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: speculation
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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…
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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…
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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…
Press Release
Send Your Gas Bill To Congress!
NEWS RELEASE: ‘Send Your Gasoline Bill to Congress’ Campaign Launched by Consumer Watchdog Group Offers Drivers Opportunity to Send ‘Dose of Reality’ to Lawmakers and White House and Demand Action Now, Not Next Year CONTACT:…
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Bush wants west’s water
06-18-08 What I heard today in President Bush’s push to extract Western shale oil was this: Let’s subsidize Big Oil to turn Southern California into a desert and huge swaths of the West into polluted,…
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McCain and Market Regulation
06-17-08 by dugan Sen. John McCain’s call today to lift a federal ban on drilling off the nation’s coastline won’t win him friends in California, and probably Florida, but the part of his…
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Regulate Oil Prices? How Quaint
6-14-08 by dugan This business short in Saturday papers caught my eye. Not because a federal court turned down Chevron’s demand for a $101-million tax refund, but because it referred to a time when…