Jamie Court says it shouldn't have an impact. The new law we just passed for refineries doing business in the state requires them to have a plan with having a resupply so it should not have any impact on the price consumers pay at the pump.
Governor Newsom just signed a new bill into law which would mandate refiners to hold a certain amount of extra product in case things went off-line and Phillips saying it has nothing to do with that.
According to documents obtained by seven on your side investigates and Consumer Watchdog the San Francisco environment department, which oversees the bottle bank program, budgeted more than $1.4 million last year, and the money projected for this year, roughly 841,000, has nearly run out.
The new law requires oil refineries to have to keep a minimum inventory of fuel to avoid shortages, and authorizes the california energy commission to require refineries to have a plan when they have maintenance outages and to have a backfill of supply. The hope is with a constant minimum of gas and storage at all times, when refineries go offline, there would be enough gas to avoid price spikes.
https://www.youtube.com/watch?v=gwVwBOOOF6E
Jamie Court says there there's no question in 2022 to 2023, oil company profits were higher than they've been in the last 20 years, so for them to say...
https://www.youtube.com/watch?v=syWGlpRlKiU
Jamie Court says they're shipping our gas to guatemala and el salvador, where they don't need our environmentally sensitive fuel. When they do that, it drives up the gas available for California and they charge...
CW president, Jamie Court, says gas prices in California are $1.76 per gallon higher than the U.S. gas prices, and oil companies already doubled their profits this year.
Liza Tucker says despite the senate bill 1137 being put on hold, she believes the state's geologic energy management division can still deny these approvals.
Consumer Watchdog's Energy Advocate, Liza Tucker, explains how Boeing's Santa Susana field lab just northeast of Los Angeles poses potential health risks to people nearby.
The bill would give Californians the ability to set a penalty level in which the oil refineries would pay a penalty for making too much off their per-gallon profits, the gross refining margin.
President of Consumer Watchdog, Jamie Court, speaks about Governor Gavin Newsom's deal with the legislature to enact a price gouging penalty on big oil companies.
