Newsom Weighs Boosting California Oil Production Amid Refinery Closures and Global Market Volatility
SACRAMENTO,Calif. – Facing the impending closure of two major oil refineries and ongoing instability in global petroleum markets, California Governor Gavin Newsom is considering a limited increase in state oil production.This potential shift comes despite Newsom’s longstanding commitment to reducing the state’s reliance on fossil fuels.
The impetus for exploring increased production originated within Newsom’s own administration. Siva Gunda, Vice Chairman of the California Energy Commission (CEC), recently submitted a set of recommendations to the governor outlining a strategy for stabilizing crude oil production within the state