Phillips 66 says it needs to import tar sand crude oil from Alberta, Canada, in order to keep its Nipomo refinery in operation. Not true. The Central Coast is awash in oil from its canyons and offshore platforms — all delivered by relatively safe pipelines. The use of oil fracking technology is increasing the production even more. Local oil production has increased by 60 percent over the past 13 years.
The refinery production capacity is 48,000 barrels of local oil a day, and it has operated at near capacity for many years. Phillips 66 proposes to import 38,000 barrels of Canadian crude oil per day because it is cheaper, and for every dollar less per barrel that Phillips 66 pays, it earns $485 million in profit. It’s easy to do the math. If the company imports foreign oil, then most local oil will not be refined here, and pumping will have to be curtailed.
Ironically, it will be local oilfield workers in Price Canyon and Arroyo Grande who are at risk for losing their jobs — not Phillips 66 employees.
The importation of dangerous foreign crude oil in mile-long oil-bomb trains directly endangers 95,000 county residents who live in the blast zone of a derailment and may very well kill local jobs.
We get all the risk, Phillips 66 gets millions in profits.