NEWS RELEASE July 27, 2007 CONTACT: Judy Dugan, 310-392-0522, ext. 305, or cell: 213-280-0175, or John Simpson, ext. 317 Chevron Record Profit Driven by Refining Profits Up 41% in US, 30% Overall, On Record Gasoline…
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You’re Big Oil’s Piggy Bank
07-26-07 by dugan Once Upon a Time, Big Oil made its big profits on drilling oil. Now the oil guys are pickpocketing motorists directly, racking up ever-larger profits on gasoline and diesel production. Exxon…
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Exxon’s Record Refining Profits
NEWS RELEASE July 26, 2007 CONTACT: Judy Dugan, 310-392-0522, ext. 305, cell: 213-280-0175, or John Simpson, ext. 317 Record Pump Prices Give Exxon Record Refining Profits, More than $10 Billion Total Earnings; Group Calls for…
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Exxon Admits “Hot Fuel” Ripoff
NEWS RELEASE July 17, 2007 CONTACT: Judy Dugan, 310-392-0522, ext. 305, or cell: 213-280-0175 ExxonMobil Pump Decals Will Admit "Hot Fuel" Ripoff to Consumers; Group Demands the Next Step: Fix the Problem Santa Monica, CA…
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Call It “Gigantic Oil”
07-12-07 by dugan Here’s a short-form roundup from priceofoil.org on the latest Fortune 500 list: Ooil companies and their biggest customers, the auto makers, dominate the Top 10. Something not noted: Walmart’s, listed as No….
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Soon, the Monolith
07-5-07 by dugan Someone recently asked me why Shell sold its mega-profitable Southern California refinery to the refining company Tesoro. Umm, I dunno, was my brilliant reply. Today, there’s a blazingly obvious answer, but…
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Nothing Satisfies ‘T Rex’
06-27-07 by dugan You’d think, after the Senate dropped from its energy bill anything that might give heartburn to Big Oil, that ExxonMobil CEO Rex Tillerson would be grinning ear to ear. But…
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First Venezuela, Then….
06-25-07 by dugan ExxonMobil and Conoco Philllips are playing a high-stakes game of chicken with Venezuelan strongman Hugo Chavez over his seizure of control in the companies’ Orinoco oilfields. The worst-case result could be the…
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“Sticks And Stones…”
06-25-07 by Simpson Now I’m being compared to Joe McCarthy and Nazi propagandist Joseph Goebbels for pointing out that when a university takes Big Oil money it hurts the credibility of research done there. Big…
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BP Grant Came After Article
NEWS RELEASE June 21, 2007 CONTACT: John M. Simpson, (310) 392-0522, ext. 317;(310) 292-1902 (cell) BP Foundation’s $7.5 million Grant To Stanford Came After Favorable Research Article Santa Monica, CA — The flow of Big…
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Greasing The Wheels of Academe
06-20-07 by Simpson More Big Oil Money is greasing the wheels of academe making the nation’s big name universities little more than extension campuses of “Big Oil U.” Stanford University’s Program on Energy and Sustainable…
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Big Oil’s Finger To Congress
06-11-07 by dugan The House subcommittee investigating the ‘hot fuel" ripoff asked the CEOs of ExxonMobil and shell to testify at a hearing last Friday. Exxon’s Rex Tillerson and Shell’s John Hofmeister were no-shows, sending…
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What Would Tesoro Do?
06-04-07 by dugan Wow. A refiner makes a business decision that also benefits consumers. Pop the Champagne! The LA Times reports today on the decision by Tesoro Corp., a Texas-based refining company, to modernize and…