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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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Record gas prices by spring

13. February 2008

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Record gas prices by spring

Gasoline prices, already up 72 cents a gallon over a year ago, are poised to go higher — possibly shattering records. The federal Energy Information Administration on Tuesday projected the price of regular gasoline, now averaging $2.96 a gallon nationwide, will hit a monthly average near $3.40 by spring. The prediction of higher prices comes […]

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Press ReleaseNews Clipping

Big Oil Gives $500K+ to Giuliani

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19. October 2007

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Big Oil Gives $500K+ to Giuliani

NEWS RELEASE October 19, 2007 CONTACT: Judy Dugan, 310-392-0522 x305 Giuliani Leaps Past $500,000 Mark in Big Oil Contributions; All Presidential Candidates Should Return Oil Industry’s "Dirty Money," Says Watchdog Group Santa Monica, CA — Rudy Giuliani is far ahead of the rest of the presidential pack in contributions from the oil and gas industry, […]

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Refiners 'Recovery' Has a Price

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10. October 2007

Refiners 'Recovery' Has a Price

10-10-07 by dugan   Chevron, BP and Valero Energy have warned that their third-quarter profits will be under those of the last quarter because their refining profits have deflated from stupendously piggish highs. Unfortunately, they and other oil companies are doing all they can to correct the situation. A web financial-analyst report filled with mind-numbing […]

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Refiners' profit streak could fade

31. August 2007

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Refiners' profit streak could fade

The Houston Chronicle (Texas) August 31, 2007 by Brett Clanton, Houston Chronicle Refiners’ profit streak could fade Soaring gasoline prices this spring and summer may have pinched drivers, but they helped U.S. oil refiners rack up huge quarterly profits and extend a hot earnings run that began several years ago. Refining profits for 22 of […]

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Press Release

Rudy Giuliani, $477,208 in Big Oil Money

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13. August 2007

Rudy Giuliani, $477,208 in Big Oil Money

It seems counterintuitive that a former New York mayor would lead the presidential pack in raising funds from Big Oil. But he has sought out powerful Texas and other oil connections, including a Texan fixer and fund-raiser, a merger with a major Texas law firm and security consulting contracts with oil companies. Some details:   […]

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Refinery Backlog Spikes Gas Prices

7. May 2007

Refinery Backlog Spikes Gas Prices

All Things Considered (National Public Radio) May 7, 2007 by ANCHORS: MICHELE NORRIS, ROBERT SIEGEL – REPORTER: SCOTT HORSLEY Refinery Backlog Prompts Spike in Gas Prices The following program was broadcast on NPR’s All Things Considered radio program on Monday, May 7th, 2007. Listen to the audio of the program here. ———— MICHELE NORRIS, host: […]

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Oil Production Lows, Profit Highs

3. May 2007

Oil Production Lows, Profit Highs

Business Week Online May 3, 2007 by Moira Herbst Oil Refiners’ Production Lows, Profit Highs;  Where’s the gas? As pump prices test $3, persistent problems, from old plants to a shortage of skilled workers, spur debate on the industry. Fires. Explosions. Lightning strikes. This is the new state of affairs for U.S. oil refiners, hobbled […]

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Exxon, Valero Profits Jump

27. April 2007

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Exxon, Valero Profits Jump

Los Angeles Times April 27, 2007 by Elizabeth Douglass & Richard Simon, Times Staff Writers Exxon, Valero profits jump; The quarterly gains, coming at a time of soaring pump prices, prompt renewed calls for legislative action. Oil giant Exxon Mobil Corp. and leading refiner Valero Energy Corp. cashed in on soaring gasoline prices during the […]

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Congress: CA Gas Supply Plan?

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10. April 2007

Congress: CA Gas Supply Plan?

NEWS RELEASE: April 10, 2007 CONTACT: Judy Dugan, 310-392-0522 ext. 305, cell: 213-280-0175, or Jamie Court, ext. 327, cell: 310-874-9989 Congress Presses Refiners on California’s Gasoline Price Spike, Supply Restrictions; Rep. Kucinich Requests Oil Companies’ Plan for Increasing Supply In West as California Far Outpaces U.S. Average Price Santa Monica, CA — With California pump […]

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