Hol
Well-known
California set out to be the nation’s leader in the energy transition, but it isn’t going quite as planned.
In October, Phillips 66 announced it was closing down its Los Angeles-area refinery, which analysts say was the result of the state’s hostility toward its oil industry. Then in April, Valero announced it would cease operations at its San Francisco-area refinery in April 2026.
Facing serious shortfalls of gasoline, jet fuel and diesel, the state is now hoping to broker a deal for a buyer to take over the Valero refinery, Reuters reported, so that it may keep the facility running. The California Energy Commission (CEC) wouldn’t confirm its engaging buyers directly, but it did confirm to Reuters that it’s trying to keep the facility open.
University of Southern California professor Michael Mische told Just the News that California Gov. Gavin Newsom, a Democrat, and the state’s legislature weren’t quite prepared for one refinery shutting down. With a second refinery closing and possibly more to follow, the state may be starting to consider the possibility that petroleum might not be as dispensable as they thought. The state's Assembly has been in Democratic hands since 1970, and the Senate has been under Democratic control since 1975.
justthenews.com
In October, Phillips 66 announced it was closing down its Los Angeles-area refinery, which analysts say was the result of the state’s hostility toward its oil industry. Then in April, Valero announced it would cease operations at its San Francisco-area refinery in April 2026.
Facing serious shortfalls of gasoline, jet fuel and diesel, the state is now hoping to broker a deal for a buyer to take over the Valero refinery, Reuters reported, so that it may keep the facility running. The California Energy Commission (CEC) wouldn’t confirm its engaging buyers directly, but it did confirm to Reuters that it’s trying to keep the facility open.
University of Southern California professor Michael Mische told Just the News that California Gov. Gavin Newsom, a Democrat, and the state’s legislature weren’t quite prepared for one refinery shutting down. With a second refinery closing and possibly more to follow, the state may be starting to consider the possibility that petroleum might not be as dispensable as they thought. The state's Assembly has been in Democratic hands since 1970, and the Senate has been under Democratic control since 1975.
Facing fuel shortages, California seeks a buyer for a retiring refinery to increase production
With a second refinery closing and possibly more to follow, Newsom may be forced to consider the possibility that petroleum might not be as dispensable or easily replaceable as he thought.
justthenews.com
