supply – Page 2 – Oil Watchdog

Press Release

Refiner Valero’s Second Quarter California Profits 10X Higher Than Same Quarter Last Year Due to Market Manipulation and Gasoline Price Spike

30. July 2015

Santa Monica, CA – Valero reported $294 million in second quarter California profits, more than ten times higher than the same quarter last year when the Texas refiner made $24 million. The most staggering increase came in per barrel profits. Last year the company made just 99 cents per barrel in California. This year that number reached $11.23 per barrel.

Press Release

West Coast Oil Companies Exported Record Amount of Gasoline to Foreign Nations A Month Before “Supply Shortage” Price Spike That Cost Californians $3.6 Billion

CONTACT: Jamie Court

11. June 2015

Santa Monica, CA – Oil companies exported more gasoline from the West Coast to foreign nations in the month of December 2014 than ever in the nation’s history, according to Energy Information Administration data analyzed by Consumer Watchdog.

Press Release

Tesoro CEO Admits Refinery “Disruption” and Shutdowns = Big Profits, Echoing Chevron Statements About Pump Spike

CONTACT: Jamie Court

8. May 2015

Santa Monica, CA — On a call with investors today, Gregory Goff, the CEO of Tesoro admitted refinery shutdowns and “disruptions” led to big profits on the oil company’s bottom line in the first quarter. Tesoro’s profit per barrel in the first quarter jumped by 20 cents, amounting to California profits of $119 million in the first quarter for the company.

Press Release

New Report: Oil Refiners’ Profits Spike With Gasoline Price Spikes

CONTACT: Jamie Court

5. May 2015

San Francisco, CA — Consumer Watchdog published a new report today, “Refining Profits: How Californians Get Fleeced At The Pump,” showing that oil refiners have made large profits from gasoline price spikes recently and over the last decade. The report reviewed ten years of publicly available profit data.

Press Release

ALERT: California Gas Prices Up 37 Cents This Week; A Buck Over National Average, Driven By Refiner Shortages and Outages

CONTACT: Liza Tucker

30. April 2015

Refiners Remain Silent Because Law Does Not Require them to Disclose Information

Santa Monica, CA—The price of a gallon of regular gas in California spiked up another 40 cents this week and now stands at $3.59 a gallon at the pump due to fresh problems refineries have tried to conceal, Consumer Watchdog said today. Californians are now paying exactly a dollar more than the US average.

Press Release

Consumer Watchdog Says California Petroleum Reduction Targets Needed To Stop Oil Company Price Gouging

CONTACT: Jamie Court

7. April 2015

Santa Monica, CA — The nonprofit group Consumer Watchdog said that California legislation being debated today to cut petroleum demand in half will radically reduce the price of fuel in California.

Press Release

Tom Steyer and Consumer Watchdog Call On Legislators To Make Oil Company Executives Answer For February’s $550 Million Gas Price Spike

CONTACT: Liza Tucker

31. March 2015

Santa Monica, CA — Business leader, philanthropist and climate activist Tom Steyer and Consumer Watchdog President Jamie Court asked California lawmakers to subpoena oil industry executives to explain why California’s gasoline market is structured for shortages and volatility. The executives declined to testify at a March 24 hearing before a joint Senate Committee hearing into February’s dollar-a-gallon price spike at the pump.

Press Release

Californians Paid $550 Million Extra During February’s Gasoline Price Spike; Watchdog Report Finds Low Inventories & Profiteering Drive Gasoline Price Spikes

CONTACT: Jamie Court

24. March 2015

Santa Monica, CA — At a California State Senate hearing on February gasoline price spikes, Consumer Watchdog issued a report finding that California oil refiners have about half as much gasoline on hand than the rest of America, creating a volatile market that leads to gasoline price spikes. The report, “Price Spiked: How Oil Refiners Gouge Californians On Their Gasoline and What It Costs,” showed that Californians paid $550 million extra for their gasoline in February compared to drivers nationwide by calculating the difference between US and state prices and allotting for consumption.

Press Release

Consumer Watchdog Report Calls On California Officials To Watch For Oil Company Production Cut Backs As Ploy To Raise Gas Prices & Undermine Cap and Trade

CONTACT: Jamie Court

15. December 2014

Oakland, CA – The nonprofit Consumer Watchdog released a report chronicling the tactics California oil companies are likely to use to undermine implementation of climate protection laws and warned state officials they include artificially hiking the price of gasoline.

Press Release

Chevron Counts on Jigsaw Puzzle of Safety Regulation to Escape Oversight, Accountability, Says Consumer Watchdog

CONTACT: Judy Dugan

7. August 2012

Santa Monica, CA — Monday night’s explosion and hours-long fire at Chevron’s large oil refinery in Richmond, Ca., released toxic chemicals including sulfur dioxide and nitrogen oxide in unknown amounts, sending hundreds of local residents to local hospitals with breathing and eye complaints. Yet the state agency with the most expertise in regulating such toxins, the Department of Toxic Substances Control, claims it has little to no oversight of dangerous substances produced in refinery accidents, said Consumer Watchdog.

Press Release

Consumer Watchdog Urges Regulator to Shut Down Refiner After Leak That Endangered N. California Community

CONTACT: Judy Dugan

16. July 2012

State Department of toxic Substances Control Must Send “Strong Message” to Evergreen Oil Re-Refiner Over Repeated Safety Lapses, Accidents

Santa Monica, CA — Consumer Watchdog called on the Director of the California Department of Toxic Substances Control, Debbie Raphael, to indefinitely close the Evergreen Oil waste-oil re-refinery in Newark, Ca. in a letter sent today. On July 6, a pipe leak spewed “superheated oil” and triggered an emergency evacuation of the facility. The company and Newark police warned the surrounding community, including a nearby elementary school, to expect a wave of “strong odors” from the leak.

News Clipping

A Lot Less Fuming At The Gas Pump This Time

By J.Hirsch , LOS ANGELES TIMES

7. April 2012

Activist Jamie Court, president of Consumer Watchdog in Santa Monica, calls it capitulation. “After you get bonked on the head by $4 and $5 gasoline enough times, maybe it doesn’t hurt as much,” Court said.

News Clipping

State’s Drivers Ease Up On The Gas

By R.D.White LATimes

2. October 2011

“The pain in their wallets is causing them to rethink their lifestyles,” said Jamie Court, president of Consumer Watchdog in Santa Monica, a frequent critic of Big Oil. “People tend to be a lot more environmentally conscious when just ignoring it is going to cost them something.” The changes are even more significant, Court said, given the steady rise in the number of drivers. “It shows that ultimately we can solve both the higher emission problem and the higher consumption problem associated with more drivers if we can continue to improve fuel efficiency technology,” Court said.

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