Forcing oil companies to cover damages from extreme weather will lead to dramatically higher costs for fuel, electricity, natural gas, housing, and everyday goods.
Having a blunder-prone state government manage fuel production is a terrible idea. But at least it might give Sacramento a sense of its costly policy choices.
For years, energy policy in the Golden State has been marked by politicized chaos and willful ignorance. To shift course in 2025, here are four key facts policymakers should know.
On refinery capacity losses and the Low Carbon Fuel Standard, Sacramento chooses to pretend all is well. Californians paying ever-higher gas prices surely disagree.
Declining in-state production means more foreign oil tankers coming to California ports, but the Golden State may not have the infrastructure to meet gasoline demand with imported crude.