse portfolio. These technologies enable more production while minimizing the footprint of oil and gas development. CRC is a responsible steward of the environment in its development of our energy resources. In fact, in 2021, CRC received an “A-” from CDP (formerly the Climate Disclosure Project), scoring at CDP’s Leadership Level and earning the highest ranking among all oil and natural gas production companies worldwide, tying for first in North America with one other U.S.-based E&P with global operations. Scoring at CDP’s Leadership Level for three years in a row further highlights CRC’s differentiated value as a dedicated and dependable energy producer for Californians with ESG Goals that meet or exceed California’s unparalleled sustainability standards.
Like minds think alike, and so do we. LOL I thought the same thing as soon as I saw the headline at BB, then read the article and Pollak made the same observation, as do you. LOL
It’s already been to court for Obamacare..
Let John Roberts rule on this.
One of the oil companies’ marketers out to post a meme saying Newsome should pay some of the oil windfall “penalty” just from all the oil he puts in his hair everyday. LOL
if we are going to run it up the flag pole again, now would be the time.
I thought CVX was hq in Cal?
California has proved oil reserves of 3 million barrels, with estimates on the potential of the Monterey Formation of between 600 million barrels to 15 billion barrels of oil.
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