"After Democrat Governor Gavin Newsom's [He-Him, I suppose] state Energy Commission accused Valero Energy of price gouging and ordered an "explanation" from the company on the high price of gas in California, Valero sent a lengthy letter putting Newsom in his place and explaining why his answer is waiting in the mirror. In doing so, the energy producer also exposed the true goal of Democrats' pain-is-the-point energy agenda.
"As the Commission knows, and as countless investigations have demonstrated, market drivers of supply and demand, together with government-imposed costs and specifications, determine market price," Valero's letter begins, explaining the basics of Econ 101 since apparently Newsom missed that lesson during his time at Santa Clara University. ". . .
. . ."As to why Californians are paying more than anyone else in America for gas, Valero then drops the hammer on Newsom and the state's Democrats:
For Valero, California is the most expensive operating environment in the country and a very hostile regulatory environment for refining. California policy makers have knowingly adopted policies with the expressed intent of eliminating the refinery sector. California requires refiners to pay very high carbon cap and trade fees and burdened gasoline with cost of the low carbon fuel standards. With the backdrop of these policies, not surprisingly, California has seen refineries completely close or shut down major units. When you shut down refinery operations, you limit the resilience of the supply chain. .
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