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At Newsom's urging, lawmakers consider more oil regulations in California

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At Newsom's urging, lawmakers consider more oil regulations in California

The California Assembly on Tuesday passed legislation aimed at reducing sudden gas price increases, action inspired by Gov. Gavin Newsom’s political battle with the oil industry over blame for the state’s nation-leading per-gallon costs at the pump.

The extended deliberations at the state Capitol over affordability underscore the challenges state Democratic leaders face carrying out their agenda to transition California away from a dependence on fossil fuels.

In the ongoing special legislative session called by Newsom, the Democratic-led Assembly approved bills that give the state the authority to place new requirements on California oil refiners to keep adequate reserves. The mandate could prevent price spikes in the future but offers no immediate relief at the pump.

It’s the second year in a row that lawmakers have targeted California’s gas price increases. The proposals must also be adopted by the Senate and signed by the governor to become law.

“The goal is simple: Guarantee that fuel reserves are readily available for consumers during maintenance events and supply constraints,” said Assemblymember Gregg Hart (D-Santa Barbara), who introduced one of the two bills approved Tuesday. “Let’s take action now to provide relief to Californians who need gasoline in their cars to get to work, drive their children to school, vote and visit loved ones.”

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As the November election fast approaches, lawmakers rejected Republican calls to change climate laws to potentially deliver larger and faster savings to consumers.

“If we didn’t come here to actually lower consumers’ gas prices, then why are we here?” asked Assembly Republican Leader James Gallagher (R-Yuba City) during the floor session. “And what I’m hearing is that all we’re really considering is this proposal from the governor that doesn’t lower gas prices. At best, in theory, it will stop gas price spikes. But the people that I hear from, and that I’m sure you hear from, your constituents, think that the price of gas is too damn high right now.”

The Assembly passed legislation Tuesday to authorize the California Energy Commission, through its rulemaking process, to mandate that oil refiners maintain a minimum inventory level to avoid shortages when equipment goes off line because of maintenance issues.

The lower house also approved a bill that sets a July 1 deadline for the energy commission and the California Air Resources Board to recommend ways to increase the state’s gasoline supply, such as adding more ethanol to fuel, limiting the use of the state’s summer blend or adopting other potential solutions.

The governor alleges that a handful of oil refineries, which produce the state’s special blend of more environmentally friendly fuel, are manipulating the market to maximize their profits at the expense of Californians.

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After gathering more insight about pricing from laws passed in the previous special session on oil prices last year, state regulators had reported that charges at the pump increase when the oil companies do not maintain enough refined gasoline to backfill production shortfalls or protect against the effect of unplanned maintenance.

“I’m grateful to the Assembly for joining with me in our efforts to prevent gas price spikes and save Californians money at the pump,” Newsom said in a statement. “Just last year, price spikes cost Californians more than $2 billion — forcing many families to make tough decisions like choosing between fueling up or putting food on the table. This has to end, and with the Legislature’s support, we’ll get this done for California families.”

Newsom was not present during the vote. He attended the inauguration of Mexican President Claudia Sheinbaum in Mexico City on Tuesday.

Oil companies say price spikes are a result of the state’s climate change policies, which increase the cost of bringing gasoline to the market and leave the state dependent on a small number of refineries. The Legislature’s repeated efforts to regulate a complex oil market, the industry says, could have the adverse consequence of raising the prices they seek to lower.

Assembly Speaker Robert Rivas (D-Hollister) declined to have the lower house vote on a very similar proposal that Newsom sought to push through the Legislature in the final weeks of the regular session in late August, citing the need for more time to hold hearings and consider the bill.

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Newsom’s office had begun talking with the Senate and Assembly earlier in the summer about legislation that would allow his administration to require that petroleum refiners maintain a stable inventory. Newsom and his aides hoped the bill would become part of a package of legislation supported by the Senate and Assembly, which failed to materialize.

After Rivas said the Assembly wanted more time, Newsom convened a special session on Aug. 31.

Through a series of hearings over the last month, Assembly members sorted through the contrasting narratives from the governor and the industry to understand the best path forward to regulate a complex oil market.

Gallagher introduced a proposal that would have exempted transportation fuels from California’s cap-and-trade program, which he said could save consumers 30 cents per gallon of gasoline. The bill also would have required regulators to waive requirements for California to use its summer blend of gasoline, which is more expensive, when prices raise or supply is low.

Assembly Democrats rejected the bill in a legislative hearing. Republicans voiced concerns that prices will continue to go up next year under changes to the cap-and-trade program and the state’s low carbon fuel standard.

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“This has got to be the biggest dog and pony show I’ve seen up here in 10 years,” said Assemblymember Devon Mathis (R-Visalia) during the floor vote. “We are blaming everything we can on the reason why gas is so expensive in our state, except for the fact that the governor and this body haven’t moved.”

