Posted on 12/05/2022 2:59:55 PM PST by Oldeconomybuyer
SACRAMENTO, Calif. (AP) — At Gov. Gavin Newsom’s prompting, California lawmakers kicked off a special legislative session on Monday to consider punishing big oil companies for their supersized profits during a time of record-high gas prices — the start of a likely lengthy process that will test the liberal Legislature’s resolve in the face of fierce industry opposition.
California lawmakers briefly returned to the state Capitol on Monday to swear in new members and elect leaders for the 2023 legislative session. But this year, Newsom also has called lawmakers into a special session for the purpose of approving a penalty for oil companies when their profits pass a certain threshold and then returning the money to drivers.
It could be a popular proposal with voters, who have been paying more than $6 per gallon of gasoline for much of the year. But the big question is how the measure will be received by California lawmakers, especially because the oil industry is one of the state’s top lobbyists and campaign donors.
But Newsom appears ready for the fight. In an unusual move, he attended the swearing-in ceremonies for lawmakers on Monday. When the session began, though, he had not yet revealed the oil profits legislation, and lawmakers likely won’t begin deliberations on it until January.
(Excerpt) Read more at apnews.com ...
classic Kalifornia democrat smoke and mirrors BS criminal ploy
Newsome practicing his dictatorship skills for when he runs and perhaps becomes president.
Communists who are not currently branded as communists, can get away with anything, thinking that nobody is looking or noticing.
These idiots are responsible for the record prices and now want to tax them more? What morons.
Sooooo... oil companies should quit selling gas in CA.
Hey gav
You want cheap gas
for Cal citizens ?
Drop the Cal State gas tax.
Or let the drilling open back up.
Moron.
.
Big oil should just pull out of California.
No problem Gavin. See ya later ass-ole.
Well I suspect they think this way:
Why do the oil companies need large profits when we’re no longer going to allow them to explore for oil? No need to invest in the future.
People by Nature are notoriously shortsighted. But Communists like the ones running California take it to an unheard of level.
supersized profits during a time of record-high gas prices
These scumbags created the problem they are accusing the oil companies of doing, typical marxists
IF they drive Oil and Gas Companies out of business, then so be it (from their perspective) - then folks will not have freedom of movement, which they hate more than life itself.
You got it. Anyone wanting gas will have to ship it themselves.
Price controls are coming. Then shortages. Dejavu all over again.
“Gas prices focus of special California legislative session...”
Yeah, democrats trying to figure out how to make prices go higher.
Then they’ll be bound to the land, and since guns will be outlawed, dependent on the lord of the realm for protection. Will he have jus prima noctae?
My Democrat-voting neighbors on either side LOVE to tool around in their vehicles.
They're always coming and going, all the live-long day.
They should do what the EU tries with Russia. Don’t pay anymore than a $1:50 per gallon and see how well it worked with Putin 🤪
Now I understand the constant youtube ad that features a sad looking black woman holding a child that is wearing an oxygen mask. The ad states heatwaves caused the child to be hospitalized three times this year.
The screen then turns black with just the smiling white face of the ceo of some oil company with text saying how much money the company made last year.
That was the first white guy I’ve seen in an ad on youtube in a long while.
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