Article

2024-08-04 Economy

California Regulators Propose Gov't Takeover Of Oil Refineries To Stave Off Energy Crisis

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Posted by Fred 2024-08-04 00:00|| || Front Page|| [10325 views ] Top

#1 California is already a large net importer of gasoline having lost 10% of its refinery capacity since 2019 and about 30% since 1982.

It also is a major importer of electricity and water fwiw.

Woody Allen said the streets are clean because the garbage is made into movies.

Posted by Lord Garth 2024-08-04 00:36|| 2024-08-04 00:36|| Front Page Top

Nationalized and taken over. Manned by Todt workers (Organization Todt - OT, 1938-1945). No shortage of replacement people. Food and lodging provided on-site.

Mining and road construction positions also available.

Posted by Besoeker 2024-08-04 01:39|| 2024-08-04 01:39|| Front Page Top

#3 Albert Speer got 20 years in Spandau for picking up where Fritz left off. Some say Speer himself was disappointed he didn't hang.

Posted by DooDahMan 2024-08-04 02:29|| 2024-08-04 02:29|| Front Page Top

#4
Yep! California is taken another step towards State Socialism, by taking ownership of the Oil industry that itself has vilified for 30 years....

eg. Venezuela Nationalization of its oil industry.

eg. NY Time article how Venezuela Nationalization of its oil industry is causing Serious Environment problems now.

Posted by NN2N1 2024-08-04 04:58|| 2024-08-04 04:58|| Front Page Top

#5 So lemme see if I got this right. As EV sales surge, the demand for gas will plummet, so refineries will close, giving the remaining refineries power to raise prices even higher. Is that pretty much the story?

Posted by Bobby 2024-08-04 08:02|| 2024-08-04 08:02|| Front Page Top

#6 So, are these refineries going to be run as well as the road maintenance that they don't do?
This is gonna be epic.
I await the State of Cali suing itself over an oil spill.

Posted by ed in texas 2024-08-04 08:10|| 2024-08-04 08:10|| Front Page Top

The dinasaur in the living room is the gov't wants ownership and control of all the natural resources.

Posted by Besoeker 2024-08-04 08:16|| 2024-08-04 08:16|| Front Page Top

#8 You ain't seen nothing yet: Hollywood Mirage
How George Clooney plans to make Kamala Harris president despite everything she and her party have done - and why that should worry Americans. Op-Ed.

Posted by Grom the Reflective 2024-08-04 08:19|| 2024-08-04 08:19|| Front Page Top

#9 Great way to make sure they have NO oil refineries in a few years. You want less of something, put the government in charge of making it.

Posted by DarthVader 2024-08-04 08:46|| 2024-08-04 08:46|| Front Page Top

#10 “The State ... would ... manage the supply and price of gasoline,”

There you have it.

Posted by Mercutio 2024-08-04 09:04|| 2024-08-04 09:04|| Front Page Top

#11 California is Venezuela complete with the fleeing population.

Posted by Super Hose 2024-08-04 10:13|| 2024-08-04 10:13|| Front Page Top

#12 Well, aint that just the Socialist thing to do? Ca will slip into total failure, yes further than it is, and its getto will reach far beyond the cities,

Posted by 49 Pan 2024-08-04 10:31|| 2024-08-04 10:31|| Front Page Top

#13 All the safety conscious workers will flee, knowing how well the places will be maintained and I'd wager they all burn to the ground inside of 3 years.

Posted by Silentbrick 2024-08-04 11:00|| 2024-08-04 11:00|| Front Page Top

#14 Taking of property must be accompanied by compensation in value. Worthless unbacked California bonds do not constitute something of value.

Posted by Procopius2k 2024-08-04 13:11|| 2024-08-04 13:11|| Front Page Top

#15 Is this because Chevron just announced it is moving its corporate location to Texas? Or is it why Chevron is moving?

Posted by Glenmore 2024-08-04 15:44|| 2024-08-04 15:44|| Front Page Top

#16 If it's not a crisis yet it sure as hell will be when the government takes over.

Posted by Abu Uluque 2024-08-04 15:48|| 2024-08-04 15:48|| Front Page Top

#17 ^All part of a plan to promote EV.

Posted by Grom the Reflective 2024-08-04 15:50|| 2024-08-04 15:50|| Front Page Top

#18 California should just take over the refineries (and oil wells) and just shut them down. That will do the most good for the environment. Then everybody will have to drive EVs. /sarcasm

Posted by Rambler in Virginia 2024-08-04 16:21|| 2024-08-04 16:21|| Front Page Top

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