California Gov. Gavin Newsom’s recently passed law to “hold Big Oil accountable” faces more pushback in the state Legislature this week as lawmakers decide how to pay for its implementation. The governor told Californians in a video posted in January they “won’t pay a cent” for his new law to punish oil companies for last…
Newsom Proposes Raising Californians’ Electricity Consumption Tax to Investigate ‘Big Oil’
May 19, 2023
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Absurdity of California Oil Profits Tax Becoming More Obvious
Commentary It never made any sense for a businessman named Gavin Newsom, now California’s governor, to come out against profits—in this case, for the oil companies. In calling a special session of the Legislature last November, he branded it “price gouging” by “Big Oil.” Hearings last week in the Legislature showed even his fellow Democrats…
BC’s Taxpayer-Funded Climate Virtue-Signalling Continues
Commentary Due to a series of unfortunate events, including the invasion of Ukraine by Russia, there is a world shortage of affordable food and energy. How and when this will end is unknown. Everyone is affected. Those who suffer the most historically live in developing countries. But today, it is affecting nations previously thought to…
Exxon, Chevron Post Blowout Earnings; Fed’s Main Inflation Figure at 40-Year High | NTD Business
Oil companies are posting record revenues, boosted by surging prices for crude oil and natural gas. The Federal Reserve’s favorite inflation figure hits a 40-year high. How does it compare to the more reported-on number? China could be giving up its 5.5 percent GDP target for this year. One analyst labels it a failure. A Chick-fil-A…
Big Oil Execs Defend High Fuel Prices at Congress Hearing
WASHINGTON—Oil executives defended themselves in the Congress on Wednesday from charges by lawmakers that they are gouging Americans with high fuel prices, saying that they are boosting energy output and no one company sets the price of gasoline. Members of the House of Representatives Energy and Commerce Subcommittee on Oversight and Investigations grilled companies on…
Biden Waging War on Business to Fight Inflation
Commentary Big Meat, Big Oil, and Big Business are conspiring against consumers and raising prices for food and energy. This is the message that President Joe Biden, his administration, and prominent Democrats are sending to the American people as they attempt to scapegoat the private sector for price inflation surging to its highest level since June 1982….
OPEC and Big Oil’s New Best Friend, Joe Biden
Commentary The price of oil surged to $75 a barrel the other day under President Joe Biden’s green energy policies. The price was as low as $35 a barrel under former President Donald Trump because he believed in American energy dominance (“Drill, baby, drill”). So, more oil meant lower prices at the pump. It was…
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