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Oil Watchdog | Archive | February

Archive | February, 2008

Oil gushes past $100

20. February 2008

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Oil gushes past $100

Los Angeles Times February 20, 2008 by Elizabeth Douglass & Tom Petruno, Times Staff Writers Oil gushes past $100 The price of crude rises $4.51 to a closing record of $100.01 as commodities rally The petroleum world produced a record Tuesday, which was bad news for consumers. Frenzied trading sent crude oil surging above $100 […]

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Oil price tops $100

20. February 2008

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Oil price tops $100

The San Diego Union-Tribune February 20, 2008 by Dean Calbreath, UT STAFF WRITER Oil price tops $100, increasing concerns Higher costs feared for gas, other goods  The price of crude oil closed above $100 a barrel for the first time yesterday, raising the specter of higher prices for gasoline, food, plastics and an array of […]

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Press Release

Price Spike, in Spades

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19. February 2008

Price Spike, in Spades

2-19-08 by dugan     Let’s see. Gasoline is up eight cents a gallon in the last week for regular. Oil prices hit $100 a barrel today, ginned up by speculators "worried" about Venezuela, Nigeria, a refinery fire in Texas, you name it. Refiners are cutting back production deliberately, aiming to drive the price of […]

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Press Release

Gamblers Get Their $100 Oil

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19. February 2008

Gamblers Get Their $100 Oil

2-19-08 by dugan   If I told you that Venezuela’s crackpot leader Hugo Chavez is responsible for crude oil hitting $100 a barrel in futures trading today, would you believe me? I hope not. But the speculators who drove up the price are pointing wildly at Chavez’s spat with Exxon, at a refinery fire in […]

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Press Release

Congress Yawns At $3 gasoline

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18. February 2008

Congress Yawns At $3 gasoline

2-18-08 by dugan     Where’s Congress? When it comes to oil and gasolne prices, our elected officials are has hard to find as Waldo. Speculators today shoved oil prices are back up to $96 a barrel, and gasoline prices are once again above $3.00 a gallon nationally. Reporters searching for a reason feebly cite […]

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Press Release

All Hail Exxon

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14. February 2008

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All Hail Exxon

2-14-08 by dugan (and thanks to Mark Reback for the tip)     I can’t believe Investors Business Daily would do so little checking of an editorial on Tuesday slamming the critics of ExxonMobil, from Sen. Carl Levin to our small foundation. As a former editorial writer, I’m reluctant to call attention to such a […]

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Record gas prices by spring

13. February 2008

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Record gas prices by spring

Gasoline prices, already up 72 cents a gallon over a year ago, are poised to go higher — possibly shattering records. The federal Energy Information Administration on Tuesday projected the price of regular gasoline, now averaging $2.96 a gallon nationwide, will hit a monthly average near $3.40 by spring. The prediction of higher prices comes […]

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Press ReleaseNews Clipping

Chevron's Greenwash-and-Run

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11. February 2008

Chevron's Greenwash-and-Run

2-11-08 by dugan     Chevron’s PR whizzes pulled out the stops in 2006 and early 2007 to promote the oil company’s investment in a Texas biodiesel producer. Chevron made sure that every energy reporter and much of the public knew about Chevron’s dazzling green commitment, a "22% stake" in the startup, Galveston Bay Biodiesel. […]

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Press ReleaseNews Clipping

Pumping Up The Dow

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11. February 2008

Pumping Up The Dow

2-11-08 by Court Looks like the Dow Jones is looking for some speculative boost to the topsy-turvy, overall-sagging fortunes of Wall Street. Altria (aka Phillip Morris) and Honeywell are off of the Dow Jones Industrial Average. Chevron and Bank of America are in.   The Wall Street Journal alert says, "The change is the first in […]

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BP Sees Lower Profits

7. February 2008

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BP Sees Lower Profits

British Petroleum Sees Lower Profits than Other Oil Companies February 07, 2008 By Miranda Marquit, SeekingAlpha.com Despite lower profits, BP is seeing rise in stock price. BP is often considered the least successful of Big Oil companies. It had the lowest profits of the major Big Oil companies last quarter. Indeed, with a $3 billion […]

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