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.
A broad, bipartisan coalition voted down Measures A & B, sending a clear message to elected officials: stop trying to shut down local oil and gas production.
Policy decisions should be based in a cold assessment of costs and benefits. Newsom’s moves to shut down in-state oil production are big on costs – and lack any real benefits.
Data and experience demonstrate that the vague notion of transitioning oil and gas workers to new jobs isn’t anything more than an empty talking point.