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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Archive | Natural Gas
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Chevron Commits to “Alt” Energy
Chevron Commits to ‘Alt’ Energy By George Avalos, CONTRA COSTA TIMES (CA) May 07, 2008 Chevron Corp. will spend $2.5 billion on alternative and renewable energy technologies, part of its push to develop new kinds…
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Chevron Notches Record 1st Qtr
Chevron Notches Record First-Quarter Profit By David R. Baker, SAN FRANCISCO CHRONICLE May 03, 2008 The same high oil prices that are taking a bite out of the economy brought Chevron Corp. its biggest first-quarter…
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Exxon’s $10.9 Billion 1st Qtr
Exxon’s $10.9 Billion in Profit Disappoints Street Prices at the Pump Aren’t Keeping Pace with Rising Oil By Edward Iwata, USA TODAY May 2, 2008 Houston-based ExxonMobil, the No.1 publicly traded oil company in the…
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Occidental’s Record High Profit
Occidental’s Profit Soars 53% to Record High on Surging Oil Prices By Tiffany Hsu, LOS ANGELES TIMES April 25, 2008 Buoyed by booming energy prices and output, Westwood-based Occidental Petroleum Corp. said Thursday that first-quarter…
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Upside, Downside on Gas Tax Relief
4-15-08 by dugan The big upside of Sen. John McCain’s proposal today to suspend the 18.4-cent federal gasoline tax through this summer is that it’s simple and popular: Get rid of a tax…
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Oil Execs Say “Don’t Blame Us!”
Oil Firms Aren’t to Blame for Prices, Execs Tell House Panel Growing demand and curbs on U.S. drilling are among reasons they cite for record highs at the pump. By Sarah D. Wire, LOS ANGELES…
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Better Late, Etc…
3-20-08 by dugan Just as the oil bubble shows its first holes, the New York Times gets around to a real, meaty story on the dangers of unregulated commodity markets. It’s a story that…
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Deadly Plug-In Hybrids!
3-14-08 by dugan I’m happy to admit that Earth would be better off if we all hiked or biked to work, got our power from solar panels on the roof, wore parkas indoors rather…
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Speculation Keeps Oil High
The San Diego Union-Tribune February 24, 2008 by Dean Calbreath Speculation helping keep price of oil stratospheric As the price of oil jumped above $100 per barrel last week, pundits were falling over themselves to…
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Oil gushes past $100
Los Angeles Times February 20, 2008 by Elizabeth Douglass & Tom Petruno, Times Staff Writers Oil gushes past $100 The price of crude rises $4.51 to a closing record of $100.01 as commodities rally The…
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Gamblers Get Their $100 Oil
2-19-08 by dugan If I told you that Venezuela’s crackpot leader Hugo Chavez is responsible for crude oil hitting $100 a barrel in futures trading today, would you believe me? I hope not. But…
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Exxon’s $40.6 billion record
The New York Times February 2, 2008 by JAD MOUAWAD Exxon Sets Profit Record: $40.6 Billion Last Year By any measure, Exxon Mobil’s performance last year was a blowout. The company reported Friday that it…