Refinery closures increase uncertainty about California’s fuel future

Refinery closures increase uncertainty about California’s fuel future

Multiple refineries in California have recently declared their intentions to shutter operations, leaving the Golden State uncertain about future fuel supplies and impacts on prices at the pump. Valero Energy Corp. was the latest to make such an announcement, alerting the California Energy Commission (CEC) last month that it would “idle, restructure or cease refining operations”…

Another refinery closure in California increases the States’ dependency on China.

Over the last several decades, California’s passion to transition away from fossil fuels has overregulated and overly burdened just the SUPPLY of oil production and refining but has not reduced the increasing materialistic DEMANDS of the world for the more than 6,000 products and transportation fuels made from those fossil fuels. Thus, China is savoring the future with their many refineries coming online to meet the DEMANDS of society.