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…
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Archive | Tag: record-prices
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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…
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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…
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Oil profiteering, both ways
10-9-08 by dugan It’s almost time for oil companies to tell us how astounding their "earnings" were in the last three months–how, as the economy tumbled deep into recession and Americans lost their jobs and…
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Petunia in the Mojave
10-1-06 by dugan Back from the dead. No, not just the bailout bill, but tax credits for wind and solar energy projects, which for months have been a pawn in the battles of dysfunctional…
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Diesel use drops like rock
9-26-08 by dugan Here’s an alarming statistic that won’t show up in government economic reports for a few months: Diesel purchases at truck stops in August were down 7.8% from a year ago. Most of…
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Free gas cards for all of us!
9-25-08 by dugan If Californians wonder why there’s been no discussion of their pain at the gas pump in the state Legislature, it’s probably because legislators get free gas cards–and free cars. The AP story…
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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…
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Drillers win a talking point
9-23-08 by dugan I get why Congress gave up today on renewing a federal ban on coastal drilling: It was that, or be accused of shutting down government for lack of a stopgap spending bill….
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Itty bitty energy bill
9-23-08 by dugan Hopes for a comprehensive energy policy or energy policy this year are long over, but the Senate today limped to approval of the barest minimum–an extension of wind and solar power tax…
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Exxon’s mastodon strategy
9-22-08 by dugan Why is Exxon’s stock down 16% since the beginning of this year? Because it’s sitting on a cash hoard of $39 billion, spending more on buying back its own stock than producing…
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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…
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Arnold’s big idea: Use less gas
8-19-08 by M.Reback Arnold’s big idea: Use less gas It seems the extent of Governor Schwarzenegger’s solution for Californians to help combat sky-high gas prices is… promoting more efficient use of gasoline. Gee thanks for…