Instead of producing more of the oil its economy needs at home, the Golden State is choosing to import more than 875,000 barrels per day from overseas.
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.
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.
Analysts say the continued unrest could upend international commerce at a time when the Golden State is becoming more dependent on foreign oil imports for basic energy needs.
Experts agree the governor’s reckless shutdown agenda will extend the state’s reliance on volatile foreign energy markets and harm low-income Californians the most.
Foreign oil imports are up, and in-state production is down: Newsom’s policies force California to increasingly rely on overseas regimes to meet basic energy needs.
The governor has moved aggressively to shut down oil production, but government forecasts show the state will still need 11.5 billion gallons of gas and diesel in 2035.
State data confirms demand for oil and gas is increasing in the Golden State, dealing a harsh dose of reality to Governor Newsom’s energy transition narrative.