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Oil Watchdog | Archive | May

Archive | May, 2008

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Greasing The Wheels

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16. May 2008

Greasing The Wheels

5-16-08 by simpson Chevron Corp. just gave $100,000 to Gov. Schwarzenegger’s Dream Team Committee making the oil giant the 14th biggest contributor to Arnold since 2003. Chevron has given his various committees a total of $765,800. The most recent infusion of cash came on May 5 just before the Public Utilities Commission signed off on […]

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Press Release

Hybrids Making $ense

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15. May 2008

Hybrids Making $ense

5-15-08 by dugan     Early adopters of the Prius and other gas-electric hybrids weren’t doing it for the money, since the extra cost would take five or more years to make up with gasoline savings. Not so now. At current gas prices, at least some models really are both cheaper and cleaner. For instance, […]

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Press Release

Lights Out for Enron Loophole

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15. May 2008

Lights Out for Enron Loophole

5-15-08 by dugan     The sweeping farm bill that passed the Senate today and is headed for President Bush’s desk is more pork than policy, but I’m still celebrating. OilWatchdog’s most-wanted bill to curb energy speculation was tucked into the farm legislation. The measure, now almost certain to become law, will close the so-called […]

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News Clipping

Chevron Busts Family Budgets

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15. May 2008

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Chevron Busts Family Budgets

Chevron Busts Family Budgets In Struggling California Town Of Casmalia State PUC Grants Oil Giant’s Water Company 89.7 Percent Rate Increase; Chevron Wanted 138 Percent CONTACT: John M. Simpson, 310-392-0522, ext 317; or cell: 310-292-1902 May 15, 2008 Santa Monica, CA — A decision today  by the California Public Utilities Commission to grant a whopping […]

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Op-Ed: Big Oil & Water

15. May 2008

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Op-Ed: Big Oil & Water

The following Op-Ed Commentary by Consumer Watchdog’s John M. Simpson, was published in the San Francisco Chronicle on Thursday, May 15, 2008: They say oil and water don’t mix. Maybe that’s why Chevron is so tone-deaf in its dealings with a small California town that depends on the oil company for its water. Chevron, which […]

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Press Release

Big Oil's '08 Bets

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14. May 2008

Big Oil's '08 Bets

5-14-08 by dugan   The latest campaign finance reports, from OpenSecrets.org, show Sen. John McCain closing in on the defunct Rudy Giuliani as Big Oil’s bet in the presidential race. Oil money these days is as nasty as tobacco money, and all the candidates ought to be refusing it, though at least the last round […]

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Press Release

Oil Supply Up, Price Down

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14. May 2008

Oil Supply Up, Price Down

5-14-08 by dugan     I hope the nay-sayers who insist that stopping the flow of oil into the federal Strategic Petroleum Reserve won’t drop prices were watching today. On news that U.S. petroleum supplies went up 200,000 barrels, the price of oil dropped by up to $2.24 a barrel. So… If President Bush stopped […]

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Squeezed At Both Ends

14. May 2008

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Squeezed At Both Ends

Squeezed At Both Ends — Independent Refiners Watch Profits Sink As Consumption Falls By Jad Mouawad, THE NEW YORK TIMES May 14, 2008 While drivers are facing sticker shock at the pump these days, here is a bigger shock: high prices are putting a strain on oil refiners. After last year’s stellar profits, American refiners […]

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Press Release

Climate Heat on Exxon

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13. May 2008

Climate Heat on Exxon

5-13-08 by dugan Oh, man, I wish I had a share of Exxon. The shareholder meeting May 30 is going to be a show. A group of big institutional investors, mostly public pension funds, has filed notice that it will formally campaign to oust board member Michael Boskin. The investors say he refused repetedly to […]

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Press Release

Senate Success on Oil Reserve

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13. May 2008

Senate Success on Oil Reserve

5-13-08 by dugan     What the Senate did today isn’t huge, and isn’t quite finished, but a 97-1 vote in favor of stopping White House oil purchases for the Strategic Petroleum Reserve is a landmark. The vote cracks the agenda-driven gridlock that has blocked effective Senate actions against the oil price crisis. It holds […]

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