5-07-08 by dugan Oil prices are in Alice in Wonderland territory. Today’s new futures-market record, above $122 a barrel, occurred despite a substantial rise in both crude oil stocks and gasoline stocks in the U.S.,…
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Archive | Tag: speculation
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Chevron’s Record 1st Qtr Profit
NEWS RELEASE: Chevron Rides Soaring Crude Oil Prices To Record Profit As Consumers Feel Squeeze At Pump CONTACT: John Simpson, 310-392-0522 x317, cell 310-292-1902; or Jamie Court x327 May 02, 2008 Santa Monica, CA —…
Press Release
Exxon Posts More Record Profits
NEWS RELEASE May 01, 2008 ExxonMobil Profits Soar to Record On Speculative Oil Prices While Consumers and Economy Suffer Bush, Congress Avoid Real Solutions; Stance Is Inexcusable as Pump Price Soars, Says Consumer Group CONTACT:…
Press Release
Shell & BP Record 1st Qtr Profits
NEWS RELEASE: April 29, 2008 Speculative Oil Price Brings Roof-Busting Profits to Shell, BP at Cost of Squeezed Consumers, Suffering Economy Government’s ‘Business as Usual’ Stance Is Inexcusable as Pump Price Soars, Says Consumer Group…
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Gunboats and Recession
4-25-08 by dugan Today’s $3.00 per barrel spike in crude oil was a perfect example of market traders capitalizing on hasty news. Initial reports, from military sources, said a U.S. military "contract’ ship fired on…
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Conoco’s Profit = Higher Gas $
NEWS RELEASE: Consumer Group Sees Warning in Oil Profit Report that Refining Profits Set to Rise, Spiking Gasoline Prices Further Analyst Predicts Over $4 a Gallon Nationally, Up To $5 in California CONTACT:…
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Why You Can’t Afford Gasoline
4-17-08 by dugan The government will never willingly change the duplicitous way it calculates inflation, which is why it doesn’t get written about much. So it’s worth pointing out a good column by…
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Bush Blames $115 Oil on OPEC
NEWS RELEASE: CONTACT: Judy Dugan, 310-392-0522 ext. 305; or cell, 213-280-0175 April 16, 2008 New Oil Price Spike to $115 a Barrel Shows a "Two-Faced" White House That Takes Oil Off U.S. Markets While Blaming…
Press Release
Fuel Spike Demands DC Action
NEWS RELEASE: April 11, 2008 CONTACT: Judy Dugan, 213-280-0175; or Jamie Court, 310-392-0522, ext. 327 Relentless Fuel Price Spike Demands White House Action, Says Consumer Watchdog Group Asks President to Deflate Oil Markets With Immediate…
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White House Oil Hoarding
4-09-08 by dugan Government boosts price of oil and gasoline! The actual big headline today is dual records for the price of oil (over $112 a barrel) and gasoline ($3.43 a gallon, up 22…
Press Release
Where’s Congress, White House on Gas Prices?
NEWS RELEASE: April 07, 2008 Gallon of Regular Gasoline Spikes Nearly a Nickel in a Week, 17 Cents Since March 3 Refineries’ Profit Surge Comes On Top of Record Profits Reaped From High Oil Prices;…
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Inexorable
4-06-08 by dugan It’s hard to be shocked these days about prices at the pump, easier to be shocked that Congress can’t do more than talk about it. Today’s $3.324 a gallon for regular,…
Press Release
Gas Prices Hit Records Across U.S.
NEWS RELEASE: March 31, 2008 Contact: Judy Dugan, 310-392-0522, ext. 305, or cell: 213-280-0175 Gasoline Prices Hit Records in U.S., 17 States; Congress Prepares to Question Oil Execs Group Calls for Passage of Stalled Renewable…