Torrance

$14 Billion Cost of Exxon Refinery Outage Makes Case for New Refinery Regulations

A study by the Rand Institute puts in perspective the need for new oil refinery regulations that the oil industry has long resisted. The Rand pegs the year-plus Exxon Torrance refinery outage as the most expensive in California history, costing consumers an extra $2.4 billion at the pump in the first 6 months alone and taking a $6.9 billion bite out of the state economy.
 

Will Exxon Get Away Scot Free From California Before Making Torrance Safe?

It looks like ExxonMobil might just make a clean getaway and unload its Torrance refinery onto independent refiner PBF Energy without making the facility any safer before Exxon skips town.

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.
 

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