California’s government regulates energy more than any other state. This regulation is now causing massive blackouts, suffering, poverty and death.
“California officials endlessly promote this state as “leading the world in the fight against climate change.” Yet as of this writing, many Californians are in their fourth night of energy blackouts.”
Like Venezuela, the Golden State enjoys some of the earth’s most plentiful oil and gas resources. But also like Venezuela, the California government seeks to totally control energy extraction and production.
California’s overregulation has yielded a landscape with just one major electrical provider: Pacific Gas and Electric (PG&E). PG&E’s badly-maintained powergrid was responsible for sparking wildfires which killed several people and destroyed hundreds of millions of dollars of property over the past several years.
PG&E filed for bankruptcy in January 2019 under the weight of tens of billions of dollars in liabilities from the deadly wildfires sparked by its equipment in 2017 and 2018, including the November 2018 Camp Fire, the state’s deadliest to date.