NEWS RELEASE: Exxon: ‘Pumping Cash, Not Oil’ Exxon’s ‘Biggest Profit in the World’ Is Actually Bigger; $8 Billion in Unproductive Share Buybacks Should be Counted, Says Group Shell, No. 2 Oil Co., Also Hits New…
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Archive | Tag: greed
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Murder in the U.S. Senate
7-30-08 by dugan The noise, hearings and promises in Congress about oil prices and energy relief are adding up to precisely zero result. Even the most modest, targeted bills are falling off the…
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Alaska: Big Oil in charge?
7-29-08 by dugan Here’s another thread in the federal corruption case against Sen. Ted Stevens of Alaska. The company tied to Stevens, Alaska oilfield servicer VECO, also did a lot of political dirt in the…
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Alaska, the U.S. oil-state
7-29-08 by dugan Alaska being the closest thing in the U.S. to an oil nation, it didn’t take long to find a connection between newly indicted Sen. Ted Stevens and British-owned BP, a major driller…
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BP Posts Record 2nd Qtr Profits
NEWS RELEASE: BP Profits: ‘Congratulations Are Not In Order,’ Says Consumer Watchdog New Quarterly Records Show Oil Companies ‘Spiting the Future For the Sake of Cash in Hand’ CONTACT: Judy Dugan, 310-392-0522 ext. 305, or…
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‘Fat, sloppy smooch’ to oil
7-25-08 by dugan Today’s defeat in the Senate of a mild little bill to regulate wild speculative energy markets was a raw display of oil and financial industry power in Washington. So was the defeat…
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Traders Manipulated Oil Prices (!)
7-24-08 by dugan Hey, not my headline. It’s straight from the CNNMoney story on the government’s accusations against an oil trading scheme meant to "bully the market." The charge against Optiver Holdings isn’t…
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Nah, it’s just supply/demand
7-23-08 by dugan The Wall Street Journal’s Brian Baskin today nails down both ends of a mystery in oil markets. The collapse of the little-known SemGroup, a pipeline and storage company as well as major…
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Conoco Kicks Off Oil ‘Profit Orgy’
NEWS RELEASE: ConocoPhillips Kicks Off a ‘Profit Orgy’ By Major Oil Companies 2nd Quarter Report Shows Industry Still Buying Its Own Stock, Not Investing Record Profits in New Oil or Renewables, Says Consumer Watchdog; Congress…
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Beggar with an ermine cup
The PR departments of the major oil companies are madly developing their spin for the yet-another-record 2nd quarter profits they’re about to report. What they’ll say: "Without these gigantic profits (including billions in taxpayer subsidies),…
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Airlines get it on speculation
7-10-08 by dugan The major airlines, which are teetering on the financial edge because of oil and fuel prices, are a little late to the party on the effects of unregulated oil markets. But…
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Big Oil = 6 of top 10 Fortune 500
Fortune Magazine has released their Global 500 list of the top international companies, and to no one’s surprise, thanks to their obscene record profits, Big Oil companies hold 6 of the top 10. Check out…
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First Exxon Valdez, now BP
When we have a White House that opens its arms to the oil industry, we’re bound to end up with judges who have similar sympathies. So it was in the Supreme Court’s slash job on…