Oil

Capitol Watchdog: Upcoming Meetings to Watch

This week marks the first public hearing into the Department of Motor Vehicles' new draft regulations for robot cars. In December, the DMV came out with strong safety protections requiring cars have a steering wheel, gas and brake pedals so humans can take over the cars. Google attacked the rules, but proved the DMV's point when its own data showed that human drivers had to take control of Google robot cars 341 times to avoid a crash or because technology failed.

EXCLUSIVE: Video of Congressional Blowup at Torrance Refinery Explosion Hearing

In a fiery hallway exchange last night at Torrance City Hall, Congressman Ted Lieu rightfully exchanged angry words with Exxon executive Roger Conant, the Refinery Process Manager, about Exxon's refusal to respond to all subpoenas, “I am protecting the residents of Torrance."

Exxon's Torrance Explosion Could Have Been A Catastrophe

When Exxon’s Torrance refinery exploded last February, it injured four workers and took down an air pollution filtration system twelve stories high. That hobbled a refinery feeding Southern California 20 percent of its gasoline, and exacerbated a gasoline price spike. Californians wound up paying $10 billion more for their gasoline than elsewhere in 2015 as refineries gouged and gorged on swollen refining profits.
 

Oil Prediction: Another Year of Gouging Or a Year of Courage?

For California, 2015 was the year of the price spike. Could 2016 be the year of courage? 
 
A year ago, Consumer Watchdog warned that the oil industry would use 2015 to raise gas prices for huge profits and to push its political agenda. Predictably, the industry obscenely raised prices, making 2015  a record year for California gas prices compared to the national average. In Los Angeles, consumers are still paying over a dollar more than the rest of the nation.

Ex-Attorney General Bill Lockyer Explains Why He Is Working For Big Oil

Lockyer Goes To Dark Side, Big Oil

Heading to Sacramento Wednesday to testify on California’s outrageous gasoline price spikes, I was looking for context to explain the $10 billion extra California drivers paid for their gasoline in 2015 compared to US drivers. Then I read the Star Wars series made $4.4 billion worldwide. 
 
An oil oligopoly, anchored by four California oil refiners, that control 78% of the gasoline market, raked in more extra dollars at the pump in one year than one of the most successful movie franchises in history.
 

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