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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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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

1 Comment

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

Tax Refunds Going to Gas Tanks

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12. May 2008

Tax Refunds Going to Gas Tanks

Gas Up 11 Cents In Week, 34 Cents In a Month; Consumers’ Tax Incentive Going Straight to Gas Tanks White House Scorns Action, Congress in Gridlock as Soaring Prices Push Inflation, Motorists Cry ‘Uncle’   CONTACT: Judy Dugan, 310-392-0522, ext. 305, or cell: 213-280-0175 May 12, 2008 Santa Monica, CA — An 11-cent rise in […]

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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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Press Release

Goldman Sachs' Self-Serving Prediction

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7. May 2008

3 Comments

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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Press Release

Exxon Posts More Record Profits

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1. May 2008

Exxon Posts More Record Profits

NEWS RELEASE May 01, 2008 ExxonMobil Profits Soar to Record On Speculative Oil Prices While Consumers and Economy Suffer Bush, Congress Avoid Real Solutions; Stance Is Inexcusable as Pump Price Soars, Says Consumer Group  CONTACT: John Simpson 310-392-0522, x317; cell 310-292-1902; or Jamie Court x327 Santa Monica, CA — Record first-quarter profits, up a staggering […]

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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

Shell & BP Record 1st Qtr Profits

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29. April 2008

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Shell & BP Record 1st Qtr Profits

NEWS RELEASE:  April 29, 2008 Speculative Oil Price Brings Roof-Busting Profits to Shell, BP at Cost of Squeezed Consumers, Suffering Economy Government’s ‘Business as Usual’ Stance Is Inexcusable as Pump Price Soars, Says Consumer Group CONTACT: Judy Dugan, cell: 213-280-0175; or John Simpson, 310-392-0522, ext. 317 Santa Monica, CA — The first-quarter record profits reported […]

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