California’s energy policies have been walking a tightrope for years, but now, the state is contemplating an extreme measure that could tip it into full-blown crisis mode: taking over oil refineries. According to a recent Los Angeles Times article, California policymakers are seriously considering state ownership of refineries to ensure gasoline supply remains stable as private refiners shut down operations. This move—if it happens—could create a cascade of economic and logistical disasters, exacerbating the very problems the state claims to be solving.
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