7-24-08 by dugan Hey, not my headline. It’s straight from the CNNMoney story on the government’s accusations against an oil trading scheme meant to "bully the market." The charge against Optiver Holdings isn’t…
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Archive | Misdeeds
RSS feed for this sectionDocumenting industry actions that demonstrate immorality, greed, or disregard for others.
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Nah, it’s just supply/demand
7-23-08 by dugan The Wall Street Journal’s Brian Baskin today nails down both ends of a mystery in oil markets. The collapse of the little-known SemGroup, a pipeline and storage company as well as major…
Press Release
Conoco Kicks Off Oil ‘Profit Orgy’
NEWS RELEASE: ConocoPhillips Kicks Off a ‘Profit Orgy’ By Major Oil Companies 2nd Quarter Report Shows Industry Still Buying Its Own Stock, Not Investing Record Profits in New Oil or Renewables, Says Consumer Watchdog; Congress…
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What comes after newspapers?
7-22-08 by dugan The cratering of the L.A. Times and the rest of Tribune Co. has me worrying, again, about who will hold the powerful, the corrupt and the incompetent to account when all the…
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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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Engrave it on the fender
7-10-08 by dugan The state of California will require all 2009 and later cars to be labeled with their global warming scores, as well as the current air pollution/smog scores. The 1-10 best-to-worst scores will…
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Airlines get it on speculation
7-10-08 by dugan The major airlines, which are teetering on the financial edge because of oil and fuel prices, are a little late to the party on the effects of unregulated oil markets. But…
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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…
News Clipping
Big Oil Increases Lobbying
Lobbying Increases with Oil Prices Industry spent nearly 62 percent more between 2004 and 2007 By Bennett Roth, HOUSTON CHRONICLE July 04, 2008 THE OIL LOBBY Expenditures for federal lobbying by the oil and gas…
Press Release
$5 Diesel = Economy-Killer
NEWS RELEASE: $5 Diesel Fuel, the Economy-Killer New report shows how oil companies shorted the market and made it happen. CONTACT: Judy Dugan 310-392-0522 x305 or cell 213-280-0175; or Jamie Court x327 July 02, 2008…
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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…