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Submission + - California Exports Gasoline to Mexico Despite 'Shortage'

HughPickens.com writes: Thomas Elias writes in the Los Angeles Daily News that just one week before many California motorists began paying upwards of $4.30 per gallon for gasoline, oil tanker Teesta Spirit left Los Angeles headed for ports on the west coast of Mexico carrying more 300,000 barrels of gasoline refined in California. At a time when oil companies were raising prices by as much as $1 per gallon in some regions, oil companies like Chevron and Phillips 66 shipped about 100 million gallons of gasoline out of California. “Oil refiners have kept the state running on empty and now they are sending fuel refined in California abroad just as the specter of low inventories drives huge price increases," says Jamie Court, president of the Consumer Watchdog advocacy group.

According to Elias as the oil companies were shipping out that fuel, they reaped unprecedented profits reportedly approaching $1.50 for every gallon of gasoline they sold at the higher prices. "Gasoline prices are determined by market forces, and individuals who understand how commodity markets work have recently testified that those markets are working as they should," responded Catherine Reheis-Boyd, President of the Western States Petroleum Association, to charges of price gouging. "All of the many government investigations into gasoline markets in recent years have concluded that supply and demand are the primary reason gas prices go up and down." Kathleen Foote, who heads up the antitrust division at the California attorney general’s office, agreed that the industry operates like an oligopoly in the state. But proving price fixing is difficult in a field where only a few players exist. "This system is made to break because oil refineries keep it running on empty," concludes Court. "They have every incentive to create a price spike like this."

Comment Re:Uber should countersue (Score 1) 244 244

In that case, you and your buddies are cordially invited to move yourselves to a private island where you can all live out your Anarcho-Capitalist fantasies to your heart's content.

Meanwhile, the rest of us are comfortable trading a level of inconvenience for reasonable assurance of accountability.

Comment Re:Taxi company (Score 3, Insightful) 193 193

It is not clearly illegal to hook riders up with drivers...

If the driver was not intending to go to the rider's destination until the passenger stated the destination, then the driver is soliciting for passengers.

If the driver is soliciting for passengers and does not possess the required commercial licenses and insurance, then it is clearly illegal.

I know you and your buddies are all "Libertarian/Anarcho-Capitalist" and such, but the fact that Uber is encouraging people to engage in illegal commerce doesn't go away just because you want it to.

Comment Re:Government knows best... (Score 1) 432 432

I imagine that most of the people like the OP are under 30 and have never had any illness more serious than a cold. They've also probably rarely, if ever, missed a meal or slept outside other than by choice.

They also appear to not be able to imagine themselves as older, weaker, or otherwise unable to earn a living.

They've appeared to have read "Atlas Shrugged:, but missed the end of Ayn Rand's life, where she died penniless and dependent on government aid.

Save energy: Drive a smaller shell.

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