11-10-07 by dugan Here’s a striking tale from the Washington Post on the global power shift of $100 oil, mainly to the benefit of dictators and corrupt proto-despots. Japan is suffering because it…
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Archive | Tag: greed
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Guns and Oil
11-09-07 by dugan Here’s an interesting cross-fertilization in the news. The Wall Street Journal posts a business item on how rising oil prices mean that Nigeria will keep more of the oil pumped by Exxon,…
Press Release
Gas Price Spike = Gift for Big Oil
NEWS RELEASE November 5, 2007 CONTACT: Judy Dugan, 310-392-0522, ext. 305, or cell: 213-280-0175 Gasoline Price Spike Heralds Economy-Busting Christmas ‘Present’ For Oil Companies Price for Regular Up 14 Cents Nationally, to $3.01, In One…
Press Release
Chevron On Pace For Record Profit
NEWS RELEASE November 2, 2007 CONTACT: Judy Dugan, 213-280-0175 Chevron Still On Pace For Record Annual Profit; Consumer Group Warns Of $4+ Gasoline As Chevron & Others Return To High Refining Profits In Spring ’08…
Press Release
Exxon’s 3rd Qtr Only 10% Lower
NEWS RELEASE November 1, 2007 CONTACT: Judy Dugan, (310) 392-0522, ext. 305, cell: (213) 280-0175; or Tim Hamilton, (360) 495-4941 Perspective on Exxon: $9.4 Billion Quarterly Profit Only $2 Billion Shy of 2002 Yearly Profit;…
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Regents Must Review UC-BP Deal
NEWS RELEASE October 31, 2007 CONTACT: John M. Simpson, 310-392-0522, x317, or cell: 310-292-1902 Consumer Advocates Insist UC Regents Review $500 Million "UC-BP" Deal; Demand Proposed Contract Terms Be Made Public Santa Monica, CA —…
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BP Moves ‘Beyond Problems’
10-29-07 by Simpson First BP tried to position itself as Beyond Petroleum, though Bumbling Petroleum is more accurate. Now with cold cash — just pocket change to the oil giant — BP is trying to…
Press Release
Chevron CEO Gets Gouging Award
NEWS RELEASE October 25, 2007 CONTACT: John M. Simpson, 310-392-0522, x317, or cell: 310-292-1902 Consumer Advocate Confronts Chevron Chief Executive Over Soaring Gasoline Prices With "Golden Nozzle Award" Los Angeles, CA — Consumer Advocates from…
Press Release
Only a Pause for BP
NEWS RELEASE October 23, 2007 CONTACT: Judy Dugan, 310-392-0522, ext. 305, or cell, 213-280-0175, or Tim Hamilton, 360-495-4941 BP Profit Drop Just a Pause in Windfall Profits, Says Consumer Group; Company Warned Not to Skimp…
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Speculation on $100 Oil
10-22-07 by dugan How the heck would oil prices hit $100 a barrel? Because oil speculators really, really want it to. The Wall Street Journal’s Matt Chambers has a concise summary today, noting that…
Press Release
Big Oil Gives $500K+ to Giuliani
NEWS RELEASE October 19, 2007 CONTACT: Judy Dugan, 310-392-0522 x305 Giuliani Leaps Past $500,000 Mark in Big Oil Contributions; All Presidential Candidates Should Return Oil Industry’s "Dirty Money," Says Watchdog Group Santa Monica, CA —…
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Spike In Crude Oil But Not Gas Prices
Spike in Crude Oil Price to $88/Barrel Without New Run-Up in Pump Price Exposes Oil Industry Deception, Profiteering; Oil Companies’ Claim That Crude Oil Costs Drive Gasoline Price Makes No Sense With Today’s Barrel Prices…
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“I Got Mine” Attitude on Hot Fuel
10-08-07 by dugan I’ve heard lots of arguments by gasoline distributors and retail chains about why they "can’t" adjust retail fuel sales for temperature expansion: "We’ve always done it this way, no one would benefit,…