With California EV Mandate Driving Out Oil Companies, Regulators Consider Borrowing a Page From Venezuela To Keep Refineries Open
California could be headed for a gasoline supply crisis due to its regulations and push to transition to EVs.

With California’s government trying to force a transition to electric vehicles, its regulations are leading oil companies to shut down refinery operations, putting the state in a potential bind if it hopes to maintain its own stable supply of gasoline.
To avert such a crisis, the California Energy Commission is proposing that the state take control of at least one refinery as part of its mission to maintain a “reliable supply of affordable and safe transportation fuels in California.”
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