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@antonydavies·6.1K subscribers·805 videos
California Thinks It Can Run an Oil Refinery
Posted
December 19, 2025
Views
1,969
Likes
50
Comments
9
Engagement
3.00%
December 19, 2025
1,969
50
9
3.00%
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1:29Now PlayingCalifornia is considering purchasing and operating oil refineries to manage gasoline prices and supply. We explain why governments lack the incentives that keep capital-intensive industries functioning, how profit drives reinvestment and maintenance, and why similar policies led to catastrophic shortages in places like Venezuela.
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