Posted on 05/28/2024 3:33:49 PM PDT by lowbridge
California could be a much nicer place to live if some of the progressives who run the place would stop trying their best to make everything more expensive. California has had blackouts and despite this came close to shutting down its last nuclear reactor. In 2022, Gov. Newsom finally had second thoughts on that after the Biden administration offered a boatload of money to reverse course and keep the last reactor running.
But despite moments of lucidity, the state and the governor seem determined to set the state's next energy crisis in motion. Last year the state passed a bill called SBX1-2 which was brandished by Gov. Newsom as the country's first "gas price gouging law."
Working with Senator Nancy Skinner and the Legislature to pass SBx1-2, this new law creates the Division of Petroleum Market Oversight, a dedicated state independent watchdog to root out price gouging by oil companies and authorizes the California Energy Commission (CEC) to create a penalty to hold the industry accountable. The new division will closely monitor the industry on a daily basis to identify unethical or illegal behavior, and will refer any violation of law – including industry misconduct or market manipulation – to the Attorney General for prosecution.
Threatening to fine or prosecute companies for making money is considered a great idea in Sacramento but there's every reason to think this is going to backfire on the state sooner or later. The law passed but the regulators haven't put it into effect yet. That decision will come sometime before the end of this year. Meanwhile, California's gas prices are already the highest in the country and there's a real chance this scheme will make that problem worse.
(Excerpt) Read more at hotair.com ...
If I’m Exxon, I’m pulling out of that Marxist hellhole and let them drive electric cars from here on out in Utopia.
CALIF wants ANOTHER 50 Cents in gas tax, also.
Chevron pulling out of California would be the death knell. Chevron is 27% of the gasoline market and has 2 major refineries in California. Even giving notice that they might be considering shutting them down would send the California market into a tailspin.
What CA is doing with fuel has sealed its fate in my book. Up to now my girlfriend and I had decided to stay here because of her state job/retirement. Because of the upcoming CARB gas tax increases I finally told her i am definitely leaving after this summer. My daughter graduates HS in 2 days and after this summer I am finally florida bound!
My pet peeve for anyone who writes for a living: learn the difference between ‘its’ and ‘it’s.’ No excuses. (Hint: the one with the apostrophe is a contraction, not a possessive.)
I will repeat this story over and over because it makes me angry: We switched our business from gas to electric generators two years ago. This state produces so much solar energy that during the day there is an excess - they have to dump it off. Peak hours are from 4 pm to 9 pm. We don’t use energy during those hours. Out of nowhere the utilities commission decided to charge me a “surcharge” when I turn on one of the generators. What was a $400 bill - and still is a $400 bill - has a $1600 “spike usage surcharge” because we have to run these generators for a few hours a month.
Same amount of energy we had been using for years. But because it isn’t steady use, they gouge us for drawing a lot for short bursts during random occurrences. Again, the total amount of KwH used has been steady month over month on average but when I kick on the 480 Amp generator they kick me in the rucksack. And in a way I get it - use more pay more; and they planned on dumping the extra electricity. But the other side of that coin is that the electricity is basically free to them. They literally dump it off during the day because there is so much more solar generation during the day than the state actually uses.
I am thinking I should make some youtube videos - go visit Edison, go visit the County Supervisor, go visit my Congressman etc. I am “doing what they said I should do”, got off carbon, and they cream me for it. If I went back to gas it would pay for itself in under 2 years at this rate.
I think Chevron should just let it out that they are “considering their options.” Let the idiots figure it out.
Failure is their superpower.
EVery time they do something destructive, the resulting dysfunction and chaos and failure becomes grounds for even more laws, interventions and regulations.
I make that mistake a lot. Dunno why. I know the difference. One is a contraction and one is possessive. But often the ‘s is used in the possessive sense. So for some silly reason I’ve been making that mistake ever since grammar school. I catch myself more often than not but sometimes it still slips through even to this day.
And sometimes it’s the auto-correct.
“I am finally florida bound”
We have crazy home insurance rates here in Florida.
And home insurance companies can vanish after rather minor storms.
https://climatebiz.com/tesla-powerwall-alternatives/
You might be able to offer your customers low-energy use/lower cost ‘specials’ or simply close early.
Only after having solar for a while and studying over a year's worth of telemetry after I did the upgrade, did I determine that I'd make a little bit more from selling power to the grid than I pay in extra fees. If that ever changes, I cancel my grid sell contract, change a few configurations in my inverters, and quit putting power onto the grid like before.
I know nothing of the Chevron/Kalifornia energy situation but....Chevron should only service their CA installations sufficient to satisfy the stockholders. Forget expansion & upgrading. Put no more into CA beyond what they are paid.
IOW, if CA needs more gas & energy, let someone else make it happen in CA’s fractured rules environment.
Is any of that feasible as a corporate entity?
“this new law creates the Division of Petroleum Market Oversight, a dedicated state independent watchdog”
Wonderful - another money pit bureaucracy!
the state wants to shut down all the oil wells here in the central valley, pump no more oil out of the ground.
damn fools, to bad the Norks can’t do us a solid and bomb crapatomato
>>>My daughter graduates HS in 2 days and after this summer I am finally florida bound!
Welcome aboard! You might see Sylvester Stallone around.
Cheers from sunny Florida.
Rules for thee but not for me.
the difference between ‘its’ and ‘it’s.
= = =
Roger that.
I’ll be reading along in a newspaper and come to a screechng stop.
Due to the wrong its/it’s
Due to 7th grade English and Grammar, and re-inforcement through high school, and a bunch of reading of older (correct) books.
Water, fuel, electricity, gas.....you name it. They are simultaneously wasting it, overregulating it, overtaxing it and apportioning it in such an insane manner it’s almost funny.
My guess is that Newsome and his ilk are just planning on the “California is too big to fail” gambit and let the other states bail it out.
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