California Lawmakers Pounce on Energy Board Amid Departing Oil Refineries: “We Have a Crisis on Our Hands”
May 25, 2025
CBS News
Severin Borenstein, Energy Institute Faculty Director, explores on CBS News the possibility of an increase in the cost following the closure of oil refineries in California.
“‘I think if we are not prepared for the closure of these two refineries, we could see a very abrupt increase in prices,’ Borenstein said. ‘That is a real threat right now. California needs to get out ahead of it. This is a fire drill, this is not a long-term planning problem.'”
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