• Privacy Policy
  • About Us
  • Contact Us
Climate Change Dispatch
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
Climate Change Dispatch
No Result
View All Result

California Blames Big Oil For Gas Price Spikes, Wants Even More Regulations And Fines

by Kevin Killough
August 19, 2024, 8:50 AM
in Energy, Lawfare, News
Reading Time: 4 mins read
A A
2
Share on FacebookShare on XwitterShare on Linkedin

newsom big oil bill signing

California’s Gov. Gavin Newsom has a new plan for how his state can avoid gasoline price spikes — more regulation. [emphasis, links added]

Newsom’s proposed rule would require that petroleum refiners in his state maintain a minimum fuel reserve to prevent shortages that cause higher prices.

In an announcement on the proposal, Newsom blamed oil companies for high gasoline prices and promised further regulation of the industry would solve the problem for residents of the state.

“Price spikes at the pump are profit spikes for Big Oil. Refiners should be required to plan ahead and backfill supplies to keep prices stable, instead of playing games to earn even more profits. By making refiners act responsibly and maintain a gas reserve, Californians would save money at the pump every year,” Newsom said in a statement.

The California Energy Commission (CEC) found that in 2023, there were 63 days in which the state’s refiners were maintaining less than 15 days of supply.

If the regulations had been in place at the time, according to the CEC, Californians would have saved as much as $650 million in gas costs.

In his announcement, Newsom claimed that by holding “Big Oil accountable,” Californians this summer spent an estimated $728 million less on gasoline than they did in the summer of 2023.

The newest proposal would impose penalties on refiners who don’t maintain the mandated supply.

California has a history of anti-fossil-fuel policies and attacking refineries in the state for allegedly causing high gas prices.

According to AAA, the state has the second highest average gas prices behind Hawaii.

Meanwhile, Texas, which has a comparably friendly regulatory environment for oil and gas, has the third lowest gasoline prices in the U.S.

In his announcement, Newsom boasted of calling a special legislative session and signing into law a package of “reforms” that held oil companies accountable for gas prices.

He pointed to state agency investigations that further blamed refiners for “suspicious transactions” and failing to prepare for maintenance outages.

“The data is clear: oil refiners have been racking up profits by planning maintenance that reduces supply during our busy driving seasons,” Tai Milder, director of the Division of Petroleum Market Oversight, said in Newsom’s statement.

According to Doomberg, a group of analysts who post their writings on the group’s Substack, in the past 40 years, the number of operating refineries in California has fallen from 43 to just 14, a 67% reduction. Meanwhile, total California refining capacity dropped by 33% over the same period.

“Onerous regulatory burdens have forced small operators, which produce fewer gallons to absorb such costs, out of the market. Over time, this has left considerable market share in the hands of a small number of large players, who effectively operate in an isolated oligopoly,” the Doomberg analysts explained in a piece last month.

When In Doubt, Nationalize!

Earlier this month, the CEC, fearing that the remaining nine refineries in the state might close, proposed that the California state government take over and operate the facilities.

The CEC had determined that, despite the state’s efforts to force Californians into electric vehicles, “gasoline demand will remain above two hundred thousand barrels per day (TBD) at least through 2035 if not longer.”

The CEC report predicted that demand declines would cause refineries to close.

The report argued that “harmful industry conduct will be amplified by bad actors acting anticompetitively” with fewer refineries in operation.

Therefore, it was in the state’s interest to purchase and operate the refineries itself, the CEC proposed.

While the Newsom administration continues to treat oil companies as “bad actors” and regulate accordingly, oil companies are fleeing the state.

Chevron announced earlier in August that it’s moving its headquarters to Texas. It’s just one of many companies leaving the state.

Chevron CEO Mike Wirth told the Wall Street Journal that the move was the result of the state’s regulations, which Wirth said, “raise costs, that hurt consumers, that discourage investment.”

Chevron’s origins, according to energy analyst David Blackmon, can be traced back to the founding of the Pacific Coast Oil Company in California in 1879.

Newsom’s latest proposal may drive even more companies away, oil and gas experts say. Catherine Reheis-Boyd, president and CEO of the Western States Petroleum Association told The Sacramento Bee that Newsom’s latest proposal for refineries is “regulatory malpractice” that will further harm the industry.

She said the proposal is based on “falsehoods” and “ignores the logistical challenges and costs associated with such a plan.”

