Sen. Dianne Feinstein (D-Calif.) says federal regulators need to investigate whether gasoline companies are illegally coordinating price increases in California. Feinstein wants the Federal Trade Commission (FTC) to probe gasoline wholesalers after prices for a premium blend of gasoline shot up 97 cents per gallon last week. She says gasoline traders might have maliciously shorted the market, a claim those traders denied. Specifically, Feinstein wants the FTC to create a permanent oversight committee to monitor oil markets and gasoline prices. She also wants the FTC to enhance its gasoline and oil market data collection and analysis.
Comments: Just what we need another "investigation" and a permanent oversight committee to monitor oil markets. s/o They will never admit their actions are the cause of this disaster with the high gas prices. It's just outrageous.
Anyone with 1/2 a brain knows why CA has such high gas prices...and why they shot up so fast over the last week. Think it's time Sen Feinstein retires from the senate and spend a bit more time in CA so she knows what is going on. She is way out of touch.
The Demon-RATS in the Cubaforniaction legislature and the Demon-RAT governor passed ridiculous envirnomental legislation without thinking of what might happen if one of the few approved refineries had an emergency and shut down.
Now they are reaping the ''rewards'' for their feel-good extremist environmental lunacy. The people of Cubafornication have nobody but themselves to blame for electing moonbats and other lie-beral nutcases to govern them.
Day after day, Pelosi just proves herself to be a evil senile idiot that hates this country and God more and more every day...
So how did Gov. Brwon deal with the "crisis"? He waived the restriction on the start date when the refineries could begin selling the "winter" blend. It won't happen, but I wish that the oil companies would explain the artificial constraints on supply and demand placed on industry by the gov't. Maybe this can be handled by a nice short instructive viral video from the alternative media.
Before they quit drilling, CA was the number 2 state in oil production. They have major reserves just offshore (shut down since a blowout decades ago) and massive tight oil in the source rock below all the producing fields.
Their current crisis is brought about by production problems in 2 refineries and the fact that they California standards for gasoline grades that don't match those of other states. They haven't added a refinery in decades and since they aren't actively drilling, there is no need.
Any state this stupid ought to be paying $8 a gallon.
Feinstein does this every time prices go up. She is as stupid as day old bean dip. Seventy-nine years old and running again. She refuses to debate her republican opponent for fear of being embarrassed or believes she has the election locked up. Either way it`s political hubris. The people of Calif. are being ill served by Feinstein and Boxer but refuse to make a positive change.
There was nothing in the article about the fire at the Chevron Richmond refinery or the reports that Chevron plans to close it permanently. That's a significant fraction of California's gasoline supply gone. And, as others have noted on this thread, overly-strict EPA regulations have made it very hard to open a new refinery in the US, particularly in California. Di Fi is grandstanding. (Ignore the man behind the curtain. Obamanomics has nothing to do with it.)
Perhaps we should heed Colonel Obama's attacks on Exxon and the oil industry by having public executions of industry executives. Think back to the Liberian beach where the soon to be dictator army sergeant had members of the overthrown government tied to posts embedded into the sand. These elected officials were dispensed with in a show of righteous indignation. Senator Feinstein could offer the execs a blindfold but, of course, not a last cigarette.
What should be investigated is the California state legislature, which passed environmental-whacko regulations on the gasoline formula, which only a few refineries in California produce. It's a matter of supply and demand, and the supply is choked by regulations passed by the state legislature. For this, the Democrat senators and assemblymen responsible should be frog-marched out of Sacramento-- or, in my opinion, be put before a firing squad.
This is the new normal. The guvamint creates the ridiculous market conditions through choking off production, refinement, and transportation of oil, and when those things work as well as planned and the prices skyrocket, they blame the oil industry for being greedy and price gouging. $6/gallon by November 6th. Blame Obama then.
Routine stuff from Feinstein, blame someone else. Probably written by her staff or sent over from the DNC.
Outsiders may not realize how thoroughly the Democrats control CA. In most states the minority is a contender and has some chance of braking at least the craziest of the majorities schemes. That is not true in Ca.
