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Sen. Feinstein calls for
FTC investigation into
high Calif. gas prices

The Hill [Washington, DC], by Zack Colman

Original Article

Posted By:KarenJ1, 10/8/2012 12:00:23 PM

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.

      


Post Reply  

Reply 1 - Posted by: ZurichMike, 10/8/2012 12:04:41 PM     (No. 8918038)

She's pulled this stunt before. And she was dead wrong. She's just grandstanding, as the snippy liberal she is.

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Reply 2 - Posted by: stablemoney, 10/8/2012 12:06:35 PM     (No. 8918045)

Send the FBI to Sacramento.

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R-VAR_AD


 
Reply 3 - Posted by: lyndsey, 10/8/2012 12:07:01 PM     (No. 8918046)

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.

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Reply 4 - Posted by: SouthSanAntonio, 10/8/2012 12:07:12 PM     (No. 8918049)

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...

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Reply 5 - Posted by: DaddyO, 10/8/2012 12:08:55 PM     (No. 8918059)

Maybe someone could tell her how much tax the state of california charges for each gallon of gas: almost 49 cents (second only to NY)


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Reply 6 - Posted by: Howard Adams, 10/8/2012 12:10:56 PM     (No. 8918067)

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.

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Reply 7 - Posted by: Keekng, 10/8/2012 12:11:39 PM     (No. 8918070)

Everyone other than Feinstein knows the answer to Kalifornias high gas prices...Outlandish EPA regulations and high taxes.

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Reply 8 - Posted by: antiquegolf, 10/8/2012 12:14:25 PM     (No. 8918077)

Liberal, dumpy and stupid is no way to go through life. (apology to Dean Wormer)

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Reply 9 - Posted by: snowoutlaw, 10/8/2012 12:15:15 PM     (No. 8918080)

I heard Gov did wave the restriction on selling winter blends so he does understand the cause but will never admit it any more than Finstein will ever serve the needs of the people of California.

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Reply 10 - Posted by: Stlouislaxbros dad, 10/8/2012 12:16:59 PM     (No. 8918086)


Its their own darn fault.

For Pete's sake. California has decided that it's gas is special so that state decided to make its people have special gas.

Then... when their limited number of refineries has a problem... they can't get gas from other places.

California screwed itself... but hey.. shockingly Feinstein is grand-standing.

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Reply 11 - Posted by: Calvinesq, 10/8/2012 12:20:02 PM     (No. 8918098)

Gee, Di, why don't you ask the supreme leader to approve the Keystone XL pipeline project instead of calling for a permanent oversight committee that will just pick winners and losers (mostly losers).

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Reply 12 - Posted by: oh-heck, 10/8/2012 12:21:16 PM     (No. 8918104)

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.

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Reply 13 - Posted by: whyyeseyec, 10/8/2012 12:21:27 PM     (No. 8918107)

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.

The 17th Amendment strikes again...

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Reply 14 - Posted by: Pete Stone, 10/8/2012 12:25:41 PM     (No. 8918119)

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.)

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Reply 15 - Posted by: ASAvet, 10/8/2012 12:26:11 PM     (No. 8918123)

The previous 27 investigations since the 1970's found no collusion, but this time....

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Reply 16 - Posted by: seamusm, 10/8/2012 12:27:39 PM     (No. 8918130)

Senator Pinhead musta skipped those Eco classes. Another fool without a clue.

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Reply 17 - Posted by: Frank Dunn, 10/8/2012 12:34:47 PM     (No. 8918143)

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.

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Reply 18 - Posted by: Polecat49, 10/8/2012 12:39:34 PM     (No. 8918154)

Does ANYONE think that californians will ever use their brains and get rid of all those liberal, socialist, communist democRATS that have turned their paradise into a living HELL?

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Reply 19 - Posted by: Safari Man, 10/8/2012 12:39:49 PM     (No. 8918155)

When Gov. Brown issued an Executive Order to lower gasoline prices, doesn't that tell you something? It tells me the policies of the government are directly affecting the prices.

Earth to the People of California. Come in California. You are dangerously off course.


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Reply 20 - Posted by: Douglas DC, 10/8/2012 12:41:30 PM     (No. 8918158)

Ok Difi-investigate to quote another famous
Californian :"Go ahead, make my day,,."

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Reply 21 - Posted by: MisterDickens, 10/8/2012 12:41:57 PM     (No. 8918160)

I agree, Dianne. Let's start the investigation in YOUR office.

