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  • Has California’s Oil and Gas Industry Hit the Point of No Return?

    12/01/2025 12:48:09 PM PST · by Bullish · 36 replies
    California Globe ^ | 12/1/25 | Katy Grimes
    Gov. Newsom is single handedly sending California into energy poverty, rather than economic and energy prosperity Most California residents recognize that California’s highest-in-the-nation gas prices are self-inflected, as is the gasoline crisis in the state. This has subsequently increased dependency on foreign oil suppliers and shippers to supply fuels, and as we reported recently, this poses a direct threat to U.S. military force readiness on the West Coast. California today produces less than 23% of its own in-state petroleum needs and imports over 65% of its crude oil from foreign sources, yet the oil and gas industry in California account...