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Monday, October 08, 2012

This Could Be Us

Especially if environmentalists like Tim Kaine gain full control:
California's Green Gas Shortages
Prices are spiking thanks to state mandates that will only get worse.
Wall Street Journal editorial

Californians are grumbling about a gas price spike, which state officials blame on disruptions in the supply chain. Actually, they're paying through the nozzle for their greener-than-thou government.

Gas prices in California have soared by 55 cents in a week to an historic high of $4.65 per gallon, about 84 cents higher than the national average.

This gas crisis is self-inflicted, like so many problems in the state. Because California's fuel regulations are the most stringent in the country, the state is isolated from other energy markets. Few refineries in the world can produce the unique reformulated gasoline blend that the state requires, and almost all are located in California.

A Boston Consulting Group study warns that the limited availability of biofuels that could shimmy under the carbon limbo stick could force five to seven more refineries to close. Midwest corn ethanol wouldn't qualify. If all of California's 2006 global warming law were implemented, the study estimates the cost of gas would increase by up to $2.70 per gallon. By the way, Californians are already paying up to 50% more for their electricity than the rest of the country thanks to their renewable-energy portfolio standard.

The cost of such environmental regulations, which is baked into everything Californians consume, is one more reason that jobs are leaking to other states. In related news, Environmental Protection Agency chief Lisa Jackson says California is her model for the nation. [link] [emphasis mine]
What a mess. What a costly mess.

And Obama - and his ilk - want that mess to be us.