Industry experts warn that mandates to electrify ports and rail transport will cost Californians jobs and raise costs for consumers across the country.
For years, the governor has chosen to play politics, pushing a false talking point instead of pursuing market solutions to high gas prices. Fortunately, his constituents aren’t buying it.
Economists criticize state energy policies and dismiss Newsom’s price gouging claims as “conspiracy theories inconsistent with economic logic and the available data.”
J.P. Morgan analysts say the U.S. has “achieved energy independence for the first time in 40 years.” Meanwhile, California has chosen the opposite path.
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.
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.
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.