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Oil Watchdog | Tag Archive | instability

Tag Archive | "instability"

Gas-Tax Holiday from Hell

Tuesday, May 13, 2008

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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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Exxon Hit For Its Secrecy

Tuesday, April 29, 2008

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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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Gunboats and Recession

Friday, April 25, 2008

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Gunboats and Recession

4-25-08 by dugan Today’s $3.00 per barrel spike in crude oil was a perfect example of market traders capitalizing on hasty news. Initial reports, from military sources, said a U.S. military "contract’ ship fired on boats that were likely Iranian Revolutionary Guard. Soon after, it was not so much — the boats were unidentified: U.S. […]

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Green Prize Wilts Chevron

Tuesday, April 15, 2008

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Green Prize Wilts Chevron

4-15-08 by dugan     Chevron’s world headquarters in San Ramon, Calif., is less than 40 miles from San Francisco’s stately opera house. So if bad thoughts could kill, last night’s audience for the prestigious Goldman Environmental Prize would be slumped in their seats. Two winners of the "environmental Nobel Prize" were Ecuadoran activists, lawyer […]

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Chevron in Iraq: Who'll Pay?

Tuesday, March 25, 2008

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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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Plain Talk on Greed, Gas Price

Tuesday, March 25, 2008

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Plain Talk on Greed, Gas Price

I ran across an intriguing columnist today who described in plain language (not analyst-speak) the real story of gasoline prices–it’s not market forces, and it’s not global unrest or even demand. The article is in the Traverse City Record Eagle, a little paper in the most frozen part of Michigan. It prompted me to call […]

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Exxon's EZ Profit Strategy

Friday, March 21, 2008

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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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Defending Cheaper, Cleaner

Wednesday, March 19, 2008

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Defending Cheaper, Cleaner

3-19-08 by dugan     There’s no single path to an affordable and clean energy future, and that’s a good thing. After all, the monoculture of petroleum dependence has brought us $4.00 a gallon gasoline, disappearing polar bears and a nasty web of dictators supported by oil. The imperfections of single alternatives, from electric cars […]

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Oil, Farm Prices, Hunger

Monday, March 17, 2008

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Oil, Farm Prices, Hunger

3-17-08 by dugan     The hype that ethanol is the only driver of food grain prices is persistent and wrong. Here’s a short and to the point video from CNNMoney (thanks to Insider for spotting it) about farmers’ spiraling operating costs. Most of these costs are linked to petroleum, and are also driving food-crop […]

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Inuits vs. Exxon: Might Work

Thursday, February 28, 2008

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Inuits vs. Exxon: Might Work

2-28-08 by dugan   It’s a Hail-Mary pass, but the Alaskan Inuit lawsuit against the oil industry on global warming just might work. It may come down to how the judge views the definition of "conspiracy." Alaska’s Eskimos, or Inuit, have been refining the argument for a long time. Four years ago, the Inuit as […]

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