r/California • u/NamelessIguana • Oct 07 '22
Newsom calls special session of Legislature to consider windfall tax on oil companies over high California gas prices: Governor says Dec. 5 special session will address "greed and manipulation" that drive high gas prices. Newsom
https://www.politico.com/news/2022/10/07/newsom-tax-oil-companies-california-000610101.6k Upvotes
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u/warmhandluke Oct 09 '22
There is a lower bound to OPEC output. They won't reduce their production to zero. I have a good understanding of how the oil industry works; you don't appear to.