NEWS RELEASE: Gasoline Brushing $4.00 Is Breaking Point for Consumers Hit by Flat Wages, Job Losses Government Must Speed Market Regulation, Says Consumer Watchdog; Group Calls for Stiffer Oil Trading Rules and Oversight of Refineries…
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Archive | Author: Judy Dugan
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Why Exxon’s Dead Wrong
6-01-08 by dugan I admire and follow the work of business columnist Joe Nocera of the New York Times. He’s a broad-ranging, infinitely curious writer, on topics from the financial crisis to China’s new role…
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Regulation Hinted, Oil Price Drops
5-29-08 by dugan It’ll take a few days to see what’s really going on in oil markets, but still… a $4-a-barrel price drop in crude oil markets today followed news that federal regulators…
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Chevron CEO Loses It
5-28-08 by dugan Faced with ticked-off shareholders and demonstrators from Ecuador and Nigeria today, Chevron CEO and Chairman David O’Reilly lost his temper at a Nigerian protest leader. The protests over Chevron’s behavior in Ecuador,…
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How Oil Price “Predictions” Really Work
5-28-08 by dugan Just as the price of oil seemed ready to sag a bit, another big investment bank "predicted" $150-a-barrel in the near future. Lo and behold, oil went back above $133….
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Exxon’s Not-Such-a-Victory
5-28-08 by dugan Today’s large-shareholder revolt against Exxon’s management got just under 40% of shareholder votes today about what it got at last year’s annual meeting. Exxon viewed it as a victory, but…
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Don’t Blame the Gas Station
5-26-08 by dugan I’ve heard from people who represent gas station owners that oil companies allow only a few cents of profit on gasoline sales, in order to maximize corporate profits. I never…
Press Release
Oil Prices Sag, Pump Prices Rise
NEWS RELEASE 33-Cent Monthly Rise in Gasoline Keeps Oil’s Foot on Drivers’ Necks Oil Prices Sag Yet Pump Keeps Zooming; Lack of Oversight Means ‘Double Whammy for Consumers’ and Economy This Summer, Says…
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$5 a Gallon Knocks Out Truckers
5-23-08 by dugan There’s no one harder hit by fuel prices than the nation’s truckers, and they’re going bankrupt at near record rates. The price of diesel jumped a nickel a gallon nationwide today, to…
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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…
Press Release
“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…
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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…
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Brits’ Cold Shoulder to Exxon
8-19-08 by dugan The shareholder revolt against Exxon is going global. Four big institutional investors in Britain have joined a shareholder resolution demanding that Exxon have an independent chairman of the board, and the new…