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Oil Watchdog | Tag Archive | instability

Tag Archive | "instability"

All Hail Exxon

Thursday, February 14, 2008

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All Hail Exxon

2-14-08 by dugan (and thanks to Mark Reback for the tip)     I can’t believe Investors Business Daily would do so little checking of an editorial on Tuesday slamming the critics of ExxonMobil, from Sen. Carl Levin to our small foundation. As a former editorial writer, I’m reluctant to call attention to such a […]

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Exxon, the Worldwide Scrooge

Thursday, February 7, 2008

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Exxon, the Worldwide Scrooge

2-07-08 by dugan   You’d think that a company making nearly $41 billion in yearly profit in 2007 would be profligate in its charitable giving. We don’t know yet what Exxon Mobil’s 2007 total was, but the company issues a yearly feel-good report on “community contributions.”  The 2006 document says Exxon gave away $138 million […]

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Big Oil's Big Bribes?

Thursday, January 31, 2008

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Big Oil's Big Bribes?

01-31-08 by dugan   I absolutely can’t vouch for the truth of this story, but it’s no wonder that people would believe it. A Bahraini publication claims that oil companies are offering Iraqi legislators $5 million each to vote for the Iraqi oil law, which would give the oil companies control of Iraq’s huge untapped […]

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Energy Traders Get Their Manufactured $100-Oil Dream, Consumers Brace for $4.00 Gasoline

Wednesday, January 2, 2008

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Group Calls on Congress to Curb Wild Speculation in Energy Markets   Speculators ginned up alarm over Nigerian gang violence, Pakistani unrest and shaky predictions on future OPEC capacity to drive crude oil prices to $100 a barrel without any evidence of imminent shortages, said the Foundation for Taxpayer and Consumer Rights Tuesday. With gasoline […]

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Exxon's Terrorism Card

Sunday, December 30, 2007

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Exxon's Terrorism Card

12-30-07 by dugan   The story sounds familiar: Rural villagers in an unsettled part of the world accuse a big U.S. oil company of supporting and abetting the atrocities of government soldiers. It could be Shell or Chevron in Nigeria or Unocal (now Chevron) in the former Burma. But the court action this week was […]

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No Room for Denial

Saturday, November 17, 2007

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No Room for Denial

11-17-07 by dugan     Some disasters seem just too enormous to grasp. Every version of the U.N. climate change report is more dire and more certain about the effects of climate change. The final report, released Friday (N.Y. Times, L.A. Times), begs for help protecting the poor nations most at risk from flooding, drought […]

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The 'Dictator Penalty'

Friday, November 16, 2007

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The 'Dictator Penalty'

11-16-07 by dugan   Bought any of that Chevron gasoline currently averaging more than $3.40 a gallon in California? A few pennies of that will now go to pay Chevron’s $30 million settlement of a federal charge involving huge illegal kickbacks to Saddam Hussein’s government in 2001-2002. You remember, the old Axis of Evil days? […]

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From Your Pocket to Putin's

Saturday, November 10, 2007

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From Your Pocket to Putin's

 11-10-07 by dugan   Here’s a striking tale from the Washington Post on the global power shift of $100 oil, mainly to the benefit of dictators and corrupt proto-despots.   Japan is suffering because it has no oil of its own, but the pain is eased by its national conservation and alternate fuels push–it uses […]

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Guns and Oil

Friday, November 9, 2007

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Guns and Oil

11-09-07 by dugan Here’s an interesting cross-fertilization in the news. The Wall Street Journal posts a business item on how rising oil prices mean that Nigeria will keep more of the oil pumped by Exxon, BP and others in the Niger River Delta. The New York Times has a gruesomely detailed piece on the result […]

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Real Reasons for $88 a Barrel

Wednesday, October 17, 2007

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Real Reasons for $88 a Barrel

10-17-07 by dugan   Oil is touching $88 a barrel because Turkey is poised for military raids inside Iraq against Kurdish rebels. Oh, what rubbish. Every time the price of oil goes up $3 or $5 a barrel, analysts point with alarm to Iraq, Iran, Venezuela or Nigeria. In today’s case, no incursions have happened […]

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