10-30-09 by dugan Why is it that media reports on oil company profits only compare them to the previous quarter and the previous year? This week’s third-quarter profit reports for Exxon, Shell, Chevron and…
Blog Post
Archive | Tag: cash register politics
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…
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
How to buy a climate policy
California has a forward-looking climate policy, but everything depends on how it’s implemented. And buying the face time band private access needed to make things better for industry just gets easier: the state Chamber…
Press Release
Oil Price Spikes As Oil Profits Skid
Oil Price Spike, As Exxon And Others’ Profit Skids, Shows Potential For New Economy-Killing Energy Roller Coaster, Says Consumer Watchdog Profit Reports Offer More Proof That Oil Prices Are Disconnected From Actual Petroleum CONTACT: Judy…
Blog Post
Big about-face on speculation
7-28-09 by dugan Last fall, the Bush administration said all that business with oil hitting $147 a barrel and gasoline at over $4.00 a gallon was just supply and demand at work. Today–big oops!…
Blog Post
Hot fuel fix rises from the dead
7-21-09 by dugan Is it hot out? Well, so’s your gasoline. You’re losing a few cents a gallon each time you fill up at the pump. And no, with today’s insulated underground tanks,…
Blog Post
Goldman Sachs’ oil revival
7-13-09 by dugan Investment bank Goldman Sachs is about to report an eye-popping profit increase, leaving the rest of the economy in the dust. That should remind us of Goldman’s key role in the energy-price…
Blog Post
Walk the walk on speculation
Gary Gensler made news today by repeating some earlier pledges to get speculative oil markets under control. He has to act soon. If oil prices can hit $70 a barrel in this economy, they’ll shoot back up to $140 a barrel, with $4-a-gallon gasoline, at the slightest encouragement.
Blog Post
How oil bucks lubed climate bill
7-2-09 by dugan Here’s a great explanation, copublished by Greenwire and the New York Times online, of how the oil and energy industries steadily weakened the big climate change bill in Congress, and why…
Blog Post
Pickens is back for your bucks
06-30-09 by dugan I choked on my black-bean enchilada when an e-mail alert popped up about a new bill in the Senate. Oklahoma oil and natural gas billionaire T. Boone Pickens, who failed miserably last…
Blog Post
Chevron’s $27-billion liability sticks. Again.
06-30-09 by dugan Chevron keeps throwing money at the lawsuit by Ecuadoran peasants whose land and water were spoiled by oil drilling’s toxic leftovers. The oil giant wants the suit to go away, or at…