Blog Post
Gary Gensler made news today by repeating some earlier pledges to get speculative oil markets under control. He has to act soon. If oil prices can hit $70 a barrel in this economy, they’ll shoot back up to $140 a barrel, with $4-a-gallon gasoline, at the slightest encouragement.
Blog Post
6-22-09 Nothing changed in the real world today–economy still shrinking, gasoline consumption near 10-year lows. But speculators who doubled the price of crude oil and sent prices at the pump shooting up got some kind…
Blog Post
06-09-09 by dugan Oil prices hitting close to $70 a barrel today are a speculator’s paradise. Their party, of course, is being paid for by consumers at the pump and struggling businesses. Gasoline is averaging…
Press Release
‘Optimism’ Is Driving Energy Prices, Consumers Will Suffer The Memorial Day Hangover, Says Consumer Watchdog Oil, Gas Prices Rising Again At Record Clip For Holiday, Despite Oversupply, Low Demand, Says Group Washington, D.C. — The…
Blog Post
05-08-09 by dugan I don’t know why CNBC has suddenly gotten honest about what’s driving oil prices. Maybe Jon Stewart’s skewering of the network for its clueless economic cheerleading before the meltdown? In any case,…
Press Release
Exxon Profit at 2003-04 Levels ‘Shows What Normal Looks Like,’ Says Consumer Group Santa Monica, CA — Exxon Mobil’s first quarter profit of $4.55 billion dollars is small only by comparison to the last six…
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04-29-09 by dugan The poor little oil companies are reporting profits that are way down, though only in comparison to the last three record-busting years of picking consumers clean at the pump. But they’re making…
Blog Post
04-02-09 by dugan Oil, being a commodity that people buy and consume, ought to be priced according to supply and demand. Of course, we know that’s not true. But it’s still a little surprising to…
Blog Post
Does OilWatchdog troll gossip sites? Well, how else to stumble on the Conde Nast Portfolio cover of Sarah Palin, with leftover photos from her Vogue shoot and a bottom line that she’s not governing anything,…
Blog Post
The fuel dealers’ newsletter Oil Express sent around a bulletin today that shows who’s still gyrating the price of oil, gasoline and diesel. The headline: Gasoline, Diesel, Crude Ride Surge in Wild Thursday Trading. Prices…
Blog Post
Here’s an environmental blog that gets straight to the heart of what’s wrong with existing and planned "cap and trade" schemes to reduce global warming emissions with a free market in so-called "carbon credits." The…
Press Release
Energy Prices That Deepened Recession Drive Exxon, Chevron to Yearly Profit Records, Says Watchdog Oil Giants Cling to Cash Hoards and Trim Output, Setting Trigger for Next Price Spike Santa Monica, CA — Consumers left…
Press Release
Shell Oil: Is It Profit or Loss? Paper Losses Blur Hard-Cash Record Profits in Industry Oil Production and Gasoline Refining Cuts Increase Odds of Future Price Spikes, Says Watchdog Santa Monica, CA — Shell’s 4th…
