When Ken Cory, an assemblyman from Orange County, was running for state controller 49 years ago, he portrayed himself as “the man oil companies fear the most.” Ever since, California politicians have periodically – when it seemed advantageous – denounced the companies that supply Californians with automobile fuel and other petroleum-based products. The latest is Gov. Gavin Newsom, who seized upon a spike in gasoline prices last year to portray petroleum suppliers as price-gouging leeches. He persuaded the Legislature to impose state oversight on their finances and, if warranted, fine them for excess profits. Newsom also signed legislation to restrict the siting of new oil wells, and the indu
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