quote:

Originally posted by satch:
Sooner or later the Pols., will use this as a reason to blame the Oil Companies instead and not all the taxes and special blends the Gov. has added over the past decades. In other words CYA.

Right!
I'd love to see public hearings. As JHE suggests, it would be fun to watch.

quote:

They probably don't want to put a Shell executive in the witness chair and ask her why it costs more for gas in Cali.
It would be funny of they did.

If things keep going as they are in California:

1. California will continue to mandate special expensive special blends of gasoline.
2. California will continue to tax petroleum products at a high rate.
3. California will eventually set "pain-at-the-pump" price controls on petroleum products.
4. Between the first two and the third factors, private producers of petroleum will be driven out of the market (no profit margin between price-controlled prices, taxes, and expense to produce state-mandated blends).
5. One of two things will then happen: CA domestic refineries will shut down completely (followed by short-lived celebration), but petroleum products will continue to be imported, only at a much more expensive price; or, the state will take over petroleum production as it did in Venezuela (yes, socialism, which might be what politicians are hoping for?).

^^^ At which point we'll see oil derricks off of Huntingdon Beach because, you know, rich people suck?

quote:

Originally posted by Il Cattivo:
^^^ At which point we'll see oil derricks off of Huntingdon Beach because, you know, rich people suck?

The problem with taxing rich people is that they usually have the resources to relocate themselves and their assets. It's unfortunate that we have this pesky Constitutional right to travel. If only California could first pass a law that prevented rich people from moving, and then tax them to to death.

You might say that CA's immediate problem isn't it's supply of petroleum, it's its supply of politicians.

quote:

Originally posted by LDD:
You might say that CA's immediate problem isn't it's supply of petroleum, it's its supply of politicians.

Unfortunately, that is not CA’s immediate problem, it is a symptom of CA’s immediate problem. CA’s immediate problem is an excess of libtard / moronic (but I repeat myself) voters.

When in the height of the credit market lockup CA’s moronic voters approved an ill-defined proposition that allowed the to do an 8 BILLION dollar bond issue for water when all those wankers have ever done with that sort of money is either buy land or buy easements, in either case reducing the property tax base, and not allocate one dollar to water treatment, storage, or conveyance, you knew the CA voters were probably blithering idiots.

When in 2016 CA’s libtard / moronic voters defeated proposition 6 (which would have rolled back an additional fuel tax the legislature had passed and require voter approval for any fuel tax increase), you knew that to call CA voters blithering drooling idiots would be unfairly derogatory toward drooling blithering idiots.

The atrocious fecal stains that are CA politicians are only there because the outrageously idiot CA voters put them there.

The kids can’t graduate High School fast enough...