Energy

NJ Company Purchasing Exxon Torrance Refinery

September 30, 2015  ·  Mark Reback

<p>A New Jersey-based oil refining company announced today it is purchasing the ExxonMobil refinery in Torrance that was badly damaged in a February explosion, with the $527.5 million deal expected to close in the second quarter of 2016.</p> <p>The deal, subject to "customary closing conditions and regulatory approvals," will also not be closed until the refinery is "restored to full working order," according to the buyer, PBF Energy.</p>

ExxonMobil Cover Up?

September 24, 2015  ·  Mark Reback

<p>Consumer Watchdog Wednesday accused ExxonMobil of a cover up following an explosion at its Torrance refinery in February that sent gas prices spiraling.</p> <p>In his accusation against ExxonMobil, Consumer Watchdog President Jamie Court says the company is refusing to turn over requested documents and hiding an employee key to the probe from investigators.</p> <p>Court says the explosion caused a fuel prices to skyrocket, leaving California drivers stuck paying six-billion dollars more for gasoline an the rest of the country.  Tom Perumean, KABC NEWS.</p>

Exxon Mobil Scraps Plans For Temporary Fix To Damaged Torrance Refinery

September 23, 2015  ·  Mark Reback

<p>Just when Southern California motorists were expecting to see some relief from high gasoline prices in the next few weeks, they now may have to wait well into next winter — at least.</p> <p>Exxon Mobil Corp., still at loggerheads with air quality regulators over a short-term fix for the company's damaged Torrance refinery, appears poised to build a new pollution-control system that meets antipollution specifications, several experts briefed on the matter said.</p>

Exxon Refinery Explosion Has Lasting Effect on Gas Prices: Consumer Group

September 23, 2015  ·  Mark Reback

<script type="text/javascript" charset="UTF-8" src="http://www.nbclosangeles.com/portableplayer/?cmsID=328960021&videoID=cuJv2hcOK71F&origin=nbclosangeles.com&sec=news&subsec=local&width=600&height=360"></script> <p class="paragraph" data-pnum="1">Members of a consumer-advocacy group accused ExxonMobil today of trying to subvert an investigation into a February explosion at the company's Torrance refinery, saying the firm is refusing to turn over requested documents and hiding an employee key to the probe from investigators.</p>

Lower L.A. Gas Prices Coming Soon? Exxon Mobil Is Poised To Increase Output At Torrance Refinery

September 11, 2015  ·  Mark Reback

<p>Exxon Mobil's plan to increase production at its Torrance refinery appears on track for approval, which could help lower gasoline prices in the Los Angeles region within weeks.</p> <p>The latest schedule would bring Exxon Mobil Corp. before the South Coast Air Quality Management District on Thursday seeking permission to use an old pollution-control system to replace one destroyed in an explosion at the Torrance plant in February.</p>

Does DWP Overcharge Scandal Extend to Sweetheart Settlement With Over-billing Lawyer? Judge Puts Brakes On Settlement

September 10, 2015  ·  Jamie Court

<p><img class=" alignright size-full wp-image-2893" alt="" src="http://consumerwatchdog.org/wp-content/uploads/2015/09/images_lopezdwpbill.jpg" style="width: 120px; height: 90px; margin-left: 7px; margin-right: 7px; float: right;" width="120" height="90" /></p> <p>The LA Department of Water and Power's overbilling scandals are epic. They include <a href="http://www.latimes.com/local/california/la-me-lopez-dwp-big-bills-20150520-column.html">an elderly couple who are Soviet emigrees and lived in fear because DWP issued a $50,000 bill to them</a>.  When they complained, they were told to check for a leaky toilet.</p>

U.S. Gasoline Prices Projected To Hit $2.03 By December

September 10, 2015  ·  Mark Reback

<p>U.S. gasoline prices are projected to fall through the end of the year to almost $2 a gallon -- but California drivers won't be so fortunate.</p> <p>The U.S. Energy Information Administration said Wednesday that low oil prices and the end of the summer driving season will continue to propel a decline in gasoline prices nationwide.</p> <p>AAA reported the current national average for a gallon of regular gasoline at $2.38. In California, the state average was $3.25, and the Los Angeles region was at $3.45 a gallon.</p>

Capitol Watchdog | Big Oil Slick Captures Capitol

September 10, 2015  ·  Jamie Court

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The Next Three Weeks In Sacramento Could Change Everything

August 26, 2015  ·  Carmen Balber

<p><a href="http://capitolwatchdog.org/article/three-weeks-sacramento-could-change-everything#overlay-context=article/three-weeks-sacramento-could-change-everything"><img class=" alignright size-full wp-image-2887" alt="" src="http://consumerwatchdog.org/wp-content/uploads/2015/08/bigoilvspeoplemail2.png" style="width: 250px; height: 124px; margin-left: 7px; margin-right: 7px; float: right;" width="1200" height="596" /></a>The future of the Earth, and California's dependence on Big Oil, could be determined in these last three weeks of the Legislative session.    </p>

Another View: Big Oil Is Gouging Californians

August 19, 2015  ·  Mark Reback

<div id="content-body-16194260-31551845"> <p>The math is so simple, anyone should be able to grasp it: Triple the gasoline prices + Triple oil refiner profits = Golden State Gouging.</p> <p>Instead, Dan Walters ignores facts and misuses gas pricing data to wrongly blame environmental standards for unprecedented pain at the pump that is the result of historic oil industry profiteering (“<a href="http://www.sacbee.com/news/politics-government/dan-walters/article30735885.html" target="_blank" title="" rel="noopener">Steyer’s flunking logic test</a>,” Aug. 12).</p>

Big Oil’s Shadow War On Billionaire Steyer

August 19, 2015  ·  Mark Reback

<p class="TEXT_w_Indent">Oil companies that bankrolled a $9.7 million effort in 2014 to block laws against fracking in California now are focusing their sights on Tom Steyer, the billionaire hedge- fund founder turned climate-change activist.</p> <p class="TEXT_w_Indent">The top individual political donor in the United States last year, Steyer has put millions of his $2.7 billion personal fortune into the cause, hired Gov. Jerry Brown’s former top spokesman and challenged Chevron Corp. Chief Executive John Watson to a public debate on gas prices.</p>

Gas Prices Falling Nearly Everywhere But California

August 10, 2015  ·  Mark Reback

<h3 itemprop="alternativeHeadline">California consumer groups cry foul but oil companies blame elements beyond their control</h3> <p>Gas prices are tumbling, except where they're not. Nationwide, average prices are falling at the fastest rate since January due to cheaper crude oil costs and the resolution of some refinery issues but in California, the gap between local prices and the rest of the country is bigger than ever.</p>