Energy reality is at long last dawning in Sacramento as looming refinery closures threaten gasoline shortages and price spikes. Too bad Democrats care more about doing political damage control than improving the state’s business climate.
Democratic state Senators have introduced legislation they are deceptively advertising as refinery permitting reform. Valero Energy and Phillips 66 plan to shut down two large refineries in the state owing to California’s hostile regulation. This will mean a 20% decline in the state’s refining capacity.
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