Will Chevron Close Its Richmond Refinery?

There’s been a lot of speculation in the past couple of days that Chevron may decide to close its 100-year-old Richmond refinery because of declining revenues. Drew Voros, business editor for the Oakland Tribune and Contra Costa Times, is already blaming environmentalists and liberal members of the Richmond City Council who have fought to stem pollution at the refinery for years, claiming that they’re the causing Chevron to close the refinery. However, an industry expert quoted in today’s San Francisco Chronicle says it’s unlikely that Chevron will pull up stakes in Richmond, because there’s too much money to be made in the California market.

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