Exxon Profit at 2003-04 Levels ‘Shows What Normal Looks Like,’ Says Consumer Group Santa Monica, CA — Exxon Mobil’s first quarter profit of $4.55 billion dollars is small only by comparison to the last six…
Press Release
Archive | Tag: price-gouging
Blog Post
Price-fixing tales
04-07-09 by dugan What OilWatchdog usually worries about is what refiners do to keep fuel prices higher than they should be, and lately I’ve been studying the paucity of real-time operational information that is available…
Press Release
Conflict Taints Hot Fuel Study Outcome
Consumer Group Letters Charge Conflict of Interest in Oil-Friendly Outcome of California Fuel Temperature Study Gov. Schwarzenegger, Assembly Speaker Bass Asked for Action to Protect Consumer Fairness Santa Monica, CA — Consumer Watchdog has filed…
Blog Post
Speculators back at work
The fuel dealers’ newsletter Oil Express sent around a bulletin today that shows who’s still gyrating the price of oil, gasoline and diesel. The headline: Gasoline, Diesel, Crude Ride Surge in Wild Thursday Trading. Prices…
Press Release
Hot Fuel Study Fixed For Big Oil
Documents Show Political Appointees Interfered With Cal. Energy Commission Study Of Hot Fuel Ripoff To Protect Oil Companies Consumer Group Says Government Staff’s Consumer-Oriented Findings Were Altered by Commissioners With Ties to Oil Industry Santa…
Press Release
Groups Seek Hot Fuel Records
Consumer Groups Seek Records of California Energy Commission On Disputed ‘Hot Fuel’ Report, After Conflict of Interest Charge Against Commissioner Santa Monica, CA — Consumer Watchdog and Public Citizen have filed a detailed request for…
Press Release
Exxon & Chevron’s Record Profits
Energy Prices That Deepened Recession Drive Exxon, Chevron to Yearly Profit Records, Says Watchdog Oil Giants Cling to Cash Hoards and Trim Output, Setting Trigger for Next Price Spike Santa Monica, CA — Consumers left…
Press Release
Shell’s 4th Qtr Profit Or Loss?
Shell Oil: Is It Profit or Loss? Paper Losses Blur Hard-Cash Record Profits in Industry Oil Production and Gasoline Refining Cuts Increase Odds of Future Price Spikes, Says Watchdog Santa Monica, CA — Shell’s 4th…
Press Release
Conoco’s 4th Qtr Loss
Conoco’s Loss: Consumer Group Sees Trend of Major Oil Companies Waiting Out Recession, Not Investing for Recovery Corporate Cutbacks Now Likely to Generate Price Spikes Later As Economy Tries to Recover Santa Monica, CA —…
Blog Post
Oil profits: Watch the other hand
1-26-09 by dugan The major oil companies will be reporting their 4th quarter 2008 and annual profits this week, and here’s a safe prediction: They’ll lean on the drop in their 4th quarter profits as…
Blog Post
Anything to boost oil’s price
1-15-09 by dugan There are tanker ships loaded with cheap crude oil just floating around the oceans waiting for the price to go up, says a report today by Clifford Krauss of the New York…
News Clipping
Why Gas Rises While Oil Drops
Meltdown 101: Why Gas Prices Rise While Oil Drops By John Porretto, ASSOCIATED PRESS January 15, 2009 HOUSTON, TX — You may do a double-take as you pass your local gas station. Chances are, the…
Report
Energy market piracy
1/14/09 by dugan Here’s a truly watchable explanation of how speculative money took over energy markets in 2008 and helped ruin the world economy. Solutions are included, thanks to CBS 60 minutes and Consumer Watchdog’s…