9-22-08 by dugan Why is Exxon’s stock down 16% since the beginning of this year? Because it’s sitting on a cash hoard of $39 billion, spending more on buying back its own stock than producing…
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$5 gas and “drill now”
9-14-08 by dugan If Americans really want more $5 gasoline after the next hurricane, and more power for the oil lobby in Washington, the "drill now" campaign is the perfect vehicle. That connection hit me…
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Palin’s big fat oil tax
9-4-08 by dugan In her first speech Wednesday as a VP candidate, Sarah Palin got whooping cheers for her accomplishments as governor of Alaska, including a big state budget surplus. But Palin didn’t mention how…
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Gold medal in greenwash
8-17-08 by dugan Watching ExxonMobil’s ad blitz on NBC during the Olympics, you’d think it was a company dedicated to teaching science, mentoring young engineers and eradicating malaria in the Third World. At an estimated…
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Exxon: ‘Pumping Cash, Not Oil’
NEWS RELEASE: Exxon: ‘Pumping Cash, Not Oil’ Exxon’s ‘Biggest Profit in the World’ Is Actually Bigger; $8 Billion in Unproductive Share Buybacks Should be Counted, Says Group Shell, No. 2 Oil Co., Also Hits New…
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Alaska: Big Oil in charge?
7-29-08 by dugan Here’s another thread in the federal corruption case against Sen. Ted Stevens of Alaska. The company tied to Stevens, Alaska oilfield servicer VECO, also did a lot of political dirt in the…
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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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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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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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No new refineries? Here’s why
7-11-08 by dugan I’ve heard many an oil executive say their company would be glad to build new refineries, but the government/the environmentalists won’t let it happen. President Bush has called for dumping environmental regulation…
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Big Oil = 6 of top 10 Fortune 500
Fortune Magazine has released their Global 500 list of the top international companies, and to no one’s surprise, thanks to their obscene record profits, Big Oil companies hold 6 of the top 10. Check out…
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First Exxon Valdez, now BP
When we have a White House that opens its arms to the oil industry, we’re bound to end up with judges who have similar sympathies. So it was in the Supreme Court’s slash job on…
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Exxon Valdez and coastal drilling
06-25-08 by dugan Today’s big win by Exxon in the U.S. Supreme Court might make Americans think twice about letting Exxon and friends resume drilling for oil off the Atlantic and Pacific coasts. If the…