Administration proposes temporary stabilization package: 2-for-1 plug-and-drill, CEQA exemption and crude-production target

Assembly leaders and state energy officials presented a multi-part Petroleum Market Stabilization Proposal at a June joint hearing that seeks to steady California’s gasoline and crude supply while the state transitions toward low‑carbon fuels. The administration said the package is intended as a temporary, mid‑transition measure to avoid short‑term supply shocks as refinery capacity declines.