Chevron’s Doubled Profit Caps Oil Industry’s ‘Vampire Attack on Economy’ Current Oil Price Breather Is Right Time for Action to Prevent Next Speculative Bubble, Says Group October 31, 2008 Santa Monica, CA — The…
Press Release
Archive | Tag: profits
Press Release
Exxon, Shell Post Record Profits
Exxon, Shell Profit Records Cap an Orgy That Weakened U.S., World Economies, Says Group ‘Consumers Now Know Where Their Money Went’; Congress, White House Must Prevent a Repeat of Costly Energy Bubble CONTACT: Judy Dugan,…
Press Release
BP’s 3rd Qtr Profit $10+ Billion
BP’s Outlandish Profits Have Inflicted Serious Damage on Consumers and Whole Economies, Says Watchdog BP Profit, Including Inventory, More Than Doubles from Year Ago to Over $10 Billion on Spiking Oil Prices CONTACT: Judy Dugan,…
Blog Post
Musical chairs in big oil
10-26-08 by dugan If the oil business were competitive, somebody might feel sorry for BP. The British-based oil giant dropped today to No. 4 among the Big 5 companies, dipping below Chevron in total worth….
Press Release
ConocoPhillips Doubles Profit
ConocoPhillips Doubles Its Profit for 2008 — Harbinger for Bigger Oil Companies $14 billion profit for the first three quarters is more than $7 billion above 2007, money that “went straight onto consumers’ crushing credit…
Blog Post
Panic in the oil business
10-16-08 by dugan As the price of oil dropped today to less than $70 a barrel (that would be $1.67 a barrel), the industry was in a panic. OPEC, the Prmarily Middle Eastern oil…
Blog Post
Stations Make More Per Gallon
Gas Stations Make More Pennies on the Gallon By Ryan Randazzo, THE ARIZONA REPUBLIC October 16, 2008 Drivers are welcoming the continued drop in prices of gasoline, but the average cost of a gallon of…
Blog Post
Pump prices oughta be lower
10-9-08 by dugan When oil prices dropped to under $78 a barrel today, I asked our friend Insider to take a look at why gasoline prices are going down so much more slowly than the…
Blog Post
OWD and “Black Gold” on CNBC
9-24-08 by dugan Yes, it’s hard to give up an episode of CSI, but take a look tonight at a CNBC investigative documentary, "Black Gold," airing at 9:30 Eastern (or whenever President Bush’s speech on…
Blog Post
Unhinged oil prices
9-22-08 by dugan Oil prices shot up by an all-time record $25 a barrel in one day because, um, because… uh, well, for no good reason. It’s all paper trading and has nothing to do…
Blog Post
$5 gas and “drill now”
9-14-08 by dugan If Americans really want more $5 gasoline after the next hurricane, and more power for the oil lobby in Washington, the "drill now" campaign is the perfect vehicle. That connection hit me…
Blog Post
Why oil’s down, gas is up
9-11-08 by dugan When a government thinks "regulation" is a dirty word, here’s what happens: The price of crude oil fell today to about $100 a barrel ($2.38 a gallon), yet gasoline spiked to a…
Blog Post
My take on T. Boone’s Prop 10
by dugan 9-10-08 I was asked to share my analysis of T. Boone Pickens’ Prop 10 on the November California ballot with the California Legislature today. The legislature’s own analysis of Prop 10 was skeptical…