12-2-08 by dugan With U.S. automakers headed to Washington for a do-over of their disastrously inept begging trip, OilWatchdog reader Ray Bock of Arroyo Grande, Calif., offers a suggestion that’s been in the air: Let…
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Archive | Tag: greed
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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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Exxon’s go-slow strategy backfires
Here’s a case that lights up Exxon’s strategy of reaping all the profit it can, while balking at actually developing new U.S. oil and natural gas resources. Exxon and a few partners recently lost their…
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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…
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Voters saw through Pickens
11-6-08 by dugan California was the tip on Boone Pickens’ spear. His Proposition 10, demanding taxpayer billions to finance a new market in natural gas fuels (Pickens’ chief business). It was obviously a first shot…
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,…
Press Release
BP’s 3rd Qtr Profit $10+ Billion
BP’s Outlandish Profits Have Inflicted Serious Damage on Consumers and Whole Economies, Says Watchdog BP Profit, Including Inventory, More Than Doubles from Year Ago to Over $10 Billion on Spiking Oil Prices CONTACT: Judy Dugan,…
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Prop 10’s sugar daddy
10-27-08 by dugan The No On Proposition 10 campaign reports today that oil and gas tycoon T. Boone Pickens has now poured $19 million dollars into his campaign for Proposition 10, the California ballot initiative…
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Greenwash extraordinaire
10-26-08 by dugan Chevron tries harder. Nope, not to cut fuel prices or compete to be first in renewable energy. For Chevron it’s all about hearts and minds, as another full-page color ad in the…
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Fun with Pickens’ pocket-picking
10-23-08 by dugan We Californians have had about all we can take of slogging through a dozen ballot initiatives on the Nov. 4 ballot, most of them from narrow special interests. Those special interests include…
Press Release
ConocoPhillips Doubles Profit
ConocoPhillips Doubles Its Profit for 2008 — Harbinger for Bigger Oil Companies $14 billion profit for the first three quarters is more than $7 billion above 2007, money that “went straight onto consumers’ crushing credit…