Here we go again. One would think a sitting US Senator would understand some market economics (and the fact that Ca. regulations and taxes artificially inflate the prices), or would at least have someone explain it to her. Alas, no
(Boston Herald) The average price in the state hit $4.668, according to AAA. Sen. Dianne Feinstein, D-Calif., called on the Federal Trade Commission to investigate, saying residents need to be protected from “malicious trading schemes.”
Feinstein in her letter Sunday asked the FTC to determine if the price spike was caused by illegal manipulation of the market and to start monitoring the market for fraud, manipulation, or other malicious trading practices.
“Publically available data appears to confirm that market fundamentals are not to blame for rising gas prices in California,” she wrote
How many times will Democrats try this meme of “Big Oil is trying to screw people”? The outcomes of investigations NEVER upholds the allegations. Even Governor Moonbeam Jerry Brown understands that this is a BS investigation, and is attempting to Do Something by allow the use of winter blend gasoline earlier than usual…..that’s right, allowing. Because the government is too heavily involved in the production of gasoline, hence, a simple power outage can spike what are already super high gas prices.
Again, I usually try and avoid the conspiracy theory websites of Alex Jones, but, they will often have revelant information, such as
What this really reveals is just how close to collapse California’s energy infrastructure really is. And it’s worse than you think, by the way: California can’t import gasoline from neighboring states because its fuel refining requirements are so stringent due to air quality control concerns.
As Nancy Rivera Brooks, the LA Times editor, explained in a recent interview:
Because we have such a clean-burning recipe for gasoline here, very few refineries make it outside California, and there aren’t pipelines that bring it into California from those refineries that can make it. When something goes wrong, you’re stuck with what you’ve got in your tank.
I bet most Californians had no idea the gasoline supply across their entire state depends on a couple of high-voltage wires feeding a single refinery in Torrance. That’s how amazingly fragile California’s energy infrastructure really is. There are no pipelines from other states! When California’s refineries go out, they’re out!
There’s nothing nefarious going on, unless one counts the idiocy of Big Government.
Just remember that it’s an election year and Di Fi has a serious challenger this year. Hence, Di Fi is shocked, SHOCKED that Democrat policies drive up gasoline prices. She must DO something about it!
“Dianne Feinstein Wants Investigation of High California Gas Prices”
I investigated it, and they are high. Tell Dianne this investigation is on the house.
I just investigated too, and found out that the state of california and it’s coastal waters have more oil than most Arab countries, but refuses to help themselves help their citizens, so f em. They tax the crap out of their oil and gas sales and regulate the stuff to death as well, which makes me think that they HATE the people in their own state, and are begging business owners to pack up and move out.
My investigation was quite simple to do- wonder why Di Fi can’t figure it.
I forgot to mention the fire at their Chevron refinery in Richmond, and the fact that due to regulations, the state cannot bring in ANY gas from other states because they KILL their refiners with restrictions, and no other state has gas that can pass muster.
My husband once worked for Chevron. We almost moved to CA when an opening at Chevron in Richmond was posted- glad my husband and I thought better about living and raising our kids in California.
uhhh Trish the government of California is elected by its citizens, they get the government they elect. Sorry that it doesn’t passs muster with you, if only an elite ran government instead of it being an elected one I am sure you would be much happier
Hahahaha, just because a state is over-run by bleeding heart liberals mired in a false environmental state of mind, does not mean I want any such “elite” government..
I agree whole heartedly they get what they deserve, it is for the few and far between sane folks I give a darn.
And I agree whole heartedly in an elected goevernment, even when the people are too dumb to know what is good for them. The beauty of the USA.
“they get the government they elect ….”
Exactly, so people like Di Fi and all the other liberals complaining about high gas prices in California should STFU and deal with the consequences of their own poor choices.
Let me get this right: A Democratic Senator who’s party has been in control forever it seems, and who’s ObamaCare policies have created artificial shortages and mass unemployment now want’s an investigation into what went wrong ?
Hahahahahahahahaaaa!!!
As a stupid person, I didn’t read the article so I don’t know if what I am going to blather is even in there or not, but it was mentioned on the hate-filled racist radio that she is also pushing the FTC to create a commission to STUDY why the price of gas is where it is.
One radio talker commented on what is the purpose of a commission that would have no power. So naive. The next step would be to give it power like the Dems want over oil companies.
First stop, nationalize one or more car companies. next step, nationalize one or more oil companies.
Their hero Chavez did it. And Obama loves Chavez.