Big Oil has fought for years to keep its secrets invisible. But this week, state officials may have finally realized that what is good for the oil industry has been devastating to Californians.
For California, 2015 was the year of the price spike. Could 2016 be the year of courage?
A year ago, Consumer Watchdog warned that the oil industry would use 2015 to raise gas prices for huge profits and to push its political agenda. Predictably, the industry obscenely raised prices, making 2015 a record year for California gas prices compared to the national average. In Los Angeles, consumers are still paying over a dollar more than the rest of the nation.
Heading to Sacramento Wednesday to testify on California’s outrageous gasoline price spikes, I was looking for context to explain the $10 billion extra California drivers paid for their gasoline in 2015 compared to US drivers. Then I read the Star Wars series made $4.4 billion worldwide.
An oil oligopoly, anchored by four California oil refiners, that control 78% of the gasoline market, raked in more extra dollars at the pump in one year than one of the most successful movie franchises in history.
Mergers, civic engagement and campaign finance are on the schedule for this week. In addition, the Independent Review Panel for the Department of Toxic Substances Control will be having two meetings on reform. Wednesday's meeting may be especially contentious, considering environmental groups will be laying out internal problems with the DTSC that need to be fixed.
Being at the California Energy Commission to testify about how California oil refiners manipulated prices at the pump Tuesday was like prosecuting a case against a defendant who refused to show.