Press Release
‘Optimism’ Is Driving Energy Prices, Consumers Will Suffer The Memorial Day Hangover, Says Consumer Watchdog Oil, Gas Prices Rising Again At Record Clip For Holiday, Despite Oversupply, Low Demand, Says Group Washington, D.C. — The…
Blog Post
05-08-09 by dugan I don’t know why CNBC has suddenly gotten honest about what’s driving oil prices. Maybe Jon Stewart’s skewering of the network for its clueless economic cheerleading before the meltdown? In any case,…
Press Release
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…
Blog Post
04-29-09 by dugan The poor little oil companies are reporting profits that are way down, though only in comparison to the last three record-busting years of picking consumers clean at the pump. But they’re making…
Blog Post
04-02-09 by dugan Oil, being a commodity that people buy and consume, ought to be priced according to supply and demand. Of course, we know that’s not true. But it’s still a little surprising to…
Blog Post
2-17-09 by dugan The motto of the oil industry is: "If you can’t haul in profit on the front end, hit the back end." OK, I just made that up . But California gasoline prices…
Press Release
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 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 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
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
1-23-08 by dugan Despite the fondness of American conservatives for France’s "cowboy president" Nicolas Sarkozy, his proposal to bargain with OPEC for fixed and stable oil prices was all but ignored in the U.S. news…
Blog Post
1-21-09 by dugan It’s not exactly a buzz yet, but there’s discussion in Washington about banks becoming more like regulated public utilities. Let’s add to that the refining business, which has more in common with…
Blog Post
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…
