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Press Release

$5 a Gallon Knocks Out Truckers

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23. May 2008

$5 a Gallon Knocks Out Truckers

5-23-08 by dugan There’s no one harder hit by fuel prices than the nation’s truckers, and they’re going bankrupt at near record rates. The price of diesel jumped a nickel a gallon nationwide today, to $4.649, which is $1.72 a gallon above the price a year ago. In California, diesel is on average just three […]

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Press Release

Copy-Machine Oil Hearings

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22. May 2008

Copy-Machine Oil Hearings

5-22-08 by dugan     Watching the same pack of oil executives troop to the House of Representatives today and the Senate yesterday was mostly a deja vu experience. The execs’ canned testimony was from the same outline they used earlier this year and in 2005 and 2006 hearings–high prices aren’t our fault; everything will […]

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Press Release

Blame Exxon for Housing Crisis, Too

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22. May 2008

Blame Exxon for Housing Crisis, Too

5-22-08 by dugan The link between skyrocketing oil prices and food prices, for instance, or airline bankruptcies, is obvious and immediate. But the housing crisis? A new study makes the case: a direct correlation between commuting distances and collapsing prices. The group CEOs for Cities, which encourages urban revitalization, says: A new analysis shows that […]

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Press Release

Brits' Cold Shoulder to Exxon

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19. May 2008

Brits' Cold Shoulder to Exxon

8-19-08 by dugan The shareholder revolt against Exxon is going global. Four big institutional investors in Britain have joined a shareholder resolution demanding that Exxon have an independent chairman of the board, and the new support should bring the chance of passage to about 50-50. Currently, the chairman title is just another perk for CEO […]

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Press Release

Thanks Again, Goldman Sachs

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18. May 2008

Thanks Again, Goldman Sachs

8-18-08 by dugan Just as the White House grudgingly agreed to stop buying record-priced oil for the federal Strategic Petroleum Reserve and Saudi Arabia grudgingly agreed to put 300,000 more barrels a day of oil into the market, the investment bank Goldman Sachs made another self-serving prediction. It called Friday for $141-a-barrel oil for the […]

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Press ReleaseNews Clipping

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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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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