San Francisco’s billionaire environmental activist and Democrat mega-donor Tom Steyer joined a group of consumer advocates supporting a California Senate investigation to determine if an “oligopoly” is the reason the price of California regular gasoline at$3.19 a gallon is $.78 higher than the national average, the Sacramento Bee reports.
Given that the policies and taxes advocated by the oligopoly of Democrats, environmentalists and consumer advocates that Tom Steyer leads has resulted in California oil production falling by one-third in the last 7 years, it should not be complicated to understand why California pay the most ……
…. Steyer knows that in 1920s, California was the largest crude oil producer in the U.S. and the world. When Vice President Al Gore convinced the Democrat Party in 1995 to oppose fossil fuels based on the planet running out of the commodity, 92 percent of the crude oil for California refineries came from California and Alaska, while only 8 percent of crude supply was imported. But when Steyer left Farallon in 2012, about 40 percent of California’s oil supply was imported, mostly from Saudi Arabia and Iraq.
Last year, the U.S. experienced the largest annual increase in crude oil production for any country in history and production doubled in the last 7 years. But California’s production uniquely was unchanged last year and is down by a third in the last 7 years. …….
…. The lack of local crude oil supply is providing an opportunity for railroads to make fortunes shipping 100-tank-car oil trains loaded with crude 2,000 miles from North Dakota’s Bakken Field to California for $17 a barrel. The rate is about 2.5 times higher than the normal rail rates for liquids, due to the higher danger from fiery accidents.
Tupper Hull, a spokesman for the Western States Petroleum Association responded to Steyer’s letter, according to the Bee: “We have a sheet of several dozen investigations over the last 25 years, and they all reach the same conclusion: This product [gasoline], like other very competitive commodities, is quite sensitive to supply and demand imbalances. And when there are imbalances, the market responds very quickly and very decisively.”
Steyer and Senate President Pro Tempore Kevin de León are leading interest groups that are demanding greenhouse gas reduction legislation that would reduce petroleum use in cars by as much as 50 percent by 2030. Steyer has also threatened to fund an oil-extraction tax to force petroleum users to cut back usage.
Tom, if you’re really questioning why gasoline is so high in Cali, then, you’re a moron.
Yes, it’s a conspiracy that gasoline prices are up in Cali, and Tom, you’re part of it. Maybe you’re a useful idiot for them or, maybe you actually know better. I don’t know. But, I do know you’ve actively worked to make it harder and worse for the people in California. I’d be all pissy about it, but, the people of California deserve exactly this. It’s really going to suck for you all when Saudi decides to quit pumping like crazy.