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Oil Watchdog | Tag Archive | price-spike

Tag Archive | "price-spike"

$5 a Gallon Knocks Out Truckers

Friday, May 23, 2008

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$5 a Gallon Knocks Out Truckers

5-23-08 by dugan There’s no one harder hit by fuel prices than the nation’s truckers, and they’re going bankrupt at near record rates. The price of diesel jumped a nickel a gallon nationwide today, to $4.649, which is $1.72 a gallon above the price a year ago. In California, diesel is on average just three […]

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"Hot Fuel" Fix Urgent

Thursday, May 22, 2008

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"Hot Fuel" Fix Urgent

NEWS RELEASE Zooming Oil Price Makes "Hot Fuel" Fix More Urgent as Memorial Day Approaches Consumer Groups Criticize Oil Industry Resistance to Fixing Hidden Charge at Pump That Costs U.S. Drivers Close to $3 Billion Yearly CONTACT: Judy Dugan, 310-392-0522, x305 May 22, 2008 Washington, D.C. — As Memorial Day kicks off the summer driving […]

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Blame Exxon for Housing Crisis, Too

Thursday, May 22, 2008

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Blame Exxon for Housing Crisis, Too

5-22-08 by dugan The link between skyrocketing oil prices and food prices, for instance, or airline bankruptcies, is obvious and immediate. But the housing crisis? A new study makes the case: a direct correlation between commuting distances and collapsing prices. The group CEOs for Cities, which encourages urban revitalization, says: A new analysis shows that […]

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Thanks Again, Goldman Sachs

Sunday, May 18, 2008

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Thanks Again, Goldman Sachs

8-18-08 by dugan Just as the White House grudgingly agreed to stop buying record-priced oil for the federal Strategic Petroleum Reserve and Saudi Arabia grudgingly agreed to put 300,000 more barrels a day of oil into the market, the investment bank Goldman Sachs made another self-serving prediction. It called Friday for $141-a-barrel oil for the […]

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Bush Forced to Cap Oil Reserve

Friday, May 16, 2008

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Bush Forced to Cap Oil Reserve

White House Forced to Cap Oil Reserve; Should Embolden Congress to Push for More To Drop Energy Prices Consumer Watchdog Calls for Sales from Reserve, Warning to Refineries, Swift Action on Oil Trading Curbs Judy Dugan, 213-280-0175 (cell); or John M. Simpson, 310-392-0522, x317   Santa Monica, CA — The Energy Department’s announcement that it […]

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Hybrids Making $ense

Thursday, May 15, 2008

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Hybrids Making $ense

5-15-08 by dugan     Early adopters of the Prius and other gas-electric hybrids weren’t doing it for the money, since the extra cost would take five or more years to make up with gasoline savings. Not so now. At current gas prices, at least some models really are both cheaper and cleaner. For instance, […]

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Lights Out for Enron Loophole

Thursday, May 15, 2008

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Lights Out for Enron Loophole

5-15-08 by dugan     The sweeping farm bill that passed the Senate today and is headed for President Bush’s desk is more pork than policy, but I’m still celebrating. OilWatchdog’s most-wanted bill to curb energy speculation was tucked into the farm legislation. The measure, now almost certain to become law, will close the so-called […]

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Senate Success on Oil Reserve

Tuesday, May 13, 2008

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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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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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Tell a Lie Often Enough…

Monday, May 12, 2008

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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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