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California regulators propose gov’t takeover of oil refineries to stave off energy crisis
Daily Caller ^ | 8/2/24 | Owen Klinsky

Posted on 08/02/2024 5:02:30 PM PDT by CFW

California regulators have proposed a variety of government intrusions into the petroleum industry in order to combat future energy price surges, according to a report released Thursday by the California Energy Commission (CEC).

As the Golden State continues to pursue its green agenda, the CEC expects some of California’s nine oil refineries to be shuttered due to falling demand, which would give the remaining refineries increased pricing power and raise the possibility of a surge in gas prices, the study concluded. To solve this problem, the commission proposed a variety of government interventions, including expanded regulation on private refineries, the establishment of state-owned refineries and an increase in imports.

“The deployment of ZEVs [zero-emission vehicles] and a robust mass transit system are critical for achieving the state’s climate goals, reducing local air pollution, and eventually eliminating dependence on the volatile global petroleum markets. As demand for gasoline shrinks, refineries may close or convert to processing clean transportation fuels,” the report states. “This will lead to fewer gasoline refineries, with increased market concentration and associated market problems that often accompany it.”

[snip]

To address the market concentration issue, the CEC proposed a variety of state interventions, including setting up state-owned refineries.

“The State of California would purchase and own refineries in the State to manage the supply and price of gasoline,” wrote the study’s authors, with the scope of the initiative ranging from “one refinery to all refineries in the state.”

(Excerpt) Read more at dailycaller.com ...


TOPICS: Business/Economy; Front Page News; Government; Politics/Elections; US: California
KEYWORDS: california; communism; communists; democrats; energy; fascism; oil; refineries; socialism; venezuela
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I seem to recall another country taking this route. We should look to them to see how it worked before trying it in a state here.
1 posted on 08/02/2024 5:02:30 PM PDT by CFW
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To: CFW

I duuno, MAn.

Sounds a lot like outright commie stuff to me.


2 posted on 08/02/2024 5:04:57 PM PDT by ASOC (This space for rent)
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To: CFW

So to solve this those in government bring in MILLIONS more energy consuming illegals and chain immigration foreign nationals. Makes perfect sense.


3 posted on 08/02/2024 5:05:32 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: CFW

Out of control government is out of control.


4 posted on 08/02/2024 5:06:48 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: CFW

Just like they’re doing to farms they’ve cut off the water to, and this should be no surprise to anyone.

I hope any refinery in California that shutters is fully sabotaged before the commies get their hands on it.


5 posted on 08/02/2024 5:07:19 PM PDT by Pox (Eff You China. Buy American!)
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To: CFW

The ultimate end game of the climate farce … state takeover of energy sources.


6 posted on 08/02/2024 5:07:54 PM PDT by johniegrad
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To: CFW

This came out of the blue. Sarc.


7 posted on 08/02/2024 5:08:01 PM PDT by Jonty30 (Genghis Khan did not have the most descendants. His father had more. )
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To: CFW

You know, like socialism. Possibly fascism. Gotta make that oil pump on time!


8 posted on 08/02/2024 5:08:05 PM PDT by vpintheak (Sometimes you’re the windshield, sometimes you’re the bug. )
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To: CFW

“”California regulators have proposed a variety of government intrusions into the petroleum industry in order to combat future energy price surges””

.

Yeah, let the commies “run” the refining industry.

Instead of paying $8.00 per gallon in the future, everyone will just start paying that much now.

Standard government solution...

.


9 posted on 08/02/2024 5:09:41 PM PDT by TLI (ITINERIS IMPENDEO VALHALLA)
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To: CFW
Everything government touches, it turns to complete sh*t.

That's the history.

10 posted on 08/02/2024 5:10:25 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: CFW

I am more concerned about government tax surges. Why don’t they fix that?


11 posted on 08/02/2024 5:11:51 PM PDT by alternatives?
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To: CFW

Marxist Morons.


12 posted on 08/02/2024 5:11:58 PM PDT by Chgogal (To paraphrase Biden: You vote Democrat? Then you ain't smart.a)
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To: Jonty30

yeah, didn’t see that coming eh?


13 posted on 08/02/2024 5:15:54 PM PDT by Samurai_Jack (This is not about hypocrisy, this is about hierarchy!)
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To: CFW

So now we know who Gavin thinks should own the means of production.


14 posted on 08/02/2024 5:17:00 PM PDT by Regulator (It's fraud, Jim)
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To: CFW

Government always knows whats best for the governed.


15 posted on 08/02/2024 5:18:25 PM PDT by Mashood
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To: CFW

this might be one of the big reasons chevron just announced they’re moving U.S. headquarters out of kalifornia into texas ...


16 posted on 08/02/2024 5:18:27 PM PDT by catnipman ((A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil))
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To: CFW

Do it! Please, please, please do it. So we can watch what happens. Only by complete disaster and collapse will these fools ever be revealed for the disasters they are.


17 posted on 08/02/2024 5:18:46 PM PDT by Sequoyah101 (More important than why there was nobody protecting the AGR roof, how did Crooks know that?)
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To: CFW

And in a total coincidence, Chevron is moving its entire operation to Texas.


18 posted on 08/02/2024 5:18:48 PM PDT by Orosius (“Wake America Up Again )
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To: vpintheak

Those that control the refineries (on behalf of the taxpayer of course) will have no incentive to sweeten the deal for favored businesses. No incentive to increase the price on political opponents. No incentive to stop the flow of oil to those that might cross them.

I’m sure measures will be put in place to make sure none of that icky type of stuff happens.

Yeah, this should work out great!

No wonder Chevron announced today they are moving their headquarters to Texas.


19 posted on 08/02/2024 5:19:30 PM PDT by CFW
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To: CFW

Every oil company left in California should announce their immediate closing and refuse to ship any of their products into the state.

L


20 posted on 08/02/2024 5:21:29 PM PDT by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is.p)
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