Gov. Gavin Newsom has yet again forced the Legislature into special session to continue his war against the oil companies. This time, his proposal is to empower the California Energy Commission to “develop and impose requirements for refiners operating in the state to maintain minimum levels of inventories of refined transportation fuels meeting California specifications.” The governor claims this will prevent price spikes but clearly doesn’t understand the laws of supply and demand. Even Joe Lombardo, the Republican governor of Nevada, and Katie Hobbs, the Democratic governor of Arizona, sent a letter warning that his proposal would increase prices, not...