The California Energy Commission recently released a report that proposes the state take over oil refineries to protect against price gouging.
This proposal threatens California's energy sector and mirrors the disastrous policies of Fidel Castro in Cuba and Hugo Chavez in Venezuela—policies that led to economic collapse and extreme hardship for their citizens.
Governor Newsom’s appointed commissioners suggest that the state could buy and operate all California oil refineries. But why stop there? Why are they offering to buy refineries while simply trying to shut down domestic oil production? Why don’t they offer to buy us as well? Instead, the state and several local governments are pursuing illegal takings of private property. It is as though their financial portfolio is in overseas oil production industries.
California's energy industry, already under constant attack, needs expertise and efficiency—not government control.
See the reference on page 85 for the report: