bring in wall street pro author, former investment banker carol roth. aking news. looks like california, the governor of california is saying that we will do the first of its kind in the nation-state penalty on u.s. oil companies if their profits pass a certain threshold. this is he saying this is price gouging penalty on big oil. this is breaking news. >> yeah the mental gymnastics being performed at a level that is so high here, liz, i feel like he is going to take home all of the gold medals. i saw the breaking news, breaking tweet, said they're not going to be gas lit by oil companies keeping gas prices high. if i recall california's taxes are the second highest in the nation. they were the first one. they had a little tax holiday. they are adding on costs here. all of their policies are basically limiting supply that california is the leader in, that's what is causing these high prices. to turn this around to start saying we're adding penalties. it is perfectly absurd and perfectly california. elizabeth: california's governor, carol, is not saying h