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 —…
Press Release
Blog Post
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…
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
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…
Blog Post
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…
Blog Post
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…
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…
Blog Post
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:…
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
Insight on ‘cheaper and cleaner’
1-13-09 by dugan The Detroit Auto Show is mostly a weep-fest, from the reporting, though electric cars are stealing what little show there is. The drooling crowds were mostly around the third-generation Prius, with its…
News Clipping
Gas Price In AR Leaps In Week
Gasoline Price In State Leaps 20¢ In Week Mideast Conflict, Natural Gas Dispute Raise Cost Of Oil, But It’s Retreating Again By Laura Stevens, ARKANSAS DEMOCRAT-GAZETTE January 9, 2009 Global conflict and rising crude oil…