The United States Chemical Safety and Hazard Investigation Board issued its final blistering report about BP’s role in the 2005 explosion at the company’s Texas City refinery that killed 15 BP employees and 180 others….
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Archive | Tag: profiteering
Blog Post
Chevron Gouging Pays Off for CEO
David O’Reilly, CEO of San Ramon-based Chevron, rode a third year of record profits (achieved on the backs of strapped motorists) to compensation totaling $31.6 millon for 2006, according to SEC filings this week. The…
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Alaska Senator Calls CEO Liar
Alaska Senator Kim Elton has a searing response for Exxon CEO Rex Tillerson, who told Wall Street this week that doing business with Alaska was problematic because the state changed tax policies on the company….
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West Coast Refinery Profits Double
The San Francisco Chronicle reports: "Profit margins at California’s gasoline refineries are soaring. And they’re taking pump prices along for the ride. Refinery profit margins have more than doubled since last fall, according to one…
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The Editorial Not Seen in U.S. Papers
This editorial from the major daily Montreal Gazette gets it: Big Oil’s deliberate restriction of refinery capacity and gasoline stocks drives up the pump price and fills the bulging treasuries of the major oil companies….
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Where Are the Media’s Skeptics?
The airwaves and the web this morning are full of stories bemoaning the return of $3.00-a-gallon gasoline in much of California, 50 cents above the national average and nearly 45 cents above last year’s California…
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CEO’s Wall Street Magic Show
Exxon CEO Rex Tillerson went to Wall Street with the twin goals of promoting Exxon’s stock and letting the public and Congress feel Exxon is putting its profits back into energy production. Tillerson said Exxon…
Press Release
Hot Fuel Solution Derailed By Oil Companies;
NEWS RELEASE:March 5, 2007 CONTACT: Jamie Court (310) 392-0522 ext 327, or Judy Dugan, ext 305 Attorney General Brown, Senator Boxer called on to force sale of temperature-adjusted gasoline pump in California Santa Monica, CA…
Press Release
California’s Call to Arms: Gasoline Spikes 45 Cents a Gallon Higher Than U.S. Average
NEWS RELEASE:February 26, 2007 CONTACT: Judy Dugan, 310-392-0522 ext. 305, cell 213-280-0175, Jamie Court, ext. 327, or cell 310-874-9989, Tim Hamilton, 360-495-4941 It is ‘political malpractice’ if congress, state fail to act, say consumer advocates…
Press Release
California Gasoline Sharply Up As Oil Prices Stagnate
NEWS RELEASE:February 20, 2007 CONTACT: Judy Dugan, 310-392-0522 ext. 305, cell 213-280-0175, or Jamie Court, ext. 327, cell 310-874-9989, or Tim Hamilton, 360-495-4941 Group sees oil companies setting up state’s motorists for another summer price…
Press Release
Record Profits from Well and Refinery Slam Motorists Twice, Group Says
NEWS RELEASE: July 25, 2006 CONTACT: Judy Dugan, (310) 392-0522 ext. 305, cell: 213 280-0175, or Doug Heller, ext. 309 BP Kicks Off Week of Profit Reports With $7.3 Billion Announcement Santa Monica, CA —…
Press Release
Oil Companies’ July 4 Celebration: $140 million in excess profit;
NEWS RELEASE: July 3, 2006 CONTACT: Jamie Court, 310 392-0522 ext. 327 Group Calculates Consumers Pay 50 cents a Gallon More than Last Year Santa Monica, CA — Motorists nationwide are sending $140 million in…
Press Release
Oil Companies Will Make $82 Mil in Excess Profits from Calif. Drivers Over July 4 Holiday
NEWS RELEASE: June 30, 2006 CONTACT: Judy Dugan, 310-392-0522 x305, cell 213-280-0175 or Jamie Court, x327, or Tim Hamilton, 360-495-4941 At least 41 cents per gallon goes to increased profits, group says. Santa Monica, CA…