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 narratives on oil companies and gas prices are laced with false claims. We set the record straight on three of the most egregious.

Economists are worried the governor’s new refinery profit cap and tax scheme could lead to major fuel shortages like the ones seen five decades ago.

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.

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.

The governor’s policies sacrifice energy security and reliability, leaving the state vulnerable to supply shortages and price spikes.

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.

As Governor Newsom continues his daily tirades against oil companies, experts are correcting the record with facts explaining how California’s energy policies are causing higher prices at the pump.

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.