04-02-09 by dugan Oil, being a commodity that people buy and consume, ought to be priced according to supply and demand. Of course, we know that’s not true. But it’s still a little surprising to…
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Archive | Tag: profiteering
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Palin, Obama, Exxon & “T Rex”
Does OilWatchdog troll gossip sites? Well, how else to stumble on the Conde Nast Portfolio cover of Sarah Palin, with leftover photos from her Vogue shoot and a bottom line that she’s not governing anything,…
Press Release
Conflict Taints Hot Fuel Study Outcome
Consumer Group Letters Charge Conflict of Interest in Oil-Friendly Outcome of California Fuel Temperature Study Gov. Schwarzenegger, Assembly Speaker Bass Asked for Action to Protect Consumer Fairness Santa Monica, CA — Consumer Watchdog has filed…
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Speculators back at work
The fuel dealers’ newsletter Oil Express sent around a bulletin today that shows who’s still gyrating the price of oil, gasoline and diesel. The headline: Gasoline, Diesel, Crude Ride Surge in Wild Thursday Trading. Prices…
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Hot Fuel Study Fixed For Big Oil
Documents Show Political Appointees Interfered With Cal. Energy Commission Study Of Hot Fuel Ripoff To Protect Oil Companies Consumer Group Says Government Staff’s Consumer-Oriented Findings Were Altered by Commissioners With Ties to Oil Industry Santa…
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Groups Seek Hot Fuel Records
Consumer Groups Seek Records of California Energy Commission On Disputed ‘Hot Fuel’ Report, After Conflict of Interest Charge Against Commissioner Santa Monica, CA — Consumer Watchdog and Public Citizen have filed a detailed request for…
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What’s up with gas prices?
2-17-09 by dugan The motto of the oil industry is: "If you can’t haul in profit on the front end, hit the back end." OK, I just made that up . But California gasoline prices…
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Your loss, big oil’s win
02-11-09 by dugan When the gruesome California state budget struggle finally ends, Californians will pay: higher sales taxes, vehicle fees, gasoline taxes and income taxes, acccording to a Sacramento Bee story with the ring of…
Press Release
CEC’s Skew To Big Oil Protested
Consumer Groups Protest California Energy Commission’s Skew to Oil Industry in ‘Hot Fuel’ Report Letter to Commissioner Heading Hot Fuel Study Cites His Clear Conflict of Interest: Spouse’s Petroleum Association Job Washington, DC — Two…
Press Release
Exxon & Chevron’s Record Profits
Energy Prices That Deepened Recession Drive Exxon, Chevron to Yearly Profit Records, Says Watchdog Oil Giants Cling to Cash Hoards and Trim Output, Setting Trigger for Next Price Spike Santa Monica, CA — Consumers left…
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Shell’s 4th Qtr Profit Or Loss?
Shell Oil: Is It Profit or Loss? Paper Losses Blur Hard-Cash Record Profits in Industry Oil Production and Gasoline Refining Cuts Increase Odds of Future Price Spikes, Says Watchdog Santa Monica, CA — Shell’s 4th…
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Conoco’s 4th Qtr Loss
Conoco’s Loss: Consumer Group Sees Trend of Major Oil Companies Waiting Out Recession, Not Investing for Recovery Corporate Cutbacks Now Likely to Generate Price Spikes Later As Economy Tries to Recover Santa Monica, CA —…
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Oil profits: Watch the other hand
1-26-09 by dugan The major oil companies will be reporting their 4th quarter 2008 and annual profits this week, and here’s a safe prediction: They’ll lean on the drop in their 4th quarter profits as…