Can California really reduce petroleum-based fuels by 50 percent and still have any sort of economy? Most of California’s businesses and residents rely on oil and gas for day-to-day transportation needs. But a bill currently in the legislative committee process, SB 350, would compromise the availability of transportation fuels.
TheRenewable Portfolio Standard, passed in 2011, called for 33 percent of electricity retail sales be served by renewable energy resources by the year 2020.
However, the President of the California State Senate, Kevin de Leon, no student of economics, is pushing a bill through the Legislature at breakneck speed to mandate the reduction of 50 percent in the use of petroleum-based fuels, 50 percent reduction in energy use by existing buildings and increases the Renewable Portfolio Standard to 50 percent — notably as… Read More