Read more at Just The News

  • Truth
  • Twitter
  • Facebook
  • LinkedIn
  • Gettr
  • Threads
  • gab-logo Gab
  • Mastodon
  • Buffer
  • Telegram
  • Email
  • Copy Link
  • Share Using More Networks…
Share via
  • Facebook
  • Like
  • Twitter
  • Pinterest
  • LinkedIn
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Skype
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky

Join our list

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

We respect your privacy and take protecting it seriously

Related Posts

Energy

Geothermal Gold Rush: U.S. Digs Deep To Power the Future

May 15, 2025
Energy

Trump Dismantles Biden’s Climate Legacy While New York Chases Green Delusions

May 14, 2025
Energy

Trial Lawyers To Swamp Louisiana Energy Sector With Climate Lawfare After Chevron Verdict

May 14, 2025

Comments 2

  1. Col Harkin says:
    9 months ago

    I find it incomprehensible that Gov. Newsom has completely ignored market issues such as competition (would any oil co, allow their stocks to go down so their competition can gain market share?) and also fails to mention refinery equipment issues with are always a concern for operators. Where there’s a lot of heat and pressure, things tend to break down when it’s least expected? And – there’s curd oil supply issues to deal with. Perhaps the right grade of crud hadn’t arrived in time from Venezulea? (Biden’s idea of a good deal)

    I’ve read previously that Chevron is leaving CA after being there for 140 years and that is to be expected. When all refineries in California are closed, what will the Gov, do then?

    Voters in this state need to review their ideas regarding which side of politics is best for the;m.

  2. Spurwing Plover says:
    9 months ago

    Governor Nuisance is a total idiot just like Moonbeam Brown and Biden the Blunder politics not science is their creed and like all Demon-Rats they look for scapegoats

Stay Connected On Social Media

gab-logo

Donate Today

Beating back the alarmist narrative takes time and money. Please donate today to help!

Recent Posts

  • Geothermal PlantGeothermal Gold Rush: U.S. Digs Deep To Power the Future
    May 15, 2025
    America is racing to unlock geothermal energy using shale-era tech — and it could power AI, homes, and industry while cutting reliance on China. […]
  • mississippi floodingDebunking The Weather Attribution Theater Playbook
    May 15, 2025
    The media exaggerates climate change flooding in the Mississippi Valley, ignoring peer-reviewed science for so-called attribution science. […]
  • the climate change graph that liedExposed: The Global Warming Graph That Duped The World
    May 15, 2025
    This viral video exposes the truth behind the iconic climate change graph used to justify extreme policies and global warming panic. […]
  • gov kathy hochulTrump Dismantles Biden’s Climate Legacy While New York Chases Green Delusions
    May 14, 2025
    As Trump unravels Biden’s costly climate agenda, New York doubles down on its net zero fantasy despite no federal backing and no workable plan. […]
  • Hurricane WindsThe Media Hype Extreme Weather—But Data Tells A Different Tale
    May 14, 2025
    Despite rising alarm over extreme weather, Americans are safer than ever from natural disasters thanks to better forecasting, buildings, and tech. […]
  • gavel earth money courtTrial Lawyers To Swamp Louisiana Energy Sector With Climate Lawfare After Chevron Verdict
    May 14, 2025
    A $745M verdict in Louisiana's Plaquemines Parish kicked off a wave of lawsuits that could gut the state's energy sector under the guise of eco justice. […]
  • north sea wind farmBritish Energy Boss Says Net-Zero Grid Won’t Lower UK Electric Bills
    May 14, 2025
    British Gas CEO says a net-zero grid won't cut UK electricity prices, contradicting Labour’s savings claim and sparking fresh energy policy debate. […]
  • corn field sunAfricaNews Blames Climate Change for Nigeria’s Drought, Ignores Real Factors
    May 13, 2025
    AfricaNews blames climate change for Nigeria’s drought, but poor water management, deforestation, and overuse are the real, overlooked culprits. […]
  • Chris Wright Fox NewsEnergy Department Axes 47 Rules Targeting Appliances, Buildings, and DEI
    May 13, 2025
    Trump’s Energy Department scrapped 47 rules targeting appliances, buildings, DEI, and energy that gut Green New Deal mandates and lower prices. […]
  • protest climate system changeDivided High Court Ruling Lets Boulder’s Climate Lawsuit ‘Limp Forward’
    May 13, 2025
    A narrow Colorado Supreme Court ruling allows Boulder’s climate lawsuit to stagger forward, even as similar cases nationwide get tossed. […]

Get Instant Email Notifications

Enter your email address to receive notifications of new posts by email either instantly or daily. Check your Junk folder for any verification emails upon subscribing.

Submit a tip

Please enter your email, so we know you're human.

Books We Like

very convenient warming

exposing great lie

Have a suggestion? Let us know! We swap out books based on your input. We participate in the Amazon Services LLC Associates Program. See here.

  • About
  • Privacy Policy
  • Contact Us

© Portions copyright Climate Change Dispatch

Share via
  • Threads
  • gab-logo Gab
  • Mastodon
  • Buffer
  • Telegram
  • Email
  • Copy Link
  • Share Using More Networks…
No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us

© 2025 Climate Change Dispatch