Tag Archive | "speculation"

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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Why You Can't Afford Gasoline

Thursday, April 17, 2008

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Why You Can't Afford Gasoline

4-17-08 by dugan     The government will never willingly change the duplicitous way it calculates inflation, which is why it doesn’t get written about much. So it’s worth pointing out a good column by Dean Calbreath of the San Diego Union today, on the damage done by excluding energy and food prices from so-called […]

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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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Fuel Spike Demands DC Action

Friday, April 11, 2008

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Fuel Spike Demands DC Action

NEWS RELEASE: April 11, 2008 CONTACT: Judy Dugan, 213-280-0175; or Jamie Court, 310-392-0522, ext. 327 Relentless Fuel Price Spike Demands White House Action, Says Consumer Watchdog Group Asks President to Deflate Oil Markets With Immediate Releases From Strategic Reserve Santa Monica, CA — As gasoline and diesel prices reached another daily record price today, Consumer […]

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White House Oil Hoarding

Wednesday, April 9, 2008

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White House Oil Hoarding

4-09-08 by dugan   Government boosts price of oil and gasoline! The actual big headline today is dual records for the price of oil (over $112 a barrel) and gasoline ($3.43 a gallon, up 22 cents in a month). The usual analysts noted a decline in U.S. crude oil supplies. And buried in a pile […]

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Where's Congress, White House on Gas Prices?

Monday, April 7, 2008

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Where's Congress, White House on Gas Prices?

NEWS RELEASE:  April 07, 2008  Gallon of Regular Gasoline Spikes Nearly a Nickel in a Week, 17 Cents Since March 3 Refineries’ Profit Surge Comes On Top of Record Profits Reaped From High Oil Prices; Group Asks, “Where’s the White House? Where’s Congress?” CONTACT: Judy Dugan, 310-392-0522, ext. 305,  Santa Monica, CA — At the […]

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Inexorable

Sunday, April 6, 2008

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Inexorable

4-06-08 by dugan   It’s hard to be shocked these days about prices at the pump, easier to be shocked that Congress can’t do more than talk about it. Today’s $3.324 a gallon for regular, is just another new all-time record, with the rise over the past few days at a penny a gallon or […]

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Gas Prices Hit Records Across U.S.

Monday, March 31, 2008

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Gas Prices Hit Records Across U.S.

NEWS RELEASE:  March 31, 2008 Contact: Judy Dugan, 310-392-0522, ext. 305, or cell: 213-280-0175 Gasoline Prices Hit Records in U.S., 17 States; Congress Prepares to Question Oil Execs Group Calls for Passage of Stalled Renewable Energy Bill, Oversight of Trading Markets Gasoline pumps prices rose to yet another record today and over the weekend, both […]

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Better Late, Etc…

Thursday, March 20, 2008

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Better Late, Etc…

3-20-08 by dugan   Just as the oil bubble shows its first holes, the New York Times gets around to a real, meaty story on the dangers of unregulated commodity markets. It’s a story that could have made a difference in pushing Congress to do something before oil hit $90, much less $111. But reporter […]

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