Tag Archive | "profiteering"

Exxon Posts More Record Profits

Thursday, May 1, 2008

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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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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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Shell & BP Record 1st Qtr Profits

Tuesday, April 29, 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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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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Conoco's Profit = Higher Gas $

Thursday, April 24, 2008

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Conoco's Profit = Higher Gas $

NEWS RELEASE:   Consumer Group Sees Warning in Oil Profit Report that Refining Profits Set to Rise, Spiking Gasoline Prices Further    Analyst Predicts Over $4 a Gallon Nationally, Up To $5 in California CONTACT: Judy Dugan, 310-392-0522, ext. 305; or Tim Hamilton, 360-495-4941 April 24, 2008 Conoco Phillips’ CEO all but apologized for his […]

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Milk Is Sold Fairly; Not Gas

Wednesday, April 23, 2008

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Milk Is Sold Fairly; Not Gas

4-23-08 by dugan   Edited 4/23, 5:00 p.m. to use exact temperature benchmarks, as provided by K. Floren.  Around a meeting table at the California Energy Commission today, some of us were stifling yawns. Then, in one sentence, a veteran weights and measures regulator put the "hot fuel" issue in a perfect frame: Every packaged […]

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Fighting $4-a-gallon diesel

Wednesday, April 23, 2008

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Fighting $4-a-gallon diesel

4-23-08 by simpson An Apache Junction, Arizona, trucking firm is fighting to stay in business in the face of $4-a-gallon diesel by driving across the border to Mexico to buy fuel where it sells for $2 a gallon. CNN tells the story of how Romano and Son built a 500-gallon tank to haul diesel fuel […]

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Demand for White House Action

Monday, April 21, 2008

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Demand for White House Action

  April 21, 2008     News Release Contact: Judy Dugan, 310 392-0522, ext. 305 White House Silence, Inaction on Pump Price Spike is Opposite of Bush 2006 Response, Says Group   Consumers, Economy Are Buckling Under Gasoline and Diesel Price Records As Government Stays Mum The 16-cent national rise in gasoline prices over two weeks, […]

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How to Have It Both Ways

Thursday, April 17, 2008

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How to Have It Both Ways

4-17-08 by dugan Yep, the price of oil keeps rising. But the price of gasoline is now rising even faster, up nearly two cents a gallon in one day to $3.418 nationally. Here’s how it’s done, courtesy of a few paragraphs tucked into a larger Bloomberg story: The Energy Department yesterday reported an unexpected decline […]

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Bush Blames $115 Oil on OPEC

Wednesday, April 16, 2008

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Bush Blames $115 Oil on OPEC

NEWS RELEASE:  CONTACT: Judy Dugan, 310-392-0522 ext. 305; or cell, 213-280-0175 April 16, 2008 New Oil Price Spike to $115 a Barrel Shows a "Two-Faced" White House That Takes Oil Off U.S. Markets While Blaming OPEC Consumer Watchdog Renews Call for Bush to Stop Buying Oil for U.S. Reserve, Release Oil to Dampen Price Santa […]

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