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Shell Oil denial sparks debate over gas prices in California
Bakersfield readers confront rumors that Shell planned to close its refinery to raise profits. AP analysis notes industry underinvestment and tighter domestic supply during the 1999 2006 price boom, while Shell cites nonviable operations and global factors. Critics allege strategic underinvestment to squeeze markets.
MENTIONED IN THIS ARTICLE
Bakersfield
Calif
Texas
California
San Joaquin Valley
Shell Oil Co
U.S. Energy Information Administration
Mideast
China
Pew Research Center
JaRayle Madden
Shell
West Coast
Sept. Il
Public Citizen
Joe Sparano
Western States Petroleum Association
Lynn Laverty Elsenhans
Shell Oil Products US
U.S
Ron Wyden
D-Ore
Wyden
Stan Mays
Federal Trade Commission
FTC