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Oil Watchdog | Archive | October

Archive | October, 2007

Press Release

Oil's Embrace of Enron's Style

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25. October 2007

Oil's Embrace of Enron's Style

10-25-07 by dugan As Shell announced its 3rd quarter results (down a little because U.S. refining profits finally fell below pirate level), chief financial officer Peter Voser broke some new ground. He became the first top Western oil executive to say flatly that oil prices are being driven by speculation and world politics, not lack […]

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Press Release

Watching Conoco's Next Move

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24. October 2007

Watching Conoco's Next Move

10-24-07 by dugan   Nope, no surprise today in ConocoPhillips’ third quarter profit report… down some on lower refining profits, up some on higher oil prices. The net effect was a 5.2% drop from last year’s comparable period. One interesting point in the report was that Conoco, unlike the rest of Big Oil, kept its […]

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Press Release

Only a Pause for BP

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23. October 2007

Only a Pause for BP

NEWS RELEASE October 23, 2007 CONTACT: Judy Dugan, 310-392-0522, ext. 305, or cell, 213-280-0175, or Tim Hamilton, 360-495-4941 BP Profit Drop Just a Pause in Windfall Profits, Says Consumer Group; Company Warned Not to Skimp on Safety, Environmental Protections to Cut Costs Santa Monica, CA — BP’s 29% drop in net quarterly profits to $4.41 […]

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Press Release

Speculation on $100 Oil

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22. October 2007

Speculation on $100 Oil

10-22-07 by dugan   How the heck would oil prices hit $100 a barrel? Because oil speculators really, really want it to. The Wall Street Journal’s Matt Chambers has a concise summary today, noting that futures options betting on $100 oil before the end of the year far outnumber contracts betting on a mere $80. […]

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Press Release

BP Says 'Breathe This'

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22. October 2007

BP Says 'Breathe This'

10-22-07 by dugan   Either no one at BP’s big Carson, CA refinery has seen a TV for two days or its management just doesn’t give a damn about what the neighbors breathe. With Southern California inhaling a pall of smoke from dozens of uncontrollable wildfires, BP today announced  it would start "flaring off" tons […]

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UC System To Lose State $?

22. October 2007

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UC System To Lose State $?

San Jose Mercury News (California) October 22, 2007 by Lisa M. Krieger, Mercury News What if the UC system lost state funding? The University of California-Berkeley’s law and business schools were once largely supported by the state. Now they’re just "state-assisted." In the future, they may be merely state-located. Faced with a huge state deficit, […]

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34% of stations fail pump tests

21. October 2007

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34% of stations fail pump tests

South Florida Sun-Sentinel (Fort Lauderdale) October 21, 2007 by Mc Nelly Torres, South Florida Sun-Sentinel 34 percent of area gas stations fail pump tests in last three years When South Florida drivers buy gasoline, they trust they are getting what they pay for at the pump. But that’s not always the case. Some gas pumps […]

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Refinery margins are the culprit

20. October 2007

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Refinery margins are the culprit

The Kansas City Star (Missouri) October 20, 2007 by Steve Everly, The Kansas City Star Refinery margins have been an ally at the gas pump Drivers caught something of a break in recent weeks: Even as the price of crude oil surged toward $90 a barrel, gasoline prices actually drifted lower. Despite soaring oil prices, […]

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Press ReleaseNews Clipping

Big Oil Gives $500K+ to Giuliani

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19. October 2007

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Big Oil Gives $500K+ to Giuliani

NEWS RELEASE October 19, 2007 CONTACT: Judy Dugan, 310-392-0522 x305 Giuliani Leaps Past $500,000 Mark in Big Oil Contributions; All Presidential Candidates Should Return Oil Industry’s "Dirty Money," Says Watchdog Group Santa Monica, CA — Rudy Giuliani is far ahead of the rest of the presidential pack in contributions from the oil and gas industry, […]

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Oil Prices Soar — But Why?

18. October 2007

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Oil Prices Soar — But Why?

St. Paul Pioneer Press (Minnesota) October 18, 2007 by Kevin G. Hall, Knight Ridder Washington Bureau Oil prices soar — but why? WASHINGTON, DC — When investment bank Goldman Sachs & Co. said in March 2005 that oil prices could surpass $100 a barrel, it was accused of fear-mongering. Oil prices, after all, were around […]

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