7-11-08 by dugan Rep. Jackie Speier of California will get points from greenies, and from me personally, for suggesting a 60 mph speed limit to cut national oil consumption. But for a lot of reasons…
Blog Post
Archive | Tag: price-spike
Blog Post
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…
Blog Post
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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Not a “whew” moment on oil
7-8-08 by dugan Having trashed the world’s major stock markets with $145-a-barrel crude oil, the oil market now is getting dinged because oil is too expensive for the world’s weakening economies to stomach. Here’s the…
News Clipping
Big Oil Increases Lobbying
Lobbying Increases with Oil Prices Industry spent nearly 62 percent more between 2004 and 2007 By Bennett Roth, HOUSTON CHRONICLE July 04, 2008 THE OIL LOBBY Expenditures for federal lobbying by the oil and gas…
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U.S. loses in “barrel exchange”
07-2-08 by dugan I just ran across this pretty-scary rundown, by a real live options trader, of the effect of oil prices on the U.S. economy. Philip Davis sees oil’s price as unjustifiable, and a…
Press Release
$5 Diesel = Economy-Killer
NEWS RELEASE: $5 Diesel Fuel, the Economy-Killer New report shows how oil companies shorted the market and made it happen. CONTACT: Judy Dugan 310-392-0522 x305 or cell 213-280-0175; or Jamie Court x327 July 02, 2008…
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$2-$3 gas? Not such a fairy tale
6-23-08 by dugan Today’s Congressional hearing on oil speculation sounded like an admission that the Emperor wasn’t wearing any clothes. Big guns in the financial industry told Congress that simply regulating out-of-control energy markets could…
Press Release
New Bills to Curb Oil Speculation
NEWS RELEASE: Congress Plans Action on Oil Market Speculation As Consumers Send Their Gas Bills to Legislators, White House New Legislation Aims at Taming Energy Markets; Consumer Watchdog Decries Likely Lack of Senate, White House…
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Great reporting on oil. Sigh.
06-20-08 After reading all too much recently about what Chicago-based owner Sam Zell wants to do the Los Angeles Times (hyperlocal! shorter! charts! lists! less news, more ads!), I was struck by this long, smart…
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Why cheaper gas is right
06-20-08 by dugan I’ve gotten some e-mails telling OilWatchdog that it’s off course in asking drivers to send their gas bills to Congress and demand some action to get prices down. One group says we…
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Enron loophole fix is law
06-20-08 Finally. After a clerical bungle that sent the farm bill through two Congressional votes, two presidential vetoes and two Congressional override votes, it and the "Close the Enron Loophole" amendment are law. It’s a…
Press Release
Send Your Gas Bill To Congress!
NEWS RELEASE: ‘Send Your Gasoline Bill to Congress’ Campaign Launched by Consumer Watchdog Group Offers Drivers Opportunity to Send ‘Dose of Reality’ to Lawmakers and White House and Demand Action Now, Not Next Year CONTACT:…