Chevron

Venezuela-Style Socialism Has Come to California’s Oil Industry

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Venezuela-Style Socialism Has Come to California’s Oil Industry

California’s leftist legislature will now have the power to regulate the gasoline sales profits of the state’s oil refiners. Governor Gavin Newsom has just signed a law allowing the California Energy Commission (CEC) to establish a state gross gasoline refining profit margin and impose penalties for surpassing it. Chevron, the state’s biggest oil refiner, criticized … Read more

Time to Get Rid of the Chevron Ruling that Is Suffocating Industry

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Time to Get Rid of the Chevron Ruling that Is Suffocating Industry

The burden of overregulation weighs heavily upon American industry. It saddles the business world with burdens that stifle initiative and diminish profits. One Supreme Court decision that reinforces and codifies this government regulation is Chevron U.S.A. v. National Resources Defense Council. The 1984 ruling over a Clean Air Act regulation held that when confronted with … Read more