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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Archive | Tag: record-prices
Blog Post
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…
Blog Post
Not a “whew” moment on oil
7-8-08 by dugan Having trashed the world’s major stock markets with $145-a-barrel crude oil, the oil market now is getting dinged because oil is too expensive for the world’s weakening economies to stomach. Here’s the…
News Clipping
Big Oil Increases Lobbying
Lobbying Increases with Oil Prices Industry spent nearly 62 percent more between 2004 and 2007 By Bennett Roth, HOUSTON CHRONICLE July 04, 2008 THE OIL LOBBY Expenditures for federal lobbying by the oil and gas…
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U.S. loses in “barrel exchange”
07-2-08 by dugan I just ran across this pretty-scary rundown, by a real live options trader, of the effect of oil prices on the U.S. economy. Philip Davis sees oil’s price as unjustifiable, and a…
Press Release
$5 Diesel = Economy-Killer
NEWS RELEASE: $5 Diesel Fuel, the Economy-Killer New report shows how oil companies shorted the market and made it happen. CONTACT: Judy Dugan 310-392-0522 x305 or cell 213-280-0175; or Jamie Court x327 July 02, 2008…
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Congress takes a holiday
06-27-08 by dugan It looks like Congress needs to rest up before doing anything about oil and gasoline prices. Our government is heading off for its long July 4 holiday after accomplishing nothing useful to…
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Government’s cracked crystal ball
06-26-08 by dugan It’s hard to do more than sputter over oil hitting $140 a barrel today, so let’s go for laughs. For instance, the federal Energy Information Administration’s 2008 predictions about oil. The EIA…
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$2-$3 gas? Not such a fairy tale
6-23-08 by dugan Today’s Congressional hearing on oil speculation sounded like an admission that the Emperor wasn’t wearing any clothes. Big guns in the financial industry told Congress that simply regulating out-of-control energy markets could…
Press Release
New Bills to Curb Oil Speculation
NEWS RELEASE: Congress Plans Action on Oil Market Speculation As Consumers Send Their Gas Bills to Legislators, White House New Legislation Aims at Taming Energy Markets; Consumer Watchdog Decries Likely Lack of Senate, White House…
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Why cheaper gas is right
06-20-08 by dugan I’ve gotten some e-mails telling OilWatchdog that it’s off course in asking drivers to send their gas bills to Congress and demand some action to get prices down. One group says we…
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Enron loophole fix is law
06-20-08 Finally. After a clerical bungle that sent the farm bill through two Congressional votes, two presidential vetoes and two Congressional override votes, it and the "Close the Enron Loophole" amendment are law. It’s a…
Blog Post
The lie of coastal oil drilling
06-19-08 by dugan It’s easy to understand why President Bush and Sen. John McCain are getting media and public traction from their demand that California, Florida and other coastal states open up their shorelines to…