Politicians are fiddling while motorists burn through their budgets. The federal government’s weekly gasoline report shows national prices up another dime last week, to $2.671 for regular and California at $3.228, nearly 56 cents above…
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Archive | Tag: profiteering
Blog Post
Alt-Fuels Restricted Everywhere
Check out this detailed Wall Street Journal follow-up to OilWatchdog’s investigation of Chevron’s resistance to renewable fuels at their gas stations. It also tells how companies other than Chevron effectively bar the sale of high-ethanol…
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CEO Gets $27 Mill In Stock As Gas Prices Break Records
Chevron CEO David O’Reilly received $27.8 million in stock options this week just as the price of gasoline hit record highs in O’Reilly’s hometown in Northern California, closing in on 4 bucks per gallon at…
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$4 Gas? It’s Already Here
Dow Jones’ online Marketwatch predicts today that U.S. gasoline prices could reach $4 a gallon. Bulletin: In San Francisco they already have, at some stations. The area average today hit $3.363, matching its all-time…
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Hillary Channels Prop 87
OilWatchdog reader "Alternative Energy Evangelist" points out this You Tube video of Hillary Clinton proposing an alternative energy fund, paid for out of ever-rising oil company profits. Sounds exactly like Proposition 87, which narrowly lost…
Report
Chevron Kills Green Fuels
Oil Watchdog’s parent organization today sent a letter to Chevron CEO David O’Reilly that accused the company of blocking gas stations from selling renewable motor fuels, even as it claims new green credibility. As crude…
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For Big Oil, Bad News=Profit
Crude oil is up $1 today on speculation about Iran and the West coming to blows. Gasoline also continues upward, to $2.60 nationally and $3.20 in California, according to the AAA fuel gauge. Yet even…
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Shame Totem For Exxon
Alaska carver Mike Webber has created a totem to memorialize how ExxonMobil has yet to pay its debt to Alaskans on the 18th anniversary of the Exxon Valdez spill. Webber’s shame totem pole, carved from…
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Retailers Resist ‘Adjusted’ Price
The petroleum marketers, a.k.a wholesalers and chain operators of truck stops and convenience stores, are organizing a new coalition, P.U.M.P. (the Partnership for Uniform Marketing Practices), to stop the rising momentum to mandate automatic temperature…
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State Risk Seen in Chevron-Yukos Deal
California State controller John Chiang has sent a letter to the state employees’ huge retirement fund known as CalPERS, advising it to be wary of Chevron’s attempt to buy the tainted assets of Russia’s dismantled…
Press Release
FTCR Demands Release of Information About Regulator With Oil Company Ties
NEWS RELEASE: March 23, 2007 CONTACT: Judy Dugan, 213 280-0175, or Jamie Court, 310 392-0522, ext. 327 Santa Monica, CA — FTCR said a state auditor’s investigation reported today in the Sacramento Bee hints at…
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Ecuador Vs. Chevron
The president of Ecuador says he will join with residents of the Amazon rain forest in holding Chevron accountable for dumping billions of gallons of oily waste in the jungle over three decades. A lawsuit…
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War Protests At Chevron: The Why
Most news stories about anti-war protesters who gathered Monday in front of Chevron’s San Ramon headquarters were fuzzy on the reasons why Chevron was targeted. A few, including the local CBS affiliate, nailed it: Chevron…