After the vote, Rivas offered a reminder that the special session was convened specifically to tackle price spikes.

“It’s estimated by the state that this is going to result in around $2 billion to local residents,” he said about the potential savings to consumers. “But we have to do a lot more when it comes to this affordability crisis that the state faces, both at the gas pump and so many other areas.”

Democrats in the California Senate, who said they wanted to pass Newsom’s original proposal about supply mandates before the regular session ended, decided to wait for the Assembly to vote on the bills before reconvening the upper house in the special session.

The Senate pro tem’s office has said the house would be “ready to convene, establish our process and act swiftly to provide the relief all Californians deserve” after the Assembly took action. The Senate is expected to gather as early as next week to review the bills.

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Video: Protests Against ICE in Minneapolis Continue Into Friday Night

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Video: Protests Against ICE in Minneapolis Continue Into Friday Night

new video loaded: Protests Against ICE in Minneapolis Continue Into Friday Night

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Protests Against ICE in Minneapolis Continue Into Friday Night

Hundreds of protesters marched through downtown Minneapolis on Friday night. They stopped at several hotels along the way to blast music, bang drums and play instruments to try to disrupt the sleep of immigration agents who might be staying there. Mayor Jacob Frey of Minneapolis said there were 29 arrests but that it was mostly a “peaceful protest.”

The vast majority of people have done this right. We are so deeply appreciative of them. But we have seen a few incidents last night. Those incidents are being reviewed, but we wanted to again give the overarching theme of what we’re seeing, which is peaceful protest. And we wanted to say when that doesn’t happen, of course, there are consequences. We are a safe city. We will not counter Donald Trump’s chaos with our own brand of chaos here. We in Minneapolis are going to do this right.

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Hundreds of protesters marched through downtown Minneapolis on Friday night. They stopped at several hotels along the way to blast music, bang drums and play instruments to try to disrupt the sleep of immigration agents who might be staying there. Mayor Jacob Frey of Minneapolis said there were 29 arrests but that it was mostly a “peaceful protest.”

By McKinnon de Kuyper

January 10, 2026

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Trump says Venezuela has begun releasing political prisoners ‘in a BIG WAY’

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Trump says Venezuela has begun releasing political prisoners ‘in a BIG WAY’

NEWYou can now listen to Fox News articles!

President Donald Trump said Saturday that Venezuela has begun releasing political prisoners “in a BIG WAY,” crediting U.S. intervention for the move following last week’s American military operation in the country.

“Venezuela has started the process, in a BIG WAY, of releasing their political prisoners,” Trump wrote on Truth Social. “Thank you! I hope those prisoners will remember how lucky they got that the USA came along and did what had to be done.”

He added a warning directed at those being released: “I HOPE THEY NEVER FORGET! If they do, it will not be good for them.”

The president’s comments come one week after the United States launched Operation Absolute Resolve, a strike on Venezuela and capture of dictator Nicolás Maduro as well as his wife Cilia Flores, transporting them to the United States to face federal drug trafficking charges.

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US WARNS AMERICANS TO LEAVE VENEZUELA IMMEDIATELY AS ARMED MILITIAS SET UP ROADBLOCKS

Government supporters in Venezuela rally in Caracas.  (AP Photo)

Following the military operation, Trump said the U.S. intends to temporarily oversee Venezuela’s transition of power, asserting American involvement “until such time as a safe, proper and judicious transition” can take place and warning that U.S. forces stand ready to escalate if necessary.

At least 18 political prisoners were reported freed as of Saturday and there is no comprehensive public list of all expected releases, Reuters reported.

Maduro and Flores were transported to New York after their capture to face charges in U.S. federal court. The Pentagon has said that Operation Absolute Resolve involved more than 150 aircraft and months of planning.

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TRUMP ADMIN SAYS MADURO CAPTURE REINFORCES ALIEN ENEMIES ACT REMOVALS

A demonstrator holding a Venezuelan flag sprays graffiti during a march in Mexico City on Santurday. (Alfredo Estrella / AFP via Getty Images)

Trump has said the U.S. intends to remain actively involved in Venezuela’s security, political transition and reconstruction of its oil infrastructure.

The White House did not immediately respond to Fox News Digital’s request for comment.

President Donald Trump said Saturday that Venezuela has begun releasing political prisoners. (Mark Schiefelbein/AP Photo)

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Fox News Digital’s Morgan Phillips and Greg Norman-Diamond contributed to this reporting.

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Secretary of Defense Pete Hegseth tours Long Beach rocket factory

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Secretary of Defense Pete Hegseth tours Long Beach rocket factory

Secretary of Defense Pete Hegseth, who is taking a tour of U.S. defense contractors, on Friday visited a Long Beach rocket maker, where he told workers they are key to President Trump’s vision of military supremacy.

