I can’t believe I want to quote semisatirical LA Times columnist Joel Stein–just ask my friends and former colleagues. But his "What’s so Bad About Foreign Oil" column today is about 70% right, Especially these…
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Archive | Tag: profiteering
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Corn, memory, energy policy
8-8-08 by dugan So what’s the price of corn these days? A little above $5.00 a bushel. It’s down about 28%, even more than the 21% drop in the price of crude oil (from over…
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Drill or not? Here’s the answer
8-7-08 by dugan Sometimes comedy is just the right cure. Here’s the last word, from Jon Stewart, on why no one should trust the folks saying we need to "drill now, drill everywhere" in the…
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Fever breaking?
8-6-08 by dugan The drop in the price of oil, now at under $119, feels like a fever breaking. Iran’s saber-rattling, Nigerian gangs, Chinese demand, the weak dollar — all still exist, but as the…
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Chevron: Drill Less, Profit More
NEWS RELEASE: Chevron Profits: Drill Less, Profit More Chevron Data Shows Industry Lag in Producing New Oil from U.S. Source — Lower Production Shows Failure of Investment, Not Lack of Oil, Says Watchdog Santa…
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Oil money’s new hero
7-31-08 by dugan If anyone wonders who’d really benefit from opening up U.S. coastline and wilderness to oil drilling, follow the money. Sen. John McCain proposed just such open-ended drilling on public land June 15….
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BP Posts Record 2nd Qtr Profits
NEWS RELEASE: BP Profits: ‘Congratulations Are Not In Order,’ Says Consumer Watchdog New Quarterly Records Show Oil Companies ‘Spiting the Future For the Sake of Cash in Hand’ CONTACT: Judy Dugan, 310-392-0522 ext. 305, or…
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‘Fat, sloppy smooch’ to oil
7-25-08 by dugan Today’s defeat in the Senate of a mild little bill to regulate wild speculative energy markets was a raw display of oil and financial industry power in Washington. So was the defeat…
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Nah, it’s just supply/demand
7-23-08 by dugan The Wall Street Journal’s Brian Baskin today nails down both ends of a mystery in oil markets. The collapse of the little-known SemGroup, a pipeline and storage company as well as major…
Press Release
Conoco Kicks Off Oil ‘Profit Orgy’
NEWS RELEASE: ConocoPhillips Kicks Off a ‘Profit Orgy’ By Major Oil Companies 2nd Quarter Report Shows Industry Still Buying Its Own Stock, Not Investing Record Profits in New Oil or Renewables, Says Consumer Watchdog; Congress…
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No new refineries? Here’s why
7-11-08 by dugan I’ve heard many an oil executive say their company would be glad to build new refineries, but the government/the environmentalists won’t let it happen. President Bush has called for dumping environmental regulation…
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Airlines get it on speculation
7-10-08 by dugan The major airlines, which are teetering on the financial edge because of oil and fuel prices, are a little late to the party on the effects of unregulated oil markets. But…
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Big Oil = 6 of top 10 Fortune 500
Fortune Magazine has released their Global 500 list of the top international companies, and to no one’s surprise, thanks to their obscene record profits, Big Oil companies hold 6 of the top 10. Check out…