2-18-09 by dugan 2-19 update: AP update from last night says it’s definitely a lubricant oil spill from a tank on the platform, but still not fixed. Why’s that? And how long was it leaking…
Blog Post
Archive | Misdeeds
RSS feed for this sectionDocumenting industry actions that demonstrate immorality, greed, or disregard for others.
Press Release
CEC’s Skew To Big Oil Protested
Consumer Groups Protest California Energy Commission’s Skew to Oil Industry in ‘Hot Fuel’ Report Letter to Commissioner Heading Hot Fuel Study Cites His Clear Conflict of Interest: Spouse’s Petroleum Association Job Washington, DC — Two…
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 —…
Blog Post
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…
Blog Post
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…
News Clipping
Why Gas Rises While Oil Drops
Meltdown 101: Why Gas Prices Rise While Oil Drops By John Porretto, ASSOCIATED PRESS January 15, 2009 HOUSTON, TX — You may do a double-take as you pass your local gas station. Chances are, the…
Report
Energy market piracy
1/14/09 by dugan Here’s a truly watchable explanation of how speculative money took over energy markets in 2008 and helped ruin the world economy. Solutions are included, thanks to CBS 60 minutes and Consumer Watchdog’s…
Blog Post
Oil platforms are forever
12-29-08 by dugan With a new administration a few weeks from office, and Gov. Arnold Schwarzenegger in opposition, the likelihood of new offshore oil rigs popping up along the California coast may seem slim. But…
Blog Post
Petroleum’s Happy Holiday
12-24-08 by dugan The White House giveaways have been so fast and furious that they’re hard to track. But here are a couple of recent tales that round up the oil industry loot in this…
Blog Post
One cheer for Exxon
Oil companies said, back when crude oil cost $145 a barrel, that exploration and construction costs were too high for them to invest much in drilling and refining. Exxon, for instance, spurned any project that…
Blog Post
First, Undo the Harm*
Sometimes good news mostly illumines the bad news that went before. Take president-elect Obama’s appointment of a four-person "energy and environment" team, including Energy Secretary-designee Steven Chu, Interior Secretary-designee Ken Salazar and a "climate czar,"…