Hegseth stopped by a manufacturing plant operated by Rocket Lab, an emerging company that builds satellites and provides small-satellite launch services for commercial and government customers.

Last month, the company was awarded an $805-million military contract, its largest to date, to build satellites for a network being developed for communications and detection of new threats, such as hypersonic missles.

“This company, you right here, are front and center, as part of ensuring that we build an arsenal of freedom that America needs,” Hegseth told several hundred cheering workers. “The future of the battlefield starts right here with dominance of space.”

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Founded in 2006 in New Zealand, the company makes a small rocket called Electron — which lay on its side near Hegseth — and is developing a larger one called Neutron. It moved to the U.S. a decade ago and opened its Long Beach headquaters in 2020.

Rocket Lab is among a new wave of companies that have revitalized Southern California’s aerospace and defense industry, which shed hundreds of thousands of jobs in the 1990s after the end of the Cold War. Large defense contractors such as Northrop Grumman and Lockheed Martin moved their headquarters to the East Coast.

Many of the new companies were founded by former employees of SpaceX, which was started by Elon Musk in 2002 and was based in the South Bay before moving to Texas in 2024. However, it retains major operations in Hawthorne.

Hegseth kicked off his tour Monday with a visit to a Newport News, Va., shipyard. The tour is described as “a call to action to revitalize America’s manufacturing might and re-energize the nation’s workforce.”

Long Beach Mayor Rex Richardson, a Democrat who said he was not told of the event, said Hegseth’s visit shows how the city has flourished despite such setbacks as the closure of Boeing’s C-17 Globemaster III transport plant.

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“Rocket Lab has really been a superstar in terms of our fast, growing and emerging space economy in Long Beach,” Richardson said. “This emergence of space is really the next stage of almost a century of innovation that’s really taking place here.”

Prior stops in the region included visits to Divergent, an advanced manufacturing company in aerospace and other industries, and Castelion, a hypersonic missile startup founded by former SpaceX employees. Both are based in Torrance.

The tour follows an overhaul of the Department of Defense’s procurement policy Hegseth announced in November. The policy seeks to speed up weapons development and acquisition by first finding capabilities in the commercial market before the government attempts to develop new systems.

Trump also issued an executive order Wednesday that aims to limit shareholder profits of defense contractors that do not meet production and budget goals by restricting stock buybacks and dividends.

Hegseth told the workers that the administration is trying to prod old-line defense contractors to be more innovative and spend more on development — touting Rocket Lab as the kind of company that will succeed, adding it had one of the “coolest factory floors” he had ever seen.

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“I just want the best, and I want to ensure that the competition that exists is fair,” he said.

Hegseth’s visit comes as Trump has flexed the nation’s military muscles with the Jan. 3 abduction of Venezuelan President Nicolás Maduro, who is now facing drug trafficking charges to which he has pleaded not guilty.

Hegseth in his speech cited Maduro’s capture as an example of the country’s newfound “deterrence in action.” Though Trump’s allies supported the action, legal experts and other critics have argued that the operation violated international and U.S. law.

Trump this week said he wants to radically boost U.S. military spending to $1.5 trillion in 2027 from $900 billion this year so he can build the “Dream Military.”

Hegseth told the workers it would be a “historic investment” that would ensure the U.S. is never challenged militarily.

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Trump also posted on social media this week that executive salaries of defense companies should be capped at $5 million unless they speed up development and production of advanced weapons — in a dig at existing prime contractors.

However, the text of his Wednesday order caps salaries at current levels and ties future executive incentive compensation to delivery and production metrics.

Anduril Industries in Costa Mesa is one of the leading new defense companies in Southern California. The privately held maker of autonomous weapons systems closed a $2.5-billion funding round last year.

Founder Palmer Luckey told Bloomberg News he supported Trump’s moves to limit executive compensation in the defense sector, saying, “I pay myself $100,000 a year.” However, Luckey has a stake in Anduril, last valued by investors at $30.5 billion.

Peter Beck, the founder and chief executive of Rocket Lab, took a base salary of $575,000 in 2024 but with bonus and stock awards his total compensation reached $20.1 million, according to a securities filing. He also has a stake in the company, which has a market capitalization of about $45 billion.

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Beck introduced Hegseth saying he was seeking to “reinvigorate the national industrial base and create a leaner, more effective Department of War, one that goes faster and leans on commercial companies just like ours.”

Rocket Lab boasts that its Electron rocket, which first launched in 2017, is the world’s leading small rocket and the second most frequently launched U.S. rocket behind SpaceX.

It has carried payloads for NASA, the U.S. Space Force and the National Reconnaissance Office, aside from commercial customers.

The company employs 2,500 people across facilities in New Zealand, Canada and the U.S., including in Virginia, Colorado and Mississippi.

Rocket Lab shares closed at $84.84 on Friday, up 2%.

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