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Press Release

Oil's 'Alternative Energy' Scam

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22. April 2008

Oil's 'Alternative Energy' Scam

4-22-08 by dugan When I look at oil company profit reports–which will soon reveal truly rabid profit increases in the 1st quarter of 2008–I just ignore the line on "alternative energy" spending. That’s because it is often the opposite of renewable energy. Mother Jones magazine’s latest issue has the perfect description of why: "Across the […]

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Not the Gas Station's Fault

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21. April 2008

Not the Gas Station's Fault

4-21-08 by dugan   I imagine a fair number of drivers think the guy at the corner gas station is raking it in, with the price at the pump getting near–or beyond–$4.00 a gallon. But it ain’t so. The Oil Express newsletter (big subscription barrier, so no link), which is aimed at fuel retailers, notes […]

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Press Release

The 'Killer Biofuels' Claque

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18. April 2008

The 'Killer Biofuels' Claque

 4-18-08 by dugan   Global warming denial  is a nearly lost cause, so its proponents have a new issue: killer biofuels. Their simple, effective message is that biofuels–all of them–are the cause of rising food costs. Thus biofuels are killing babies in the Third World. It’s cynical, brilliant and mostly untrue. But it certainly deflects blame from spiraling […]

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Press Release

Happy, Happy Days for Oil

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11. April 2008

Happy, Happy Days for Oil

4-11-08 by dugan     Maybe you can only afford to fill your gas tank halfway these days, but I’m sure Big Oil is thanking you. A Bloomberg survey of the profit landscape looks like an economic refugee zone, until the very end: "Energy companies led the quarter’s winners… Earnings of the group probably rose […]

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Grease Rustlers Unite!

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4. April 2008

This wacky tale of grease rustling at a Northern California Burger King spins off a lot of threads. The police report said the wild-haired suspect was siphoning his 300-gallon haul of used fryer grease into a tank on the back of his truck. He was headed for a biorefinery in Atasacadero, where this "yellow grease" […]

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Green Half-Truths

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2. April 2008

Green Half-Truths

4-02-08 by dugan     I didn’t get time yesterday to post on a House select committee’s grilling of executives from the major oil companies, but as the chairman, Rep. Ed Markey  of Massachusetts, pointedly said, "there will be many more." (If you’ve got a question you’d like to have posed to Big Oil, please […]

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Chevron in Iraq: Who'll Pay?

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25. March 2008

Chevron in Iraq: Who'll Pay?

3-25-08 by dugan   If the major oil companies start making deals to pump Iraqi oil, who will protect their investments? If these investments become "a fact on the ground" while the U.S. still occupies Iraq, won’t they become the responsibility of U.S. troops, and taxpayer resources? Unfortunately, it’s happening faster than most of us […]

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The Great Spring Ripoff

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23. March 2008

The Great Spring Ripoff

3-23-08 by dugan   Yep, oil prices kept dropping over the weekend, down about 9% over the last week. But gasoline prices hit a new record of $3.26 nationally on Sunday. So did diesel, at a shocking $4.06–hammering the cost of every foodstuff and manufactured product, to say nothing of truckers on the edge of […]

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Press Release

Exxon's EZ Profit Strategy

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21. March 2008

Exxon's EZ Profit Strategy

3-21-08 by dugan     When you’ve got a product that the world can’t live without, it doesn’t pay to make more of it. That’s how Exxon sees it, as explained in detail in a Business Week story this week. The article acknowledges the difficulties oil companies face in dealing with various despots, who rule […]

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Press Release

Greasing Government's Wheels

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20. March 2008

Greasing Government's Wheels

33/20/08 by simpson What’s it take to keep government chugging along smoothly in your favor? In Exxon Mobil’s case, the oil giant’s executives opted to plunk down $16.9 million in 2007 to lobby the federal government. That’s  the amount listed in a recent disclosure form filed with the U.S. Senate’s office of public disclosure, according […]

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