SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (1534355)4/18/2025 5:14:11 PM
From: Eric1 Recommendation

Recommended By
rdkflorida2

  Respond to of 1570078
 
T

That refinery is pretty old:

The refinery was built in 1968 for Humble Oil and completed in 1969. Humble Oil changed its name to Exxon in 1972. Valero purchased the property in 2000.

In October 2024, the Bay Area Air Quality Management District and California Air Resources Board issued an $82 million fine over air pollution violations at the Benicia Refinery, following a 2019 inspection, with the fine being the largest in the Air District's history. [2]


en.wikipedia.org

Functionally obsolete and not worth upgrading due to it's age.

Emission requirements.

More and more old refineries are shutting down as demand for liquid refined products drops permanently as more electrification of surface transportation takes place, especially in California.

Eric



To: Tenchusatsu who wrote (1534355)4/18/2025 6:17:32 PM
From: miraje1 Recommendation

Recommended By
longz

  Respond to of 1570078
 
Valero announces closure of Benicia refinery by next year, citing CA regulations and high costs

And another one bites the dust. Phillips 66 was the last one, Chevron next? From the link below..

...According to representative Fong and several other sources, at one time in the late seventies, somewhere between 40 to 50 refineries were operating in the state of California.

Depending upon who you talk to, that number is now down to about 7 full refineries and 5 smaller, privately owned refineries
...

California should be named the Vaseline State, as voters there seem to like taking it up the yang. Not just the highest gas prices, but the 2nd highest electricity prices in the US (behind only Hawaii). Also, from the below link (read it and weep)..

... Policies such as ABX2-1 signed into law by Governor Newsom October 14th of 2024, tightening the state's control over the California transportation fuels market.

Policies that Fong says, he and others warned the governor about.

"Not only did I warn the governor, but also the governor of Arizona and the governor of Nevada," Fong exclaimed. Arizona and Nevada both warned the governor, bipartisan concern, that this was going to lead to shortages and this was going to cause more refinery closures
...

I've said it before and I'll say it again, NV and AZ need to wake up before CA implodes. Get off the CA fuel tit before it completely dries up and build pipelines to the east, or better yet, build some local refineries..

kmph.com



To: Tenchusatsu who wrote (1534355)4/18/2025 7:39:55 PM
From: Wharf Rat1 Recommendation

Recommended By
pocotrader

  Read Replies (4) | Respond to of 1570078
 
"High gas prices is one reason why we have the Mango Mussolini ruling over America again."

Higher prices might be one reason why we get rid of him, assuming we have another election. But, I digress, while noting that his recession will prolly hurt all vehicle sales, not just EVs.

Tesla's California Sales Tank Amid A Grim Quarter For The ...

Forbes
forbes.com › Innovation › Transportation



2 days ago — Total EV sales in the state rose 7.3% to 96,416, according to the report. Big gainers included GM, which saw a 62% jump for Chevrolet-brand EVs, ...