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flag California passes law to approve 2,000 new oil wells yearly starting 2026 to offset refinery losses and stabilize gas prices.

flag California lawmakers have passed SB 237, allowing up to 2,000 new oil well permits annually in Kern County starting in 2026 to boost local crude production and help offset the loss of refinery capacity. flag The goal is for local producers to supply about 25% of crude used by state refineries, countering the expected closure of two major refineries that together account for 17% of California’s gasoline output. flag The bill aims to reduce reliance on expensive fuel imports and stabilize gas prices, though critics question its environmental impact and effectiveness. flag The legislation now awaits Governor Newsom’s signature.

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