Are Higher California Margins Worth The Hassle For Refiners? -- RBN Energy -- September 22, 2017 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Are Higher California Margins Worth The Hassle For Refiners? -- RBN Energy -- September 22, 2017, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Are Higher California Margins Worth The Hassle For Refiners? -- RBN Energy -- September 22, 2017
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Are Higher California Margins Worth The Hassle For Refiners? -- RBN Energy -- September 22, 2017

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RBN Energy: Are higher California margins worth the hassle for refiners? Bottom line:

Caught in a stifling regulatory environment and with the state chipping away at their market share in favor of electric cars and renewables, California’s refiners have to weigh the rewards of higher margins today against a questionable future tomorrow. During years like 2015 when the Torrance refinery was offline, higher margins benefited those refineries left standing. And similar price spikes are bound to recur whenever unexpected outages bring down one or more plants in the future. But such boosts in margin are limited and random in nature and arguably don’t compensate for an environment in which plant upgrades and expansions face a minefield of regulatory constraints. Unfortunately, the situation is unlikely to improve as electricity and renewables grab a bigger bite of the transport fuel market.

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