10-19-09 by dugan It’s good news that ExxonMobil lost a big court case today in New York, where a judge ordered it to pay $105 million for contamination of drinking water with a now-banned…
Smoking Gun
Blog Post
A Yogi Berra moment in oil prices
10-16-09 by dugan Oil prices hit another record for the year today, at over $78 dollars for each 42-gallon barrel in futures markets. That’s well over double the late 2008 low of 32 dollars…
News Clipping
Why CA Pays More For Gas
Why Californians Are Paying Even More For Gas By David R. Baker, THE SAN FRANCISCO CHRONICLE September 24, 2009 Californians usually pay more for gasoline than do other Americans. But not this much more. A…
Blog Post
Cracks in the Armor of Denial
09-23-09 by dugan Pacific Gas and Electric Co.’s departure from the national Chamber of Commerce is a strong message, one that more middle-of-the-road corporations ought to hear. The Chamber, claiming to represent all of…
Blog Post
One less den of sex ‘n drugs
09-16-09 by dugan It’s hard to even keep track of the sex scandals–was that a governor or a senator? Which state? But one of the best of last year was in the even more…
Blog Post
Goldman Sachs’ oil-rig loophole
09-10-09 by dugan Who knew that investment giant Goldman Sachs was in the oil business? I’m picturing top execs earning their tens-of-millions bonuses in hard hats and oil-streaked yellow overalls. The news is part…
Blog Post
Did Chevron run a sting?
09-03-09 by dugan Maybe it’s just my cynical nature, but Chevron’s "smoking gun" video alleging corruption in Ecuador has its fishy points. Chevron has gotten some media on a charge that a video it…
Blog Post
More oil, yes. Cheaper? Nope.
9-3-09 by dugan If an oil giant finds a "giant" oil discovery, do oil prices respond with a sharp drop? Nope, because oil prices aren’t following anything except the stock market. BP trumpeted…
News Clipping
Oil Speculators On The Run
Oil Speculators On The Run Government may clamp down on banks, funds and others that don’t actually use crude. But will new rules bring down prices? By Steve Hargreaves, CNNMONEY.COM September 2, 2009 NEW YORK,…
Report
Who’s killing the U.S. dollar?
08-28-09 by dugan Did you hear the one about how the Bush administration used the wrong calculations last year when it declared that it wasn’t financial speculation causing the huge oil spike price? It’s…
Blog Post
Celebrate Oil Day!
Here’s something even more fun than the oil industry’s mass recruitment of employees to stage industry-funded "citizen protests" against U.S. caps on climate-destroying oil emissions. The Ayn Rand Institute asks us all to celebrate…
News Clipping
Brazil Finds Big Oil
Alternative Energy Powerhouse Brazil Finds Big Oil August 24, 2009 By Bradley Brooks, ASSOCIATED PRESS Brazil, long proud of its push to develop renewable energy and wean itself off oil, has a bad case of…
Blog Post
Economic recovery vs. oil
08-22-09 by dugan If a few slightly cheerful sentences from Fed Chairman Ben Bernanke can spike the price of oil to a record for the year, the economy is in serious trouble. There’s no…