A Politico article ignores how Kern County has long fought to maintain local oil production as Newsom’s policies push the state to rely heavily on foreign imports.
Amid false claims and gaslighting, the TV spot points to government data showing the state has cut oil production 25%, leading to more foreign imports and higher gas prices.
The Gender Equity Policy Institute offers an unserious analysis that will bolster talking points for the radical oil shutdown activists with whom it keeps close ties.
Governor Newsom’s failing policies have led to high costs and heavy dependence on foreign oil for basic energy needs. Sacramento must change course in the new year.
Governor Newsom and Sacramento policymakers aren’t leading an energy transition. They’re letting consumers and businesses suffer under politicized energy chaos.
The governor’s profit penalty (tax) scheme would disincentivize badly needed refining output. Economists say that could raise prices and bring back long lines at gas stations due to fuel shortages.
Gas prices are high because oil supply and refining can’t keep up with demand. Raising taxes on oil companies will only discourage production, making matters worse.
Governor Newsom’s energy policies have cost the state 75 million barrels of oil production – equivalent to over 42% of the emergency stockpile releases under President Biden.