Tag California

Low carbon fuel could raise California fuel prices

The Low Carbon Fuel Standard (LCFS), which will be implemented in California starting in January after the defeat of Prop 23, may be an instructive example of the Law of Unintended Consequences. It mandates that carbon levels in fuel be…

California could default on its debt

Like a heroin addict needing one last fix, California wants to stop. But, just one more injection of that sweet bond income and then tomorrow it’ll get its financial house in order, really, that’s a promise. California has huge debt…

California state budget deficit reaches $25.4 billion

Yet again California has used MSU* methods for their budget projections. They’ve been making projections based on phantom revenue. As in non-existent revenue. As in never existed in the first place, except in the fevered brains or rolling off lying…