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News Story
5/20/2013
Posted by Mark Reback
Tesoro won U.S. and state clearance to buy BP's Carson refinery, Arco stations and other assets for $2.4 billion. Consumer advocates object.
Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's...
News Release
5/17/2013
Posted by Liza Tucker
SANTA MONICA, CA –A green light that Tesoro’s purchase of BP’s big refinery in Carson complies with anti-trust laws means over time gas prices will go up in the state, Consumer Watchdog said today. The approval by the Federal Trade Commission and California Attorney General of Tesoro’s acquisition of BP’s Carson...
News Story
5/17/2013
Posted by Mark Reback
WASHINGTON/HOUSTON (Reuters) - Refiner Tesoro Corp. (TSO.N: Quote, Profile, Research, Stock Buzz) has received formal approval from antitrust regulators in Washington and Sacramento on Friday to buy BP Plc's (BP.L: Quote, Profile, Research, Stock Buzz) refinery and other assets in southern California for more than $2 billion.
Tesoro will not...
Blog Post
4/21/2013
Posted by Jamie Court
The New York Times report today that the Koch brothers have moved closer to purchasing The Los Angeles Times sent shivers through Angelenos like me who cling to Thomas Jefferson’s admonition about the importance of the freedom of the press.
"The only security of all is in a free press,” Jefferson wrote to Lafayette in 1823...
News Story
3/24/2013
Posted by Mark Reback
Are you ready for $6-per-gallon gasoline? Then $7 a little later?
Premium grades of gasoline already go for more than $5 per gallon in some parts of California; regular skyrocketed to above $4.50 for a month at hundreds of service stations.
There is no promise these near-record price levels will drop anytime soon, especially with summer...
News Story
3/4/2013
Posted by Mark Reback
Are you ready for $6-per-gallon gasoline? Then $7 a little later?
Premium grades of gasoline already go for more than $5 per gallon in some parts of California; regular has been above $4.50 for a month at hundreds of service stations.
There is no promise these near-record price levels will drop anytime soon, especially with summer approaching and...
News Story
2/16/2013
Posted by Mark Reback
When consumers buy a car, they take the EPA’s mileage sticker — such as 33 miles per gallon highway, 27 city — as a fair comparison with other vehicles.
But does the sticker always deserve that trust?
The United States is thought to have the toughest fuel economy standards and enforcement in the world. But that reputation...
Blog Post
2/13/2013
Posted by Judy Dugan
It was a relief to hear more than a passing reference to climate change in President Obama's State of the Union Speech, including promises of more support for wind and solar power. But the oil industry heard nothing to even cause even a smidgen of concern.
Asking Congress to "get together to pursue a bipartisan, market-based...
Blog Post
1/31/2013
Posted by Judy Dugan
The news reports were on the gee-whiz side this week as state job safety regulators announced nearly $1 million in fines--the largest ever!-- against Chevron for its refinery blaze last August. But "largest ever" only means that the levy hit the state's $1 million cap on such fines. For Chevron, whose yearly profits are...
Blog Post
1/28/2013
Posted by Judy Dugan
California's oil and gas industry regulators are about to write final state regulations on the controversial practice of fracking natural gas and oil wells in the state. Don't expect any backbone, however, from the state Department of Oil, Gas and Geothermal Regulation. So far, the draft proposals boil down to "trust the oil industry...
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