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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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Press Release

Gas-Tax Holiday from Hell

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13. May 2008

Gas-Tax Holiday from Hell

5-13-08 by dugan     OilWatchdog has offered plenty of reasons that suspending the federal gasoline tax would end up as a bad joke on consumers and the economy. Here are some fresh ones, from Jonathan Alter at Newsweek–including carnage on potholed roads. Main points of his column:  Not one respectable economist supports the idea, […]

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Press Release

Tell a Lie Often Enough…

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12. May 2008

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Tell a Lie Often Enough…

5-12-08 by dugan It’s a flat-out lie when oil companies say they’re only making an "average" percentage of profit compared to other companies. Furthermore, journalists shouldn’t be taking the oil industry’s figures at face value. That’s the conclusion of a well-explained report in Nieman Watchdog on how oil companies get away with describing their profit […]

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Press Release

Throw It At the Wall…

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9. May 2008

Throw It At the Wall…

5-9-08 by dugan     …And See If It Sticks. That appears to be where government stands on quelling oil and gasoline prices. Congress is now proposing bucketsful of legislation and other actions in a pre-election panic. Some of it is on target and some is just pander, either populist or corporate. Let’s sort it […]

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Exxon Is Holdout on MTBE

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8. May 2008

Exxon Is Holdout on MTBE

5-8-08 by dugan A national lawsuit over water pollution from a gasoline additive was more than half-settled yesterday when four of the five major oil comanies agreed to pay $423 million in cleanup and other costs. Chevron, Shell, BP, Conoco and several smaller companies did what’s right, and will escape years more of litigation costs. […]

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Press Release

Goldman Sachs' Self-Serving Prediction

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7. May 2008

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Goldman Sachs' Self-Serving Prediction

5-07-08 by dugan Oil prices are in Alice in Wonderland territory. Today’s new futures-market record, above $122 a barrel, occurred despite a substantial rise in both crude oil stocks and gasoline stocks in the U.S., as reported by the federal Energy Information Administration. In any vaguely normal market, both of those events would drive down […]

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Chevron’s Record 1st Qtr Profit

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2. May 2008

Chevron’s Record 1st Qtr Profit

NEWS RELEASE: Chevron Rides Soaring Crude Oil Prices To Record Profit As Consumers Feel Squeeze At Pump CONTACT: John Simpson, 310-392-0522 x317, cell 310-292-1902; or Jamie Court x327 May 02, 2008 Santa Monica, CA — Chevron today posted record first-quarter profits of $5.17 billion while Californians struggled with soaring gas prices climbing over $4 a […]

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Press Release

Rockefellers: Change Exxon

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30. April 2008

Rockefellers: Change Exxon

04-30-08 by simpson What’s known as America’s First Family of Oil, the Rockefellers, wants Exxon Mobil, the oil giant descended from John D. Rockefeller’s  Standard Oil, to change it is ways. They’re worried the company doesn’t care enough about the environment or developing alternative energy. Forbes quoted Neva Rockefeller Goodwin, a great-granddaughter of John D. […]

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Press Release

Exxon Hit For Its Secrecy

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29. April 2008

Exxon Hit For Its Secrecy

04-29-08 by simpson Oil giant ExxonMobil is as secretive as its competitors in Russia and China, according to a report just released by Transparency International, a global organization fighting corruption. "The tragic paradox, that many resource-rich countries remain poor, stems from a lack of data on oil and gas revenues and how they are managed," […]

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