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 ...
This idea has to be unconstitutional for a state to do. What if the owners of those refineries don't wish to sell?
Take the Chevron Richmond Refinery in California, for example. That refinery supplies products to California, Oregon, and Washington. Is the state of California going to take over that refinery and now be responsibility for the supply to the entire northwestern United States?
-PJ
check out how well that works (Venezuela)
So far, there is major shortage of refining capacity due to green meddling.
I wonder when it will turn into oversupply. I guess, never.
The petroleum boys might be able to bring in Zelenskyyyyyy’s boys to stop this pooty pooh style takeover by Newsom’s thugs.
Lol…they are worried about supply reliability and increasing prices. Yes, put the government in charge of supply and prices and watch what happens.
Steven Chu, the Energy Secretary a few years back, hoped for $10 gasoline. This sounds like their chance to get that. Why aren’t they going for that brass ring?
In fact, why isn’t $10 gasoline one of the Dem planks in their platform?
Just say NO to EV’s
They shred tires every 15-20k miles throwing particulates into the air 300% more than ICE vehicles
EV owners are selfish and uncaring about the environment and the deleterious effects on women and children...
Like Russia or China?
These pathetic commie DIMS must be removed from power.
They’re worried about what might happen.
Old ladies enabling socialism and economic ruin.
Are they that stupid to think they can run it better? Cleaner? Safer? More efficient?
Of course I'm happy, Chevron's HQ officially moves to Houston!
Secret Govt Plans:
Step 1: increase demand
Step 2: decrease supply
Step 3: take over control of all production.
Step 4: create a scape goat and blame the goat for all shortages and cost increases
Relish in your accomplishments while opponents suffer
The textbook definition of fascism.
Hunter’s got a new job, being on the board of CalPetro, or whatever they’re going to call it!
Scum.
Chevron bailed for Texas.
Everyone else will follow suit.
Newsom is destroying California at a breakneck pace.
Refineries are extremely complex amd dangerous. A govt desk jockey will blow up the facility.
government take over.........venezuela
We should let the government run the drug trade.
If the ‘government’ took over running the Sahara desert, there’d soon be a shortage of SAND!
Good luck - since all of China's air comes your way in a few days.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.