Economists criticize state energy policies and dismiss Newsom’s price gouging claims as “conspiracy theories inconsistent with economic logic and the available data.”

Those who understand energy won’t be surprised that California is projected to fall down economic rankings in 2024.

Policymakers are realizing that changing how the world’s fifth-largest economy produces and consumes energy is a massively complicated undertaking – and costs a lot of money.

Amid rising prices and a severe affordability crisis, Sacramento should be looking for ways to provide relief to working families. But instead, the state’s energy policies are only making matters worse.

Last year, Governor Newsom signed a law requiring oil companies to disclose costs and profit margins to the California Energy Commission. Here’s what it shows.

What was once California’s most respected newspaper now amplifies attacks against oil companies.

California is aggressively shutting down in-state oil and gas production, leading to higher gas prices as Californians are forced to rely on costly oil imports for basic energy needs.

Failing policies have led to a 43% decline in local oil production under Governor Newsom, forcing the state to rely on an expensive foreign oil supply chain for basic energy needs.

The group ignores how relying fully on oil imports would require port upgrades and refinery modifications that would cost consumers billions.