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 ...
Stay north of Orlando
Already settled on Dunedin. Love the access to the beaches in clearwater and Honeymoon island.
My mom lives in Ocala, sister lives in Williston, brother lives in Sanford. I’m stuck deep behind enemy lines in Hollywood.
Chevron has already relocated a lot of their people to Texas.
I assume you mean Hollywood CA and not Hollywood Florida?!
Hollyweird florida just south of fort liquordale
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