by Katy Grimes, E&E Legal Senior Media Fellow and California Globe Editor
As Appearing in the California Globe

Gov. Newsom is presiding over perhaps the largest collapse of the oil industry, refinery operations and gasoline production in U.S. history

With Marathon Petroleum sending a blistering warning to Governor Gavin Newsom and top state officials in a letter declaring that proposed amendments to the California Air Resources Board’s (CARB) Cap-and-Invest program would destroy whats left of California oil refineries, that makes three severe warnings by the state’s remaining petroleum companies.

Last month, PBF Energy warned that if the CARB amendments are enacted as written, they “will inevitably drive in-state refining capacity to zero.”

Last week, Chevron called the amendments a “death knell” for remaining facilities, forecasting gasoline prices rising more than $1 per gallon by 2030 and threatening to shutter its Richmond and El Segundo refineries.

And, while media continues to obfuscate on rising gas prices, blaming them on the Iran conflict, let us remind you that gas was already up .80 cents before the Iran warfare.