Governor Newsom and Sacramento policymakers aren’t leading an energy transition. They’re letting consumers and businesses suffer under politicized energy chaos.
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.
Heavy dependence on foreign energy has left Europe vulnerable to supply shortfalls and price volatility. Governor Newsom is following the same energy policy playbook in California.
If Governor Newsom actually cared about science-based energy policies, he wouldn’t be pushing legislators to unilaterally shut down oil production on a whim.
Eliminating oil production won’t lower demand for oil. Rather, it will raise costs and make Californians more reliant on foreign regimes for basic energy needs.
Concerns about rising costs and foreign oil dependence are at a fever pitch, complicating Governor Newsom’s latest attempt to shut down oil and gas production.