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Reply 22 - Posted by: OdinsAcolyte, 10/8/2012 12:49:32 PM     (No. 8918179)

There is no petroleum shortage only a shortage of funds to feed a greedy government.

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Reply 23 - Posted by: Mobyclik, 10/8/2012 1:02:28 PM     (No. 8918217)

Unhappy people because of the price of gas? ''I know, I know, attack the oil companies...again. Contact our allies in the media, TELL them to jump on board with the attacks!''

Haven't we seen this movie many times before?

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Reply 24 - Posted by: mitzi, 10/8/2012 1:06:12 PM     (No. 8918226)

I heard on FNC this morning that CA standards for gasoline are such that it's refined differently, and costs more to process.

If I know this, the Senator from CA would be aware of these facts. Maybe Diane should watch FNC.

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Reply 25 - Posted by: uno, 10/8/2012 1:07:23 PM     (No. 8918232)

Even a dimwit would ask "how come they're only targeting California?"

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Reply 26 - Posted by: GOPinTN, 10/8/2012 1:10:09 PM     (No. 8918242)

Let’s face it, Feinstein ain’t no Einstein.

"In order to form an immaculate member of a flock of sheep one must, above all, be a sheep." ~~ Albert Einstein


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Reply 27 - Posted by: enemyofthestate, 10/8/2012 1:15:38 PM     (No. 8918253)

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.

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Reply 28 - Posted by: Skyliner, 10/8/2012 2:06:10 PM     (No. 8918356)

Let us immediately repeal the law of supply and demand!

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Reply 29 - Posted by: JediJerry, 10/8/2012 2:28:58 PM     (No. 8918412)

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.



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Reply 30 - Posted by: Aria, 10/8/2012 2:39:50 PM     (No. 8918437)

Another expensive rat stunt - designed to make themselves look like innocent bystanders when in fact they know exactly why the price is so high - because this is what they said they want!

I hate these liars.

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Reply 31 - Posted by: KTWO, 10/8/2012 2:51:12 PM     (No. 8918468)

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.



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Reply 32 - Posted by: TheMotherCO, 10/8/2012 2:56:44 PM     (No. 8918488)

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.

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Breitbart´s Big Government, by Matthew Boyle    Original Article
Posted By: ketchuplover- 3/31/2014 12:30:51 AM     Post Reply
President Obama’s Department of Homeland Security caught then released 68,000 aliens who had previously been convicted of a crime, a new report from the Center for Immigration Studies shows. The report, provided to Breitbart News ahead of its late Sunday evening release, reviews internal Immigration and Customs Enforcement (ICE) metrics to conclude that the Obama administration released 35 percent—or 68,000—convicted criminal aliens back into the U.S. general population when they could have been deported. (Snip) In response to these findings from CIS that follow up on his office’s report last week, Sessions said immigration law in America has essentially ceased to

Global Warming Will Cause War,
Pestilence, Famine and Death,
Says New IPCC Report Inevitably

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Breitbart London, by James Delingpole    Original Article
Posted By: mitzi- 3/30/2014 5:45:07 PM     Post Reply
Today sees the release of the Intergovernmental Panel on Climate Change´s (IPCC) latest findings on the state of "global warming" and the news isn´t good. Here are some of the highlights: Giant malarial mosquitoes the size of crane flies may descend en masse and drain us of our blood so quickly with their powerful razor sharp probosces that we won´t even have time to be infected - we´ll be dead before we hit the floor; Bangladesh, Tuvalu, The Maldives and Florida will all be submerged; Four horsemen with skulls for faces, glowing red eyes and huge scythes will gallop across

A cup of Earl Grey ´as good as statins´
at fighting heart disease, study finds

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Telegraph [UK], by Alice Philipson    Original Article
Posted By: Attercliffe- 3/31/2014 11:13:20 AM     Post Reply
Drinking Earl Grey tea could help guard against heart disease, it has emerged, after a study found that bergamot extract--a key ingredient in the hot drink--is just as effective as statins at controlling cholesterol. Scientists believe bergamot, a fragrant Mediterranean citrus fruit which gives Earl Grey tea its distinctive flavour, can significantly lower cholesterol. They say it contains enzymes known as HMGF (hydroxy methyl glutaryl flavonones) which can attack proteins in the body known to cause heart disease. The study found bergamot could even be as effective as statins, used to control cholesterol but which can have side effects in


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