8-17-08 by dugan Watching ExxonMobil’s ad blitz on NBC during the Olympics, you’d think it was a company dedicated to teaching science, mentoring young engineers and eradicating malaria in the Third World. At an estimated…
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Archive | Tag: profits
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How gas prices boost oil price
8-13-08 by dugan The price of crude oil went up about $4 a barrel today not for any lack of oil, but because U.S. companies are cutting back on refining gasoline. The cutbacks are business…
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Variety thumbs up to GasHole film
If you want to know the true story about why gasoline prices are $4.25 per gallon, check out the gripping new documentary GasHole when it comes to your movie theatre, hopefully this Fall. Two creative…
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Costco caves on ‘hot fuel’
8-11-08 by dugan For a while, it looked like the discount chain Costco might be the pioneer in offering drivers a truly fair deal on gasoline by doing…
Press Release
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…
Press Release
Exxon: ‘Pumping Cash, Not Oil’
NEWS RELEASE: Exxon: ‘Pumping Cash, Not Oil’ Exxon’s ‘Biggest Profit in the World’ Is Actually Bigger; $8 Billion in Unproductive Share Buybacks Should be Counted, Says Group Shell, No. 2 Oil Co., Also Hits New…
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Murder in the U.S. Senate
7-30-08 by dugan The noise, hearings and promises in Congress about oil prices and energy relief are adding up to precisely zero result. Even the most modest, targeted bills are falling off the…
Press Release
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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Oil-crash crystal ball
7-28-08 by dugan Here’s a crystal ball report: The top four oil companies–Exxon, Shell, BP and Chevron–will all report record quarterly profits this week, a result of oil prices driven to the stratosphere in speculative…
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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“Pickens Plan” already profitable
7-22-08 by dugan I’ve been suspicious of oilman T. Boone Pickens’ new campaign for wind power and natural gas vehicles, partly because it looked like he’d be profiting on the backs of California taxpayers by…
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Beggar with an ermine cup
The PR departments of the major oil companies are madly developing their spin for the yet-another-record 2nd quarter profits they’re about to report. What they’ll say: "Without these gigantic profits (including billions in taxpayer subsidies),…
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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…