As the sun rises in the Earth Day sky toward high noon, the California Energy Commission in Sacramento will be ground zero for the debate on what to do about the highest gasoline prices in the nation, which California has endured all year due to record profits by California oil refiners.
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.
Governor Brown appointed the California Energy Commission (CEC) Petroleum Market Advisory (PMAC) to look into potential market manipulation by oil refiners in the state.
That's going to be hard to do now that the trade association for oil refiners, the Western States Petroleum Association, is telling the CEC and PMAC it won't participate in any discussions about supply disruptions or gas price spikes. In other words, FU.
The mailer that landed in thousands of Angelenos’ mailboxes earlier this week slamming California’s signature legislation to slash petroleum use in cars and trucks in half by 2030 was sent by a grassrootsie-sounding group called the California Drivers Alliance.
The power of California’s oil refiners is always felt but rarely visible in Sacramento. It was on full display at Wednesday’s press conference when the Governor, State Senate leader and Assembly Speaker acknowledged that California's effort to lead the world by cutting petroleum use in half was dead for the year due to oil company lobbying and advertising.