How do you make your state totally dependent on oil from countries like Venezuela?
The governor of California just figured out a way to eliminate all the oil refineries in California. This man comes up with some of the most craziest ideas known to mankind. This from KTLA5.
On Thursday, Gov. Gavin Newsom announced a new proposal that would require oil refineries to keep a minimum supply of fuel reserves in hopes of avoiding future supply shortages and price hikes for consumers.
The governor’s plan would direct the California Energy Commission to require petroleum refiners to follow the new guidelines. The governor hopes the proposal will help keep supply and prices stable even when refineries undergo maintenance.
Penalties would be imposed on refiners who fail to follow the new guidelines. So what happens to prices when you no longer have an oil industry?
