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…
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One cheer for Exxon
Archive | Tag: cheaper cleaner
Press Release
CEC Deep Freeze On Hot Fuel
California Energy Board Seeks To Put Remedy for ‘Hot Fuel’ Ripoff in Deep Freeze — Group Calls for Immediate Fix Draft Report Accepts Industry Call for Ban on Temperature-Compensating Device, Denies Consumers Would Benefit From…
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Roller-coaster hurts both ways
11-25-08 by dugan There’s no doubt that the crash in oil prices has taken pressure off of consumers and government, even though record-high energy prices did some serious economic damage before the fall. It’s like…
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Waxman win a harbinger?
11-20-08 by dugan Henry Waxman’s close victory today over Rep. John Dingell to chair the powerful House Energy and Commerce Committee should mean better days for a U.S. energy policy focused on independence from fossil…
Blog Post
Why’s gas so cheap? Or is it?
11-20-08 by dugan I’ve been asked a lot lately about why "gasoline is so cheap." Yet the question itself is a result of short memories. Gasoline is certainly a ton cheaper than in July,…
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What Exxon owes us ‘sissies’
11-17-08 by dugan Sitting inside the wreckage of the rest of the U.S. economy, Exxon Corp. beams with fiscal health. It is protected by its insular, petroleum-only culture, as described in a long NY Times…
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Back to $100 Oil, Unless…
11-7-08 by dugan The big consumer news today is continuously dropping gasoline prices, down to $2.31 a gallon nationally and below $2.00 in one state, Missouri. Drivers are still keeping their cars in…
Press Release
Chevron Doubles Profit
Chevron’s Doubled Profit Caps Oil Industry’s ‘Vampire Attack on Economy’ Current Oil Price Breather Is Right Time for Action to Prevent Next Speculative Bubble, Says Group October 31, 2008 Santa Monica, CA — The…
Press Release
Exxon, Shell Post Record Profits
Exxon, Shell Profit Records Cap an Orgy That Weakened U.S., World Economies, Says Group ‘Consumers Now Know Where Their Money Went’; Congress, White House Must Prevent a Repeat of Costly Energy Bubble CONTACT: Judy Dugan,…
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Musical chairs in big oil
10-26-08 by dugan If the oil business were competitive, somebody might feel sorry for BP. The British-based oil giant dropped today to No. 4 among the Big 5 companies, dipping below Chevron in total worth….
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Clap to save green energy
8-22-08 by dugan OK, oil is a fraction of the price it was in July, and gasoline is finally below $3.00 a gallon. Natural gas is also about 50% below its top price this summer….
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Pickens’ Fickle Promises
10-20-08 by dugan Here’s something for Californians to consider when judging the promises made by T. Boone Pickens abouit his personal ballot initiative, Proposition 10. The $5 billion bond initiative would take taxpayer…
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Want Jobs? Go Green
10-20-08 by dugan The nasty state of the economy means that a lot of planned government programs may hit the chopping block. Environmentalists fear that green initiatives, including renewable power, will stall. But…