CA agencies totally control the gasoline mixtures and the supply chain.
Yet now, when the gasoline supply falls and prices rise, the Democrats rush to blame others.
The price and supply problem is understood. A huge fire at Richmond and problems at the Torrance refinery.
In California, everything bad comes from Sacremento, LA and San Francisco - dim strongholds and the stupid residents of those cities like it that way. Makes them feel special. Outside of those places, the dems never win. I loved living in CA but we lived in none of those places and the climate was perfect and we had decent people running things in the city I lived in.
Reading this Detroit News story about the tale of a $1 million dollar check that ended up in a desk drawer for a month before being deposited, I tried to imagine what the city employee was thinking when they so casually and negligently dealt with Detroit’s money. I came to the conclusion that the employee wasn’t thinking — period. As the story makes clear, city employees, their managers, on up the chain to their political masters — all have embraced a dysfunctional mindset where they believe the problems of the city are so immense,
Anthony Weiner’s campaign fund-raising has virtually dried up since revelations of a sexting relapse rocked his bid for mayor. Weiner (inset) received an average of just $1,897 a day in donations since the new sexting scandal erupted July 23, campaign finance records released Friday show. That’s a trickle of the $16,434 he received each day, on average, in the 50 days after launching his run for mayor on May 22. The records also show that Weiner’s wife, Huma Abedin, collected no money on his behalf
Because a media that should be in competition with one another instead protects one another, there is no mention of CNN chief Jeff Zucker´s connection to Cory Booker´s online start up in this MSNBC piece. But when you have MSNBC fretting that the stench around a company attached to a Democrat rising star stinks, it is worthy of note: If Aaron Sorkin were to craft a movie about Newark Mayor Cory Booker, you can bet that Waywire, Booker’s controversial technology start-up, would provide a cautionary tale for the mayor’s voracious ambition.
Despite political pressure from both sides of the aisle, there are talks happening behind the scenes that may lead to an unlikely team working together to produce this controversial Hillary Clinton miniseries. The New York Times´ Bill Carter reports the "odd" team of NBC and Fox Television Studios are in early talks to co-produce the four part Hillary Clinton miniseries, released in 2016 ahead of a yet-to-be-announced presidential run, that network chairman Robert Greenblatt announced last week at a Television Critics Association panel. The Hollywood Reporter says this is happening, too. Neither company seems to care about
Ames, Iowa — Representative Steve King (R., Iowa) says he’s “enjoying” his job, but refused to rule out a presidential bid in 2016. King, whose upcoming visit to early primary state South Carolina ignited talk that he might be thinking about the presidency, tells National Review of 2016, “I haven’t ruled anything in or out. I’m enjoying my job.” “I’ve watched here as any member of the house or senate that sets foot on Iowa soil … [it] starts a rumor that they’re running for president. And I’ve been coming back here to Iowa over and over again,
There’s still a real chance that the Captain Schettinos of the House Republican brain trust will rescue Obama’s presidency by passing an amnesty. But some in the open-borders crowd are getting nervous about John Boehner’s ability to achieve Obama’s objectives. Their fear is that this session of Congress will end with no amnesty bill on the president’s desk, or with one whose criteria they consider too draconian. Their fallback strategy? Have Obama amnesty the illegal population by administrative fiat.
