9-22-08 by dugan Oil prices shot up by an all-time record $25 a barrel in one day because, um, because… uh, well, for no good reason. It’s all paper trading and has nothing to do…
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Archive | Tag: greed
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Is Calif. getting lucky?
9-17-08 by dugan California, usually at the top of the gasoline price pyramid, has lately been just below the national average of $3.85 a gallon, a near unheard-of situation. It’s partly about the wholesale-level gouging…
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Sex, drugs and oil, part 2
9-15-08 An inspector general’s report about years of hard partying, drug use and lavish gifts at the Denver office of federal oil regulators fingered the involvement of Chevron, Shell and a smaller company. The report…
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$5 gas and “drill now”
9-14-08 by dugan If Americans really want more $5 gasoline after the next hurricane, and more power for the oil lobby in Washington, the "drill now" campaign is the perfect vehicle. That connection hit me…
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My take on T. Boone’s Prop 10
by dugan 9-10-08 I was asked to share my analysis of T. Boone Pickens’ Prop 10 on the November California ballot with the California Legislature today. The legislature’s own analysis of Prop 10 was skeptical…
Smoking Gun
Sex, Drugs & Bush Admin
This just in…The Inspector General at the Department of the Interior found, according to the Associated Press, "Government officials handling billions of dollars in oil royalties partied, had sex with and accepted golf and…
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Oil manipulation? We’re shocked.
9-04-08 by dugan For the last two years, the White House and its Commodity Futures Trading Commission have patted us all on the head and said "it’s only supply and demand" while the price of…
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Gustav and gas prices
By dugan 8-30-08 The first concern as Hurricane Gustav sweeps across Cuba and toward the Gulf Coast is life and limb. Afterward, though, already painful gasoline prices could hit $5.00 a gallon quickly. Unlike the…
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Cap and trade, explained
8-27-08 by dugan There’s no question that tough, enforceable reductions of carbon emissions are the only way to reduce the threat of global warming. Or that the world is heading into a market-based "cap and…
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Arnold’s big idea: Use less gas
8-19-08 by M.Reback Arnold’s big idea: Use less gas It seems the extent of Governor Schwarzenegger’s solution for Californians to help combat sky-high gas prices is… promoting more efficient use of gasoline. Gee thanks for…
Smoking Gun
Guru of “drill here, drill now”
8-13-08 by dugan How did the "drill now, drill everywhere" gang persuade Americans that giving U.S. coastline and wilderness to oil companies is an energy policy? Credit goes to a brilliant deceiver who most people…
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How gas prices boost oil price
8-13-08 by dugan The price of crude oil went up about $4 a barrel today not for any lack of oil, but because U.S. companies are cutting back on refining gasoline. The cutbacks are business…
Press Release
Chevron: Drill Less, Profit More
NEWS RELEASE: Chevron Profits: Drill Less, Profit More Chevron Data Shows Industry Lag in Producing New Oil from U.S. Source — Lower Production Shows Failure of Investment, Not Lack of Oil, Says Watchdog Santa…