Hard Landing

Summary

The episode examines President Trump’s EPA rule revoking the Obama-era "endangerment finding," which could dismantle federal climate regulation and spark years of litigation. It then shifts focus to California, where Governor Gavin Newsom is scrambling to mitigate the fallout from the impending shutdown of the Benicia refinery, a key supply node for Northern California’s fuel market. The discussion highlights how the loss of this refinery threatens regional fuel shortages, price spikes, and broader economic disruption, illustrating the tangible consequences of aggressive climate policy. Experts warn that without coordinated intervention, the state faces a chaotic transition and double‑digit gasoline price hikes.