Disposing of Potential Liability

The Nasty Cleverness of the Petroleum Industry​

   Thomas O'Malley might have been the first one to see the enormous potential for profits to be made by LLCs willing and able to run their failing refineries into the ground.  There was a time when the petroleum Industry scrupuously kept their infrastructure up to date.  Then, they realized their industry was doomed because of failing reserves and the advent of better, cleaner, and cheaper sources of energy.  Therefore, they had to plan ahead.
    It is a simple business plan.  Do not maintain infrastructure; diversify into clean energy and related opportunities; shed infrastructure, such as refineries, before they blow up and you are faced with potentially billion-dollar liabilities.
    But how to divest themselves of failing infrastructure and toxic waste? 
   Enter such opportunities as Thomas O'Malley.  First, O'Malley tried out his scheme in Europe, then he relocated to the US.   Using a series of LLCs, staffed with his cadre of followers, O'Malley buys the refinery and begins operations.  The operation limps along, the local area enduring near-disasters, smoke, toxic fumes, and increasingly bad conditions until a total break down takes place.  
    Then, the LLP declares bankruptcy and O'Malley and company skip away into the distance to live a life of incredible opulence on their ill-gotten gains.  
    O'Malley saw the opportunity decades ago.  

Tuesday, June 21, 2016
                                                           Explosive Profits
 
                                          The Story of Tom O'Malley
                                         by  Dave Lincoln & Melinda Pillsbury-Foster

    Tom O'Malley is making his exit from a stage where he has occupied the central role in an ongoing scheme to convert aging refineries into explosive sources of profits for himself and his team. This month, the last of the corporate shells he used to move the action along, PBF Energy, is about to acquire Exxon's Torrance Refinery, located near enough to downtown Los Angeles to allow the potential explosion from the refinery to light up the sky at the Los Angeles Court House.
        In June 2016, PBF will, presumably, add to its stable of four aging refineries with the acquisition of the EXXON Torrance Refinery for a half Billion dollars. This 85-yr-old, trouble-plagued refinery is one of the most dangerous industrial facilities in any major metropolitan area in the United States. For the reasons documented for the first time in this report, we must stop this sale and shut down this plant to prevent a catastrophe in the Los Angeles area.    MORE


Thomas O'Malley

                                 Flares to the World - Exxon, PBF et al
Solving the problem of the Torrance Refinery 
– A Real Solution




By EcoAlert Agents
Melinda Pillsbury-Foster and Dave Lincoln



The identity of the party, or parties, responsible is the most important issue when investigating negligent behavior threatening harm to people, property, or both.  Acting in blatant disregard for harm to others can be approached either as a civil or criminal matter depending on if the hazards were known and why the parties failed to act on a timely basis. 

Consider the potential for liability faced by the corporations who have the Torrance Refinery, the governmental bodies who have allowed these conditions to continue after the potential impact on residents was clear to them.  MORE

Saturday, May 7, 2016
                                              Exxon – What They Are Still Hiding




                                                           Written for EcoAlert
                                       By Melinda Pillsbury-Foster and David Lincoln
                                                              About the article

We have been investigating the connection between Exxon’s Climate change denial and their policies towards refinery maintenance and operations policy. In particular, we are interested in how decisions at the highest levels of the major oil companies have impacted the rate of accidents and other major refinery incidents. MORE
Thursday, July 7, 2016
                                                           

                                                        PBF Energy, Inc., Moves Back from Danger

                                                                                      by Melinda Pillsbury-Foster, EcoAlert


It is important to know exactly what you are dealing with when facing off with a petroleum company. While you are not yet familiar with Torrance Refining Company you should understand pains were taken to limit their liabilities. They did not use their full name, which is, “TORRANCE REFINING COMPANY LLC. You can read about what 'limited liability' more fully HERE.
But this is probably the most important part of the definition for you to contemplate.
“Like a corporation, a limited liability company or "LLC," is a separate and distinct legal entity. This means that an LLC can get a tax identification number, open a bank account and do business, all under its own name.    MORE

Friday, September 21, 2018

                                              PBF TOSCO CONNECTION
                                                           By Dave Lincoln


EXXON - PBF - TOSCO CONNECTION
      The long and twisted history of how Exxon and other refiners unload their worst assets.
      Thomas D. O’Malley has served as Executive Chairman of the Board of Directors of PBF Energy since its formation in November 2011, served as Executive Chairman of PBF LLC and its predecessors from March 2008 to February 2013 and was our Chief Executive Officer from inception until June 2010. Mr. O’Malley has more than 30 years of experience in the refining industry.  FROM

Thomas D. O'Malley