Posted on 03/29/2023 6:19:54 AM PDT by ChicagoConservative27
Gavin Newsom (D) claimed victory Tuesday over oil companies with the signing of a law that caps their profits.
Don’t anyone be surprised if you see the old 70’s signs at gas stations.
SOORY NO GAS
Ca has reduced oil drilling by 25 %
$10 a gallon here we come. Does this doofus actually think that the tax won’t be passed along to the consumer? BS, he knows it will and he is intentionally screwing all his minions in Commiefornia. Its all part of the WEF/NWO globalist plan. He doesn’t give a crap about you, average citizen. Never has, never will.
It'll take a while, the oil companies will first move as much business personnel and facilities out of CA as possible.
They may even disassemble refineries and sell them to foreign nations, and write off the loss.
Actual oil wells in CA may be wound down and capped (if CA tries to keep that oil in CA), for the fed tax and investment write off.
Once most all operations are out of CA, then CA has no control over supply or price, the oil companies can sell elsewhere for market price.
That is an Economic truism.
Does this doofus actually think that the tax won’t be passed along to the consumer.
Oh he knows California is trillions in debt it’s just another way to get tax money.
California is illegal central it takes a lot of money to keep the welfare wagon rolling.
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