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Newsom Faces GOP Backlash Over Proposal to Expand Oil Regulation Amid Concerns of Economic Impact

California’s Democratic Gov. Gavin Newsom is facing criticism from Republicans for his proposal to expand regulators’ authority over oil companies. The proposal would allow the state to order refiners to store more gas, which Newsom claims would reduce price spikes due to supply shortages. Critics argue that these policies are not grounded in economic reality. Arizona’s state Senate president, Warren Petersen, also criticizes Newsom’s proposal, warning of a “dire impact” from the proposal.

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