Senate Majority Leader Harry Reid of Nevada said Friday that Obamacare isn´t the final word in government health care reform, it´s just a big step toward the real solution, which is a single-payer system. The Las Vegas Sun reports that Reid made that statement during an appearance on a Nevada PBS news discussion program: "Reid said he thinks the country has to ´work our way past´ insurance-based health care during a Friday night appearance on Vegas PBS´ program Nevada Week in Review. "´What we´ve done with Obamacare is have a
Over the last few days, militant atheist author Professsor Richard Dawkins has caused an uproar with a Tweet that transcended the bounds of Twitter and made it into the (mostly British) mainstream media. Dawkins tweeted: “All the world’s Muslims have fewer Nobel Prizes than Trinity College, Cambridge. They did great things in the Middle Ages, though.” I had once considered tweeting something similar — that the inventions of Jewish doctors had saved more Islamic lives than all the imams in history put together — but
Americans renouncing U.S. citizenship surged sixfold in the second quarter from a year earlier as the government prepares to introduce tougher asset-disclosure rules. Expatriates giving up their nationality at U.S. embassies climbed to 1,131 in the three months through June from 189 in the year-earlier period, according to Federal Register figures published today. That brought the first-half total to 1,810 compared with 235 for the whole of 2008. The U.S., the only nation in the Organization for Economic Cooperation and Development that taxes citizens wherever they reside, is searching for tax cheats in offshore centers,
The IRS official in charge of the exempt organizations office in the Cincinnati branch at the time conservative groups applying for tax-exempt status were unfairly targeted just got a promotion. Cindy Thomas has been appointed to the senior technical adviser team for the Director of Exempt Organizations. Thomas, a 35-year IRS veteran, will fill the spot vacated by Sharon Light. Light, a one-time close adviser to Lois Lerner, is the sixth senior IRS official to leave the agency. Lerner is the employee at the center of the political storm that hit the nation earlier this year. She was
AILES: Well, generally I don’t confirm or deny any rumors; that’s a rumor at the moment. However Megyn has earned a better time period, she’ll be in our prime time lineup. But I must quickly say that all of our stars will be back. We have new deals with Hannity and Greta and Shep. Shep and I have been working quietly on something we’ll roll out, probably in mid September, about how news is presented. I think it’s kinda done in an old fashioned way and I think we have a
The conservative Republican Study Committee (RSC) is preparing to unveil legislation that would replace ObamaCare with a new set of healthcare reforms. A spokesman for RSC Chairman Rep. Steve Scalise (R-La.) confirmed Friday that members of the group will introduce their measure after the August recess. "Chairman Scalise and the RSC Health Care Working Group are drafting legislation to repeal ObamaCare and replace it with a conservative alternative that fixes the problems in our healthcare system without the harmful taxes and mandates in the President´s law,"
While media mogul Oprah Winfrey has been promoting her new film, “Lee Daniels’ The Butler,” she revealed she was a recent victim of profiling while shopping in a store in Zurich.(Snip)“I was in Zurich the other day at a store, whose name I will not mention,” Winfrey said on “Entertainment Tonight,” “and I didn’t have my eyelashes on, but I was in full Oprah Winfrey gear…but obviously, ‘The Oprah Winfrey Show’ is not shown in Zurich. So this doesn’t happen to me unless somebody obviously doesn’t know that it’s me.” Winfrey went on to explain that she was in Zurich for Tina Turner’s wedding,
Nobody tells Oprah she can´t afford a handbag. Oprah Winfrey is one of the richest entertainers in the world, thanks to her willdly successful 25-season run on "The Oprah Winfrey Show" and her latest media foray with the newly revitalized Oprah Winfrey Network (OWN). The entertainer earned an estimated $77 million from June 2012 to June 2013 alone, according to Forbes, but she says she still experiences racism because she is African American. Take this latest incident in Switzerland, where "The Butler" star went to attend the nuptials of good friend and singer Tina Turner last month.
During his Wednesday appearance on Jay Leno´s "Tonight Show,´ President Obama made three factual gaffes; one of them involved the claim that cities not found along the Gulf of Mexico are. Were Obama a Republican, these gaffes would have led news coverage for the next forty-eight hours. Not only did most of the media ignore or downplay these gaffes; the Associated Press went so far as to cover one of them up. In its coverage Thursday, rather than point out the president´s geographical error, the wire service made it look as though no error was made.
The Washington Post is a legend in the minds of the Washington elite, so its financial decline has caused quiet panic. As NPR media reporter David Folkenflik put it, “You think of stories like the Pentagon Papers, Watergate, these are all stories where The Washington Post led the nation’s understanding, the world’s understanding of some major issues.” Outside the liberal media, you wonder how long Post fans can wallow in their Nixon-crumbling polyester “glory days” in the early 1970s. But nostalgia ruled as the Graham family sold the Post to Jeff Bezos, the billionaire founder of Amazon.com.
