7-29-08 by dugan Alaska being the closest thing in the U.S. to an oil nation, it didn’t take long to find a connection between newly indicted Sen. Ted Stevens and British-owned BP, a major driller…
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Archive | Author: Judy Dugan
Press Release
BP Posts Record 2nd Qtr Profits
NEWS RELEASE: BP Profits: ‘Congratulations Are Not In Order,’ Says Consumer Watchdog New Quarterly Records Show Oil Companies ‘Spiting the Future For the Sake of Cash in Hand’ CONTACT: Judy Dugan, 310-392-0522 ext. 305, or…
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Sandbox-style energy standoff
7-28-08 by dugan At first, the fight in the Senate over whether renewable energy tax credits should be extended for a few more years seemed like political Kabuki theater: Republican opponents in the Senate would…
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Oil-crash crystal ball
7-28-08 by dugan Here’s a crystal ball report: The top four oil companies–Exxon, Shell, BP and Chevron–will all report record quarterly profits this week, a result of oil prices driven to the stratosphere in speculative…
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‘Fat, sloppy smooch’ to oil
7-25-08 by dugan Today’s defeat in the Senate of a mild little bill to regulate wild speculative energy markets was a raw display of oil and financial industry power in Washington. So was the defeat…
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Traders Manipulated Oil Prices (!)
7-24-08 by dugan Hey, not my headline. It’s straight from the CNNMoney story on the government’s accusations against an oil trading scheme meant to "bully the market." The charge against Optiver Holdings isn’t…
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Nah, it’s just supply/demand
7-23-08 by dugan The Wall Street Journal’s Brian Baskin today nails down both ends of a mystery in oil markets. The collapse of the little-known SemGroup, a pipeline and storage company as well as major…
Press Release
Conoco Kicks Off Oil ‘Profit Orgy’
NEWS RELEASE: ConocoPhillips Kicks Off a ‘Profit Orgy’ By Major Oil Companies 2nd Quarter Report Shows Industry Still Buying Its Own Stock, Not Investing Record Profits in New Oil or Renewables, Says Consumer Watchdog; Congress…
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What comes after newspapers?
7-22-08 by dugan The cratering of the L.A. Times and the rest of Tribune Co. has me worrying, again, about who will hold the powerful, the corrupt and the incompetent to account when all the…
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“Pickens Plan” already profitable
7-22-08 by dugan I’ve been suspicious of oilman T. Boone Pickens’ new campaign for wind power and natural gas vehicles, partly because it looked like he’d be profiting on the backs of California taxpayers by…
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Beggar with an ermine cup
The PR departments of the major oil companies are madly developing their spin for the yet-another-record 2nd quarter profits they’re about to report. What they’ll say: "Without these gigantic profits (including billions in taxpayer subsidies),…
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Bubble’s leaking. What next?
7-17-08 by dugan As the price of a barrel of crude oil dropped to under $130 today, down from its high of $145-plus a barrel, I picked this as quote ‘o the day: "We have…
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‘Hotrod’ defends ethanol’s MPG
7-15-08 by dugan I’ve long heard that a car with the engine correctly adjusted for ethanol can run as economically as a car running on gasoline. Yet AAA, which publishes daily gasoline and diesel prices…