Welcome to “Back in Session,” a podcast focused on exploring various state-level policies and legislation shaping our nation, one state at a time. Join our hosts, Ryan Stevens and Ryan DeMara from Duane Morris Government Strategies, as they engage a diverse range of guests to bring you behind the scenes of the legislative process.
Whether you are a policy wonk looking to dive into recent legislative developments, or a curious citizen interested in getting to learn more about the issues in your state and beyond, “Back in Session” is the podcast for you. Each episode offers fresh perspectives, shedding light on challenges and opportunities that shape policy landscapes in states around the country.
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In this episode of The Back in Session Podcast, hosts Ryan Stevens and Ryan DeMara are joined by Brendan Williams from PBF Energy. They delve into the state of energy policy, the refining sector, and the challenges posed by electric vehicle mandates and renewable energy transitions. Brendan offers insights into his career, the pivotal role of refiners, and how energy policies impact consumers.
About PBF Energy:
They are one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. They sell their products throughout the Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico, and are able to ship products to other international destinations. They own and operate six domestic oil refineries and related assets. Their refineries have a combined processing capacity, known as throughput, of approximately 1,000,000 barrels per day (“bpd”), and a weighted-average Nelson Complexity Index of 12.7 based on current operating conditions. The complexity and throughput capacity of their refineries are subject to change depending on configuration changes made to respond to market conditions, as well as investments aimed at improving their facilities and maintaining compliance with environmental and governmental regulations.
They operate in two reportable business segments: Refining and Logistics. Their six oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products, representing the Refining segment. PBFX operates certain logistical assets, such as crude oil and refined products terminals, pipelines, and storage facilities, which represent the Logistics segment.
Their six refineries are located in Delaware City, Delaware; Paulsboro, New Jersey; Toledo, Ohio; Chalmette, Louisiana; Torrance, California; and Martinez, California.
In this episode of The Back in Session Podcast, hosts Ryan Stevens and Ryan DeMara are joined by Brendan Williams from PBF Energy. They delve into the state of energy policy, the refining sector, and the challenges posed by electric vehicle mandates and renewable energy transitions. Brendan offers insights into his career, the pivotal role of refiners, and how energy policies impact consumers.
Key Takeaways
- Refining’s Role in Society
- Beyond fuels, refineries produce essential goods like medical supplies and EV components.
- The Cost of EV Mandates
- Can the U.S. realistically transition to all-electric vehicles by 2035? Brendan explores why this timeline may be too ambitious.
- California’s Regulatory Landscape
- Learn how aggressive policies have increased fuel prices and made California more dependent on foreign energy.
- Balancing Energy Needs and Environmental Goals
- A diversified approach is essential for achieving both energy security and sustainable progress.
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