Gasoline hoard another bad energy idea for California

Under direction of the state legislature, the California Energy Commission last month held workshops to consider a government stockpile of gasoline.The aim is to moderate price volatility. A consulting firm recommends the state hoard 2.5 million bbl of summer grade gasoline for release during supply disruptions as a defense against price spikes.The state would store the product outside Los Angeles and San Francisco. It would control 5 million bbl of storage capacity and lease the extra volume to private firms.Companies would withdraw and repay gasoline from the state reserve for a fee determined by electronic auction.California thus seems ready to extend its astonishing record of disastro...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected