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Oil Watchdog | Archive | April

Archive | April, 2007

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Big Oil "Shortage" Drives Record Pump Prices

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30. April 2007

Big Oil "Shortage" Drives Record Pump Prices

NEWS RELEASE: April 30, 2007 CONTACT: Judy Dugan, 310-392-0522, ext. 305, or cell: 213-280-0175 Oil Companies Created "Shortage" That Is Driving Record Pump Prices, Says Group; Last Year’s Record Is Shattered at $3.40 for Regular in CA; New U.S. Mark Is Cents Away Santa Monica, CA — Even as crude oil prices fell slightly today, […]

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Billions More In Chevron Profit

28. April 2007

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Billions More In Chevron Profit

The San Francisco Chronicle April 28, 2007 by David R. Baker, Chronicle Staff Writer Billions more in Chevron profit; Earnings jump 18% at San Ramon company even as crude oil prices slump in 1st quarter Soaring gasoline prices and the sale of a Netherlands refinery helped drive Chevron Corp. profits up 18 percent to $4.7 […]

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Supply Shrinks, Gas Prices Rise

28. April 2007

Supply Shrinks, Gas Prices Rise

The Kansas City Star April 28, 2007 by STEVE EVERLY, The Kansas City Star As supply shrinks, gas prices rise; Falling imports, strong demand, insufficient capacity all blamed. Tight gasoline supplies have set the stage for higher fuel prices going into the summer, prompting renewed criticism of refinery profits. Gasoline inventories have struggled to recover […]

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Record Profits Rev Up Chevron;

28. April 2007

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Record Profits Rev Up Chevron;

Contra Costa Times (California) April 28, 2007 by George Avalos, MEDIANEWS STAFF Record profits rev up Chevron; Earnings of $4.72 billion up 18% in 1st qtr despite dip in revenues and $150 million Richmond refinery outage. Chevron Corp.’s first-quarter earnings rocketed 18 percent higher, propelled by handsome refining and gasoline profits, along with an asset […]

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A Connect-the-Dots Moment

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27. April 2007

A Connect-the-Dots Moment

04-27-07 by Dugan   Here’s news that screams “Brought To You By Big Oil” Well-reported stories from the AP and USA Today report a sharp oil price jump after news of a foiled Al Qaeda attack on Saudi oilfields. Duh. Who couldn’t see that story coming?  It’s a real connect-the-dots moment. As I reported earlier […]

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Chevron's Profit, Drivers' Loss

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27. April 2007

Chevron's Profit, Drivers' Loss

04-27-07 by dugan Fuel Refining Margins Zoom, Rest of 1st Q Report Lists Minuses Chevron, like Exxon Mobil and the other major oil companies, saw its earnings in the traditional oil business dip in the first three months of the year, while a broken market allowed it to make up the difference with a sharp spike […]

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Exxon, Valero Profits Jump

27. April 2007

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Exxon, Valero Profits Jump

Los Angeles Times April 27, 2007 by Elizabeth Douglass & Richard Simon, Times Staff Writers Exxon, Valero profits jump; The quarterly gains, coming at a time of soaring pump prices, prompt renewed calls for legislative action. Oil giant Exxon Mobil Corp. and leading refiner Valero Energy Corp. cashed in on soaring gasoline prices during the […]

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Insider Scoop on Bigger Price Spikes

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27. April 2007

Insider Scoop on Bigger Price Spikes

04/27/07 by dugan  Oilwatchdog’s buddy known as “Insider” tells us that gasoline stations are seeing 10-cent-a-gallon increases this week in the gasoline delivered to them by oil companies. It’s more than one company and looks like “systemwide increases,” says Insider. (Sources in the Midwest say dealers report a 13-cent increase there).  Here’s the math on […]

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Press Release

It's ALL about oil

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27. April 2007

It's ALL about oil

04-27-07 by Simpson ExxonMobil is an oil company and Chief Executive Rex Tillerson sees no reason to broaden his horizon to include investing in alternate energy. "I don’t have a lot of technology to add to moonshine," he says of ethanol. Fortune magazine writer Geoff Colvin examines the oil giant’s philiosophy and notes that the […]

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Press Release

Will profs learn from students?

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26. April 2007

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Will profs learn from students?

4-26-07 by Simpson UC Berkeley’s faculty members could learn something from their students.  Unlike the faculty senate’s toothless compromise resolution about the proposed $500 million deal with oil giant BP that could transform the campus into the latest outpost of Big Oil U. — "UCBP" — the student senate’s resolution means something. The Associated Students […]

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