At a White House press conference Friday afternoon, President Obama said that health insurance plans offered under Obamacare will be "significantly cheaper" than plans currently on the market, but a string of recent reports say that isn´t true. "What happens on October 1, in 53 days, is for the remaining 15 percent of the population that doesn´t have health insurance, they´re going to be able to go on a website or call up a call center and sign up for affordable, quality health insurance at a significantly cheaper rate than what they can get right now on
During a press conference yesterday, President Obama revealed the existence of a sealed indictment in the Benghazi attacks in Libya on September 11, 2012, leaving some experts questioning whether the president broke the law. Federal law states that ´no person may disclose [a sealed] indictment´s existence,´ and that doing so may be ´punished as a contempt of court,´ a charge that carries a minimum sentence of six months prison. The announcement came as a surprise to some insiders, as the existence of a sealed indictment has not been publicly confirmed or denied by law enforcement or
During an hour-long deep dive into the growing use of food stamps in America, Fox News highlighted “the new face of food stamps.” That new face is a pina colada-sipping, lobster-loving lothario named Jason Greenslate. Greenslate, a 29-year-old La Jolla California surfer and musician who sings that he does not want a “motherfucking job” and has “fuck no” guilt about living on $200 of what he calls “free money ” — or what the government called Supplemental Nutrition Assistance Benefits — while he avoids a job to hang out on the beach, sing and chase women.
Ames, Iowa — Donald Trump delivered a blistering attack on Mitt Romney’s campaign today. “I don’t know what the hell happened with his campaign,” Trump said in a speech at The Family Leader Summit. “I just don’t get it. That was an election that couldn’t have been lost.” “Every single state that they asked me to go or do some phone calls or some television, we won in the primaries,” Trump remarked. But he also criticized what the campaign had initially wanted him to say in robocalls. “They gave me this most pathetic thing to say. I said,
Eydie Gorme, a popular nightclub and television singer as a solo act and as a team with her husband, Steve Lawrence, has died. She was 84. Gorme, who also had a huge solo hit in 1963 with "Blame it on the Bossa Nova," died Saturday at Sunrise Hospital in Las Vegas following a brief, undisclosed illness, said her publicist, Howard Bragman. Gorme was a successful band singer and nightclub entertainer when she was invited to join the cast of Steve Allen´s local New York television show in 1953. She sang solos and also did duets and comedy skits with Lawrence, a rising young singer who had joined
President Barack Obama announced Friday afternoon that the White House will publicly release a summary of the legal authorities through which the National Security Agency conducts its controversial surveillance programs. ´Given the history of abuse by governments,´ he said, it is important to explain how such a program is managed, and - equally important - what it may not do. He described his working relationship with Vladimir Putin as ´candid´ and ´blunt,´ and seemed to dismiss concerns that the Russian president´s body language indicated a lack of willingness to work with the United States.
EDGARTOWN, Mass. — President Barack Obama opened the first summer vacation of his second term Saturday on Martha’s Vineyard, trading Washington debates over the budget, government surveillance and his health care overhaul for a hoped-for carefree week filled with golf, beach outings and hanging-out time with family and friends. (Snip) As Air Force One flew north, Obama got into a vacation mindset by trading his suit and tie for more suitable attire: khakis and a blue shirt with rolled-up sleeves. First lady Michelle Obama, who introduced him at the convention, kept her yellow-and-white
OHIO: Muslims across the US celebrated Eid on the same day to everyone’s joy and relief. Mosques overflowed with happy worshippers who stood as one ummah in prayer and thanksgiving, enjoying the mild weather, treats and spiritually motivating sermons of the day. US President Barack Obama and First Lady Michelle also sent their warmest greetings to Muslims celebrating Eid Al-Fitr around the world, calling it "part of a great tapestry of America´s many traditions."