by MN Gordon, Economic Prism
Last Wednesday night, following the Presidential debate, we stepped outside our back stoop and were greeted with the displeasure of a sulfurous odor. It singed our nose hairs. It burned our eyes. We could practically taste it.
At first we thought it was migrational tailings of the gigantic egg President Obama had just laid in Denver wafting over the Rocky Mountains, through the inland desert states, and across the Los Angeles Basin…before settling over Long Beach and the San Pedro Bay. But after a little reconnaissance we learned a hiccup at one of the gasoline refineries in the harbor had belched forth the foul odor.
By Thursday morning the air was fresh. Yet on our way to work we learned that a series of hiccups at refineries across the state had resulted in rapidly escalating gas prices. A power outage at Exxon Mobile’s Torrance refinery limited its service all week. Plus, Chevron’s Richmond refinery has been at reduced production after an August 6 (Read More....)