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Gov. Gavin Newsom signs watered-down oil profit penalty into law

Original post made on Mar 31, 2023

Gov. Gavin Newsom signs an oil profits penalty plan that is supposed to keep California gas prices under control. The oil industry says it will closely watch the regulations.

Read the full story here Web Link posted Thursday, March 30, 2023, 2:20 PM

Comments (3)

Posted by Joseph E. Davis
a resident of Woodside: Emerald Hills
on Mar 31, 2023 at 11:16 am

Joseph E. Davis is a registered user.

California's government continues to pile layer upon layer of red tape and interference in the economy. It's a recipe for stagnation/decline and increased costs. I find it hard to understand why anyone would want to be in the oil business in California.


Posted by Parent of Los Lomitas and La Entrada grads
a resident of Menlo Park: Sharon Heights
on Mar 31, 2023 at 12:44 pm

Parent of Los Lomitas and La Entrada grads is a registered user.

I'm very disappointed in Governor Newsom

Why just limit the profits of the evil oil companies?

let's make gasoline free!

. . . and also repeal the law of gravity, please

thank you


Posted by Menlo Voter.
a resident of Menlo Park: other
on Mar 31, 2023 at 6:54 pm

Menlo Voter. is a registered user.

"I find it hard to understand why anyone would want to be in the oil business in California."

Because it is still very profitable.


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