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The reviled “jobless recovery” of the U.S. economy won’t improve much in 2012, say the usual forecasters. But oil company executives and market speculators can break out the champagne now as the price of crude oil starts the year with a huge jump. It’s not about Iranian threats or rising demand, it’s about speculative profits.

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Exxon Mobil, which is making big bets worldwide on hydraulic fracturing for deeply buried natural gas, is also making big bets on its sincere, earnest advertising about clean, safe natural gas. The ads turn me into a…

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The price of gasoline is up a dollar in the last year to $3.83 a gallon nationally. Good time to see a strange, funny, disturbing documentary called “Gashole” about how this happens. Who knew that Congressional hearings featuring oil company CEOS could be simultaneously hilarious and horrifiying? Or that “Reefer Madness” provides a clue to how oil companies distract us from the real issues?

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The wee island nation of Fiji managed Wednesday to back down a California-owned company and extract a fee of 8 US cents per liter on Fiji Water. The state of California can’t even manage to back down Big Oil and charge a few cents a gallon on oil pumped out of its public lands. Jerry Brown, are you listening?

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The charitable interpretation of Kenneth Feinberg’s keynote speech Wednesday for the Chamber of Commerce Institute for Legal Reform is that the BP compensations fund administrator is deaf to the implications. When Feinberg opens his mouth, he’ll be validating a powerful and viciously anti-consumer organization whose parent, the Chamber, is deeply involved in pro-corporate politics.

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Given the fury directed at BP in Congressional hearings on the Gulf oil spill, you’d think the time was ripe to cut the oil industry’s ridiculous subsidies–amounting to at least $40 billion per decade, according…

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