The president of Ecuador says he will join with residents of the Amazon rain forest in holding Chevron accountable for dumping billions of gallons of oily waste in the jungle over three decades. A lawsuit…
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Archive | Author: Jamie Court
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US: BP Blamed In Texas City Blast
The United States Chemical Safety and Hazard Investigation Board issued its final blistering report about BP’s role in the 2005 explosion at the company’s Texas City refinery that killed 15 BP employees and 180 others….
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Big Oil U?
Two the world’s largest oil companies are planting their flag in two of America’s top universities in order to wash some dirty laundry. The terms of the two separate deals, between Stanford and Exxon, and…
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Alaska Senator Calls CEO Liar
Alaska Senator Kim Elton has a searing response for Exxon CEO Rex Tillerson, who told Wall Street this week that doing business with Alaska was problematic because the state changed tax policies on the company….
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BP-Berkeley’s Fuzzy Formula
BP has been taking some heat from faculty and students at UC Berkeley who don’t like the idea of the university’s $500 million partnership with the energy giant to develop bio-fuels. The real question is…
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Majors Surrender To Chavez
President Bush may not be willing to utter Venezuelan leader Hugo Chavez’s name during his trip to Latin America, even while Chavez led flag-waving supporters with Bush insults and chants of "Gringo, Go Home." But…
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West Coast Refinery Profits Double
The San Francisco Chronicle reports: "Profit margins at California’s gasoline refineries are soaring. And they’re taking pump prices along for the ride. Refinery profit margins have more than doubled since last fall, according to one…
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CEO’s Wall Street Magic Show
Exxon CEO Rex Tillerson went to Wall Street with the twin goals of promoting Exxon’s stock and letting the public and Congress feel Exxon is putting its profits back into energy production. Tillerson said Exxon…
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Pressure On The Pump
The Petroleum Marketing Association continues to insist it has not pressured the maker of the temperature-adjusted gasoline pump, Gilbarco Vedeer-Root, to keep its product out of the California market. Nonetheless the San Francisco Chronicle’s David…
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Coolant For The Hot Fuel Market?
The Kansas City Star reports that Americans may well have a way out of the $2.3 billion they overpay at the pump each year because of the "hot fuel" scam. In a nut shell, when…
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Environment, Rights Not a Priority
Chevron’s Board of Directors has urged shareholders to reject proposals at its April 25th board meeting that require the company to report on human rights violations, comply with greenhouse gas emission standards and separate the…
Smoking Gun
Shell’s Refined Wisdom
Shell sold off another California refinery. This time its Wilmington plant to Tesoro Corp, making the San Antonio based refiner a major player in the West, particularly given its acquisition of 390 Shell and USA…
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Half Trillion Dollar Baby
Wall Street analysts have now pegged the worth of Exxon Mobil Corporation at one half trillion dollars. The $500 billion mark is based on this breakdown of Exxon’s wealth– crude oil production (45%), refined products…