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Published 22 days ago • Benicia, United States • Updated 19 days ago

From Refineries to Fiefdoms: Is Newsom Orchestrating a State Takeover of California’s Oil Industry?

Summary by Watts Up With That?

California’s refining capacity is collapsing—not because demand has disappeared, but because it is being deliberately dismantled by regulatory fiat. The recent announcement that Valero Energy will idle or shutter its Benicia refinery by 2026 isn’t just a business decision. It’s the calculated result of a hostile policy environment designed to punish traditional energy producers until they either leave the state or fall into government hands.

Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.

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From Refineries to Fiefdoms: Is Newsom Orchestrating a State Takeover of California’s Oil Industry?

California’s refining capacity is collapsing—not because demand has disappeared, but because it is being deliberately dismantled by regulatory fiat. The recent announcement that Valero Energy will idle or shutter its Benicia refinery by 2026 isn’t just a business decision. It’s the calculated result of a hostile policy environment designed to punish traditional energy producers until they either leave the state or fall into government hands.

22 days ago

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Watts Up With That? broke the news in 22 days ago on Friday, April 18, 2025.

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