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…
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Archive | Author: Judy Dugan
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Hybrids Making $ense
5-15-08 by dugan Early adopters of the Prius and other gas-electric hybrids weren’t doing it for the money, since the extra cost would take five or more years to make up with gasoline…
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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…
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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…
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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…
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Climate Heat on Exxon
5-13-08 by dugan Oh, man, I wish I had a share of Exxon. The shareholder meeting May 30 is going to be a show. A group of big institutional investors, mostly public pension funds, has…
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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…
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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…
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Tell a Lie Often Enough…
5-12-08 by dugan It’s a flat-out lie when oil companies say they’re only making an "average" percentage of profit compared to other companies. Furthermore, journalists shouldn’t be taking the oil industry’s figures at face value….
Press Release
Tax Refunds Going to Gas Tanks
Gas Up 11 Cents In Week, 34 Cents In a Month; Consumers’ Tax Incentive Going Straight to Gas Tanks White House Scorns Action, Congress in Gridlock as Soaring Prices Push Inflation, Motorists Cry ‘Uncle’ …
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Throw It At the Wall…
5-9-08 by dugan …And See If It Sticks. That appears to be where government stands on quelling oil and gasoline prices. Congress is now proposing bucketsful of legislation and other actions in a…
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Exxon Is Holdout on MTBE
5-8-08 by dugan A national lawsuit over water pollution from a gasoline additive was more than half-settled yesterday when four of the five major oil comanies agreed to pay $423 million in cleanup and other…
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Goldman Sachs’ Self-Serving Prediction
5-07-08 by dugan Oil prices are in Alice in Wonderland territory. Today’s new futures-market record, above $122 a barrel, occurred despite a substantial rise in both crude oil stocks and gasoline stocks in the U.S.,…