Sky-high gas prices in California reveal energy infrastructure ripe for sudden collapse
by Mike Adams
Sunday, October 07, 2012
If you’re in California, you’re paying sky-high prices for gasoline this week. At some stations, prices are over $5 a gallon. But you might not be aware of why you’re paying this price. The answer may be more than a little disturbing: California’s energy infrastructure is so fragile that a power outage at a single gasoline refinery caused state-wide prices to skyrocket.
Yep, an Exxon Mobil refinery in Torrance was knocked offline several days ago by a local power outage. This, in turn, caused a sudden spike in gasoline prices state-wide. This whole fiasco may have been set off by something like a single electrical transformer failing somewhere along the electrical supply chain.
Our energy infrastructure is more fragile than you think