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Newsom pushing for special session to impose fines on oil companies' profits

Posted on 12/5/22 at 3:40 pm
Posted by WPBTiger
Parts Unknown
Member since Nov 2011
30866 posts
Posted on 12/5/22 at 3:40 pm
LINK

quote:

The California legislature is set to convene in a special session Monday called by Gov. Gavin Newsom, who is urging lawmakers to impose fines on oil companies' profits when they reach a certain level in an effort to combat the state's high fuel prices.

Newsom announced the special session last week, accusing energy firms of price gouging while pointing to record-high profits in the industry amid a surge in gasoline prices in the fall.
Posted by Herschal
Land of the Free
Member since Sep 2011
1508 posts
Posted on 12/5/22 at 3:40 pm to
What a great idea.

What could possibly go wrong?
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
38723 posts
Posted on 12/5/22 at 3:43 pm to
quote:

impose fines on oil companies' profits when they reach a certain level in an effort to combat the state's high fuel prices.


That's not how it works... Like, at all.
Posted by momentoftruth87
Member since Oct 2013
71141 posts
Posted on 12/5/22 at 3:44 pm to
Yeah they are retarded, legitimately
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
259875 posts
Posted on 12/5/22 at 3:45 pm to
quote:

who is urging lawmakers to impose fines on oil companies' profits when they reach a certain level in an effort to combat the state's high fuel prices.
Posted by burke985
UGANDA
Member since Aug 2011
24594 posts
Posted on 12/5/22 at 3:45 pm to
These mother frickers just talk out their arse and hope something sticks
Posted by MMauler
Member since Jun 2013
19216 posts
Posted on 12/5/22 at 3:46 pm to
The Commerce Clause would like to have a quick chat with Lil' Gavin.
Posted by bayouvette
Raceland
Member since Oct 2005
4714 posts
Posted on 12/5/22 at 3:48 pm to
Just give them what they want and ban any fossil fuel sales to them
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10382 posts
Posted on 12/5/22 at 3:49 pm to
Why are we worried about the pennies of profit made by individual oil companies when Apple made $100 billion NET PROFIT last quarter?
Posted by Figgy
CenCal
Member since May 2020
7153 posts
Posted on 12/5/22 at 4:05 pm to
I only live here I didn't vote for these loons.
Posted by BAMBAM
Biloxi, MS
Member since Mar 2008
2364 posts
Posted on 12/5/22 at 4:05 pm to
They want this Mfr to run for president lol
Posted by BobBoucher
Member since Jan 2008
16712 posts
Posted on 12/5/22 at 4:23 pm to
Deflection at its best. I pity the fools that fall for this crap.
Posted by alphaandomega
Tuscaloosa
Member since Aug 2012
13489 posts
Posted on 12/5/22 at 4:34 pm to
quote:

Newsom announced the special session last week, accusing energy firms of price gouging while pointing to record-high profits in the industry amid a surge in gasoline prices in the fall.


The oil companies should announce they will no longer be selling their dirty fossil fuel in California.
Posted by Nosevens
Member since Apr 2019
10231 posts
Posted on 12/5/22 at 4:34 pm to
Obviously this is to tax because you cannot fine a company on making too much money. Being singled out should be enough to thwart as there is plenty of more profitable companies than oil companies. This is probably SC bound as illegal as well
Posted by GumboPot
Member since Mar 2009
118636 posts
Posted on 12/5/22 at 4:37 pm to



Please do it.
Posted by LSUBadger
Member since Jan 2014
2238 posts
Posted on 12/5/22 at 4:49 pm to
They don t want any drilling there. It can’t be shipped to them unless it is on a US flagged ship. BTW. There are no US flagged oil tankers. They don’t want pipelines. They want to close refiners

I wonder why gas is so expensive in California and why the companies that do sell there are making a mountain of cash?

Stupid Marxists.
Posted by Cobra Tate
Dubai
Member since Nov 2022
991 posts
Posted on 12/5/22 at 4:54 pm to
And this guy is almost a lock to get voted into the WH in 24
Posted by mauser
Orange Beach
Member since Nov 2008
21425 posts
Posted on 12/5/22 at 5:29 pm to
Will be do that to the Hollywood entertainment industry?
Posted by LSUgusto
Member since May 2005
19222 posts
Posted on 12/5/22 at 5:35 pm to
Or the tech industry?
Posted by John McClane
Member since Apr 2010
36666 posts
Posted on 12/5/22 at 6:24 pm to
Literal fascism.
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