As in Venezuela So in California
Venezuela has the largest oil reserves on earth. Yet it has long suffered from energy shortages. This is because its socialist rulers nationalized the oil industry — which brings us to California:
Fresh on the heels of Gov. Gavin Newsom’s emergency legislative session that blamed corporate greed and price gouging for the state’s absurdly high gasoline prices, the state is seriously considering a government takeover of the state’s refineries.
Oil companies are already pulling out of the erstwhile Golden State due to the punitive regulation that along with excessive taxation is the actual cause of the high gas prices:
Phillips 66 announced its plan to shutter its Los Angeles operations and eliminate a total of 900 jobs (employees and contractors). …
Chevron — a company that has operated continually in California since 1879 — announced that it would move its corporate headquarters to Texas.
California Democrats are also liable to inflict looting and lawfare in the name of their insane anti-energy ideology:
The state’s lawsuit blaming oil companies for climate change doesn’t help, either. Consider this language from Attorney General Rob Bonta: “Big Oil continues to mislead us with their lies and mistruths and we won’t stand for that. Their ongoing egregious misconduct is damning. We will continue to vigorously prosecute this matter and ensure that Big Oil pays to abate the harm they have caused, and we will recover ill-gotten gains that will benefit Californians.” Would you do business in a state with this attitude toward your industry?
Likewise, would you trust moonbats who regard fossil fuels as inherently evil to run refineries after they have driven oil companies out?
On a tip from R F. Hat tip: Hot Air.
YOUR SUPPORT IS APPRECIATED
Donations buy time to produce more content. If you enjoy this site, please consider donating through PayPal by clicking the button below:
[…] post As in Venezuela So in California appeared first on […]