06-18-08 What I heard today in President Bush’s push to extract Western shale oil was this: Let’s subsidize Big Oil to turn Southern California into a desert and huge swaths of the West into polluted,…
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Archive | Tag: price-spike
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McCain and Market Regulation
06-17-08 by dugan Sen. John McCain’s call today to lift a federal ban on drilling off the nation’s coastline won’t win him friends in California, and probably Florida, but the part of his…
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Greed for pennies
Just when you think big oil companies like ExxonMobil might be content with tens of billions of yearly profits, they surprise you by grasping for pennies. This time it’s not just the driver at the…
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Filibuster saves Big Oil. Again.
6-10-08 by dugan The Senate was barely in session today when Republican leaders used a parliamentary maneuver to cut off all debate on a pair of bills to get oil and gasoline prices under control…
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Get it done, already!
6-9-08 by dugan With gasoline at $4.04 nationally, and nearly $4.50 in California and a few other states, Washington is sleepwalking. President Bush today still had no better idea than drilling for oil in the…
Press Release
Oil Market Out of Control
NEWS RELEASE: Oil Price Spike to $138 a Barrel Shows a Market Out of Control, Says Consumer Watchdog Price Spike Follows Self-Serving Prediction of $150 a Barrel, Israeli Threat Against Iran; U.S. Government Must Speed…
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Hot summer, hot fuel
6-04-08 by dugan One of the reasons I hear for the continued rise in natural gas prices is that it’s going to be a very hot summer in much of the country. Lots of air…
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Up fast, down like a feather
6-4-08 by dugan Gasoline prices, that is. I can say it in one short sentence: Oil prices down, gasoline futures contracts way down, pump prices still spiking. As they say on Marketplace Radio, let’s do…
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$4 Gas Is Breaking Point
NEWS RELEASE: Gasoline Brushing $4.00 Is Breaking Point for Consumers Hit by Flat Wages, Job Losses Government Must Speed Market Regulation, Says Consumer Watchdog; Group Calls for Stiffer Oil Trading Rules and Oversight of Refineries…
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Regulation Hinted, Oil Price Drops
5-29-08 by dugan It’ll take a few days to see what’s really going on in oil markets, but still… a $4-a-barrel price drop in crude oil markets today followed news that federal regulators…
Press Release
Oil Futures Inquiry Welcomed
NEWS RELEASE: Consumer Watchdog Welcomes Investigation of Oil Price Manipulation, Cautions That CFTC May Be Ill-Equipped Group Calls for FBI, Justice Department Participation, Public Support by Bush CONTACT: Judy Dugan, 310-392-0522 x305, cell 213-280-0175; or…
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How Oil Price “Predictions” Really Work
5-28-08 by dugan Just as the price of oil seemed ready to sag a bit, another big investment bank "predicted" $150-a-barrel in the near future. Lo and behold, oil went back above $133….
Press Release
Oil Prices Sag, Pump Prices Rise
NEWS RELEASE 33-Cent Monthly Rise in Gasoline Keeps Oil’s Foot on Drivers’ Necks Oil Prices Sag Yet Pump Keeps Zooming; Lack of Oversight Means ‘Double Whammy for Consumers’ and Economy This Summer, Says…