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California Governor Gavin Newsom, once a fierce critic of Big Oil, is now taking a more cooperative approach with the petroleum industry. Facing looming refinery closures and potential gas shortages, Newsom is pausing profit-cap penalties, boosting fuel imports, and even supporting in-state drilling — all to keep California’s fuel supply stable.
By Sean Reynolds4.4
8787 ratings
California Governor Gavin Newsom, once a fierce critic of Big Oil, is now taking a more cooperative approach with the petroleum industry. Facing looming refinery closures and potential gas shortages, Newsom is pausing profit-cap penalties, boosting fuel imports, and even supporting in-state drilling — all to keep California’s fuel supply stable.

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