50104--2/26/2007--TESORO_CORP_/NEW/

related topics
{loss, insurance, financial}
{operation, natural, condition}
{product, candidate, development}
{gas, price, oil}
{cost, regulation, environmental}
The dangers inherent in our operations and the potential limits on insurance coverage could expose us to potentially significant liability costs. Our operations are subject to general environmental risks, expenses and liabilities which could affect our results of operations. We are subject to interruptions of supply and increased costs as a result of our reliance on third-party transportation of crude oil and refined products. The pending acquisitions of the Los Angeles Assets and of the USA Petroleum retail stations are subject to regulatory approvals that could delay or prevent us from acquiring the assets. Terrorist attacks and threats or actual war may negatively impact our business.

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