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Video
7/16/2013
July 16 (Bloomberg) -- Billionaire Tom Steyer, founder of Farallon Capital Management LLC, talks about today's release of a report by the non-profit organization Consumer Watchdog that says completion of TransCanada Corp.'s Keystone XL pipeline will raise gas prices in the U.S. Steyer speaks with Betty Liu on Bloomberg Television’s...
News Release
5/17/2013
CONTACT 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...
Blog Post
4/21/2013
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...
Blog Post
2/13/2013
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
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
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...
Blog Post
12/13/2012
By Liza Tucker
Who would want two companies, Tesoro and Chevron, to control more than half of California's gasoline market? Only people, like oil company executives, who think paying five dollars a gallon should be the new normal. That could happen, though, if a deal goes through for Tesoro to buy BP's refinery in Carson and its low-cost Arco brand. In...
Video
11/15/2012
The October spike, which mostly affected California, was found to be about 66 cents higher per gallon of gasoline than should have been the case based on historical patterns of oil prices and gasoline inventories.
Blog Post
11/1/2012
By Liza Tucker
If there’s one industry that has free rein in California, it’s the refinery business.  California doesn’t regulate supplies of gasoline, so refineries here only keep around ten days on hand, instead of the more than three week supply most refineries do in other states. We’ve only got 14 refineries here making gasoline...
Blog Post
8/8/2012
By Judy Dugan
More than two hours passed at Chevron's Richmond, CA, refinery between the discovery of a leak and the ignition of a blaze that threatened the health of thousands of nearby residents and sent hundreds to hospital emergency rooms Monday night. At any point during those hours, shutting down the big crude-oil processing unit in which a pipe was...