The modern world cannot survive and thrive without a productive petroleum industry
High gas prices are result of 'idiotic policies,' not price gouging, Institute for Energy Research senior economist tells FOX Business.
Economists and oil market experts sharply criticized Gov. Gavin Newsom, D-Calif., for his recent rhetoric blaming "greedy oil companies" for high gasoline prices in California.
"Gas prices are up while oil companies rake in RECORD profits," Newsom tweeted Monday. "It. Does. Not. Add. Up. We cannot continue to allow greedy oil companies to rip us off at the pump.
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