6-9-08 by dugan With gasoline at $4.04 nationally, and nearly $4.50 in California and a few other states, Washington is sleepwalking. President Bush today still had no better idea than drilling for oil in the…
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Archive | Tag: speculation
Press Release
Oil Market Out of Control
NEWS RELEASE: Oil Price Spike to $138 a Barrel Shows a Market Out of Control, Says Consumer Watchdog Price Spike Follows Self-Serving Prediction of $150 a Barrel, Israeli Threat Against Iran; U.S. Government Must Speed…
Press Release
$4 Gas Is Breaking Point
NEWS RELEASE: Gasoline Brushing $4.00 Is Breaking Point for Consumers Hit by Flat Wages, Job Losses Government Must Speed Market Regulation, Says Consumer Watchdog; Group Calls for Stiffer Oil Trading Rules and Oversight of Refineries…
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Regulation Hinted, Oil Price Drops
5-29-08 by dugan It’ll take a few days to see what’s really going on in oil markets, but still… a $4-a-barrel price drop in crude oil markets today followed news that federal regulators…
Press Release
Oil Futures Inquiry Welcomed
NEWS RELEASE: Consumer Watchdog Welcomes Investigation of Oil Price Manipulation, Cautions That CFTC May Be Ill-Equipped Group Calls for FBI, Justice Department Participation, Public Support by Bush CONTACT: Judy Dugan, 310-392-0522 x305, cell 213-280-0175; or…
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How Oil Price “Predictions” Really Work
5-28-08 by dugan Just as the price of oil seemed ready to sag a bit, another big investment bank "predicted" $150-a-barrel in the near future. Lo and behold, oil went back above $133….
Press Release
Oil Prices Sag, Pump Prices Rise
NEWS RELEASE 33-Cent Monthly Rise in Gasoline Keeps Oil’s Foot on Drivers’ Necks Oil Prices Sag Yet Pump Keeps Zooming; Lack of Oversight Means ‘Double Whammy for Consumers’ and Economy This Summer, Says…
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Thanks Again, Goldman Sachs
8-18-08 by dugan Just as the White House grudgingly agreed to stop buying record-priced oil for the federal Strategic Petroleum Reserve and Saudi Arabia grudgingly agreed to put 300,000 more barrels a day of oil…
Press Release
Bush Forced to Cap Oil Reserve
White House Forced to Cap Oil Reserve; Should Embolden Congress to Push for More To Drop Energy Prices Consumer Watchdog Calls for Sales from Reserve, Warning to Refineries, Swift Action on Oil Trading Curbs Judy…
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Lights Out for Enron Loophole
5-15-08 by dugan The sweeping farm bill that passed the Senate today and is headed for President Bush’s desk is more pork than policy, but I’m still celebrating. OilWatchdog’s most-wanted bill to curb…
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Senate Success on Oil Reserve
5-13-08 by dugan What the Senate did today isn’t huge, and isn’t quite finished, but a 97-1 vote in favor of stopping White House oil purchases for the Strategic Petroleum Reserve is a…
Press Release
Tax Refunds Going to Gas Tanks
Gas Up 11 Cents In Week, 34 Cents In a Month; Consumers’ Tax Incentive Going Straight to Gas Tanks White House Scorns Action, Congress in Gridlock as Soaring Prices Push Inflation, Motorists Cry ‘Uncle’ …
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Throw It At the Wall…
5-9-08 by dugan …And See If It Sticks. That appears to be where government stands on quelling oil and gasoline prices. Congress is now proposing bucketsful of legislation and other actions in a…