California Thinks It Can Run an Oil Refinery
December 19, 2025
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1:29Now PlayingCalifornia Thinks It Can Run an Oil Refinery
YouTube Description
as posted by the channelCalifornia 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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