To the editor: If Phillips 66 and Valero want to abandon their refineries, doesn’t the state have a proper to take them over (“California Democrats push reforms to forestall refinery shutdowns,” June 27)? And as soon as that’s accomplished, doesn’t it appear possible that somebody (perhaps even a former Phillips 66 or Valero government) could be completely happy to buy them for simply the worth of the property with out having to pay a premium for a going enterprise? And because the particular blends price extra to the buyer, isn’t it possible that there could be a large revenue with out the necessity to cheat the general public out of the estimated 80-cents-plus ghost payment?
It appears to me this can be a win-win state of affairs. The refiners eliminate their undesirable properties, the state makes cash, another firm makes cash and the general public is just not gouged. Drawback solved.
Joel Drum, Van Nuys
