BUSINESSCALMATTERS
Aging oil refineries don’t need more public dollars. California should let them retire
Aging oil refineries in California, such as Phillips 66 and Valero Benicia, have shut down, reducing the state’s refining capacity by 17%. The article argues California should stop subsidizing these aging refineries and instead focus on ensuring gasoline supply stability through imports and infrastructure, while supporting environmental regulations and the shift to electric vehicles.
Mentioned
Related Signal
Adjacent reporting
- California overhauls carbon market — critics say it’s a giveaway to oil
- Big Oil CEOs Warn Energy Market Is Moving Closer to Cliff’s Edge
- California is aging fast — and socialism won’t make us younger
- With Phillips 66 oil refinery closing, some South Bay residents worry they’re being left out
- Time to bring California’s regulatory regime to heel
- The Petroleum System Is Entering Its Volatile Decline Phase