This just in…The Inspector General at the Department of the Interior found, according to the Associated Press, "Government officials handling billions of dollars in oil royalties partied, had sex with and accepted golf and…
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Show us your algae!
8-22-08 by dugan I was reading up today on research about turning pond scum into biodiesel. One promising thread is that algae can be fed the carbon dioxide emitted by power plants, multiplying…
Press Release
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…
Press Release
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…
Blog Post
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…
Blog Post
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),…
Blog Post
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…
Blog Post
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…
Blog Post
Why cheaper gas is right
06-20-08 by dugan I’ve gotten some e-mails telling OilWatchdog that it’s off course in asking drivers to send their gas bills to Congress and demand some action to get prices down. One group says we…
Blog Post
Greed for pennies
Just when you think big oil companies like ExxonMobil might be content with tens of billions of yearly profits, they surprise you by grasping for pennies. This time it’s not just the driver at the…
Press Release
Oil Prices Sag, Pump Prices Rise
NEWS RELEASE 33-Cent Monthly Rise in Gasoline Keeps Oil’s Foot on Drivers’ Necks Oil Prices Sag Yet Pump Keeps Zooming; Lack of Oversight Means ‘Double Whammy for Consumers’ and Economy This Summer, Says…
Blog Post
Copy-Machine Oil Hearings
5-22-08 by dugan Watching the same pack of oil executives troop to the House of Representatives today and the Senate yesterday was mostly a deja vu experience. The execs’ canned testimony was from…
Blog Post
Exxon Is Holdout on MTBE
5-8-08 by dugan A national lawsuit over water pollution from a gasoline additive was more than half-settled yesterday when four of the five major oil comanies agreed to pay $423 million in cleanup and other…