Tag Archive | "record-prices"

Copy-Machine Oil Hearings

Thursday, May 22, 2008

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Copy-Machine Oil Hearings

5-22-08 by dugan     Watching the same pack of oil executives troop to the House of Representatives today and the Senate yesterday was mostly a deja vu experience. The execs’ canned testimony was from the same outline they used earlier this year and in 2005 and 2006 hearings–high prices aren’t our fault; everything will […]

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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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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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Big Oil's '08 Bets

Wednesday, May 14, 2008

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Big Oil's '08 Bets

5-14-08 by dugan   The latest campaign finance reports, from OpenSecrets.org, show Sen. John McCain closing in on the defunct Rudy Giuliani as Big Oil’s bet in the presidential race. Oil money these days is as nasty as tobacco money, and all the candidates ought to be refusing it, though at least the last round […]

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Oil Supply Up, Price Down

Wednesday, May 14, 2008

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Oil Supply Up, Price Down

5-14-08 by dugan     I hope the nay-sayers who insist that stopping the flow of oil into the federal Strategic Petroleum Reserve won’t drop prices were watching today. On news that U.S. petroleum supplies went up 200,000 barrels, the price of oil dropped by up to $2.24 a barrel. So… If President Bush stopped […]

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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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