was forcing the California Assembly into a special session to push through legislation requiring oil companies to amass stockpiles of gasoline and other fuels to prevent supply shortages and price spikes during refinery outages.
Newsom joined lawmakers at the state Capitol to sign the law and criticized the oil industry for its efforts to keep the legislation from passing. I am sure Newsom plans to tout this law as some big victory over Big Oil. What is missing in the reports is the fact that one of our major petroleum companies moved its headquarters to Texas…due, in large part, to bureaucratic strangulation and excessive regulations.
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