5-23-08 by dugan There’s no one harder hit by fuel prices than the nation’s truckers, and they’re going bankrupt at near record rates. The price of diesel jumped a nickel a gallon nationwide today, to…
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Archive | Tag: price-spike
Press Release
“Hot Fuel” Fix Urgent
NEWS RELEASE Zooming Oil Price Makes "Hot Fuel" Fix More Urgent as Memorial Day Approaches Consumer Groups Criticize Oil Industry Resistance to Fixing Hidden Charge at Pump That Costs U.S. Drivers Close to $3 Billion…
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Blame Exxon for Housing Crisis, Too
5-22-08 by dugan The link between skyrocketing oil prices and food prices, for instance, or airline bankruptcies, is obvious and immediate. But the housing crisis? A new study makes the case: a direct correlation between…
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Thanks Again, Goldman Sachs
8-18-08 by dugan Just as the White House grudgingly agreed to stop buying record-priced oil for the federal Strategic Petroleum Reserve and Saudi Arabia grudgingly agreed to put 300,000 more barrels a day of oil…
Press Release
Bush Forced to Cap Oil Reserve
White House Forced to Cap Oil Reserve; Should Embolden Congress to Push for More To Drop Energy Prices Consumer Watchdog Calls for Sales from Reserve, Warning to Refineries, Swift Action on Oil Trading Curbs Judy…
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Hybrids Making $ense
5-15-08 by dugan Early adopters of the Prius and other gas-electric hybrids weren’t doing it for the money, since the extra cost would take five or more years to make up with gasoline…
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Lights Out for Enron Loophole
5-15-08 by dugan The sweeping farm bill that passed the Senate today and is headed for President Bush’s desk is more pork than policy, but I’m still celebrating. OilWatchdog’s most-wanted bill to curb…
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Senate Success on Oil Reserve
5-13-08 by dugan What the Senate did today isn’t huge, and isn’t quite finished, but a 97-1 vote in favor of stopping White House oil purchases for the Strategic Petroleum Reserve is a…
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Gas-Tax Holiday from Hell
5-13-08 by dugan OilWatchdog has offered plenty of reasons that suspending the federal gasoline tax would end up as a bad joke on consumers and the economy. Here are some fresh ones, from…
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Tell a Lie Often Enough…
5-12-08 by dugan It’s a flat-out lie when oil companies say they’re only making an "average" percentage of profit compared to other companies. Furthermore, journalists shouldn’t be taking the oil industry’s figures at face value….
Press Release
Tax Refunds Going to Gas Tanks
Gas Up 11 Cents In Week, 34 Cents In a Month; Consumers’ Tax Incentive Going Straight to Gas Tanks White House Scorns Action, Congress in Gridlock as Soaring Prices Push Inflation, Motorists Cry ‘Uncle’ …
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Throw It At the Wall…
5-9-08 by dugan …And See If It Sticks. That appears to be where government stands on quelling oil and gasoline prices. Congress is now proposing bucketsful of legislation and other actions in a…
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Goldman Sachs’ Self-Serving Prediction
5-07-08 by dugan Oil prices are in Alice in Wonderland territory. Today’s new futures-market record, above $122 a barrel, occurred despite a substantial rise in both crude oil stocks and gasoline stocks in the U.S.,…