Here’s an environmental blog that gets straight to the heart of what’s wrong with existing and planned "cap and trade" schemes to reduce global warming emissions with a free market in so-called "carbon credits." The…
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Archive | Companies
RSS feed for this sectionMonitoring the activity of the industry’s largest companies.
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News Clipping
Chevron Sets New Profit Record
Chevron’s 2008 Profit New Record By George Avalos, CONTRA COSTA TIMES (CA) January 30, 2009 SAN RAMON, CA — Chevron Corp. powered to a gusher of record profits in 2008 that totaled $23.9 billion, the…
Press Release
Exxon & Chevron’s Record Profits
Energy Prices That Deepened Recession Drive Exxon, Chevron to Yearly Profit Records, Says Watchdog Oil Giants Cling to Cash Hoards and Trim Output, Setting Trigger for Next Price Spike Santa Monica, CA — Consumers left…
Press Release
Shell’s 4th Qtr Profit Or Loss?
Shell Oil: Is It Profit or Loss? Paper Losses Blur Hard-Cash Record Profits in Industry Oil Production and Gasoline Refining Cuts Increase Odds of Future Price Spikes, Says Watchdog Santa Monica, CA — Shell’s 4th…
Press Release
Conoco’s 4th Qtr Loss
Conoco’s Loss: Consumer Group Sees Trend of Major Oil Companies Waiting Out Recession, Not Investing for Recovery Corporate Cutbacks Now Likely to Generate Price Spikes Later As Economy Tries to Recover Santa Monica, CA —…
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Wheels cut from under transit
1-27-09 by dugan Now we know global warming will stick around for 1,000 years, and every extra pound of carbon emitted will make things worse. That report from scientists at the National Oceanic and Atmospheric…
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Oil profits: Watch the other hand
1-26-09 by dugan The major oil companies will be reporting their 4th quarter 2008 and annual profits this week, and here’s a safe prediction: They’ll lean on the drop in their 4th quarter profits as…
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Sarkozy is crazy… Like a fox
1-23-08 by dugan Despite the fondness of American conservatives for France’s "cowboy president" Nicolas Sarkozy, his proposal to bargain with OPEC for fixed and stable oil prices was all but ignored in the U.S. news…
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Don’t cry for Chevron and Exxon
1-22-09 by dugan Can California’s poor little oil companies–Exxon, Shell, Chevron and Occidental Petroleum among them, afford in these bad times to pay something back to California for oil they extract and sell in…
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Treat refiners like utilities? Yep.
1-21-09 by dugan It’s not exactly a buzz yet, but there’s discussion in Washington about banks becoming more like regulated public utilities. Let’s add to that the refining business, which has more in common with…
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Predator Exxon
1-19-08 by dugan How’s your 401 K? Having any trouble paying the mortgage, or the rent? Not Exxon’s problem. It’s on the hunt for bargains–specifically, other oil companies. There’s been a burst of stories like…
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Anything to boost oil’s price
1-15-09 by dugan There are tanker ships loaded with cheap crude oil just floating around the oceans waiting for the price to go up, says a report today by Clifford Krauss of the New York…
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The unwinding begins
President-elect Obama’s nominee to head the Environmental Protection Administration all but said in hearings today that she would reverse the EPA’s rejection of California’s tougher-than-national greenhouse curbs on auto emissions. From the San Francisco Chronicle:…