11-20-08 by dugan I’ve been asked a lot lately about why "gasoline is so cheap." Yet the question itself is a result of short memories. Gasoline is certainly a ton cheaper than in July,…
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Why’s gas so cheap? Or is it?
Archive | Tag: refining-operations
Press Release
Chevron Doubles Profit
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
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,…
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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….
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Chevron’s emit-for-free strategy
10-23-08 by dugan Australia has a lot in common with the United States. It’s a nation of immigrants with a cowboy-style history and a strong love of individual rights. Aussies do put shrimp instead of…
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…
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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…
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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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Who’ll protect Iraqi oil?
10-14-08 by dugan How far on the hook will the American military be for the the protection of U.S. oil companies and shipping lanes? That’s a live question again, as companies including ExxonMobil, Chevron, Shell…
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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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Bailout’s bucks for polluters
10-3-08 by dugan "Left undisciplined, unregulated and unsupervised, they created chaos." That was Rep. Nancy Pelosi’s acid, and correct, judgment of the nation’s financial behemoths after Congress forked over $700 billion taxpayer dollars to bail…