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California's Oil Industry in Turmoil: A Deep Dive into the State’s Oil and Gas Crisis
California, long known for its progressive environmental policies and ambitious climate pledges, is at a crossroads with its oil and gas industry. After decades of discouraging big oil through strict regulations, taxes, and bans, the state's recent developments reveal a surprising shift—albeit a begrudging and incomplete one—that exposes the fragility of California's energy independence and the economic toll of its policies.