Chevron’s Doubled Profit Caps Oil Industry’s ‘Vampire Attack on Economy’ Current Oil Price Breather Is Right Time for Action to Prevent Next Speculative Bubble, Says Group October 31, 2008 Santa Monica, CA — The…
Press Release
Archive | Tag: supply
Press Release
Exxon, Shell Post Record Profits
Exxon, Shell Profit Records Cap an Orgy That Weakened U.S., World Economies, Says Group ‘Consumers Now Know Where Their Money Went’; Congress, White House Must Prevent a Repeat of Costly Energy Bubble CONTACT: Judy Dugan,…
Press Release
BP’s 3rd Qtr Profit $10+ Billion
BP’s Outlandish Profits Have Inflicted Serious Damage on Consumers and Whole Economies, Says Watchdog BP Profit, Including Inventory, More Than Doubles from Year Ago to Over $10 Billion on Spiking Oil Prices CONTACT: Judy Dugan,…
Press Release
ConocoPhillips Doubles Profit
ConocoPhillips Doubles Its Profit for 2008 — Harbinger for Bigger Oil Companies $14 billion profit for the first three quarters is more than $7 billion above 2007, money that “went straight onto consumers’ crushing credit…
Blog Post
Stations Make More Per Gallon
Gas Stations Make More Pennies on the Gallon By Ryan Randazzo, THE ARIZONA REPUBLIC October 16, 2008 Drivers are welcoming the continued drop in prices of gasoline, but the average cost of a gallon of…
Blog Post
Who’ll protect Iraqi oil?
10-14-08 by dugan How far on the hook will the American military be for the the protection of U.S. oil companies and shipping lanes? That’s a live question again, as companies including ExxonMobil, Chevron, Shell…
Blog Post
Pump prices oughta be lower
10-9-08 by dugan When oil prices dropped to under $78 a barrel today, I asked our friend Insider to take a look at why gasoline prices are going down so much more slowly than the…
Blog Post
Oil profiteering, both ways
10-9-08 by dugan It’s almost time for oil companies to tell us how astounding their "earnings" were in the last three months–how, as the economy tumbled deep into recession and Americans lost their jobs and…
Blog Post
Petunia in the Mojave
10-1-06 by dugan Back from the dead. No, not just the bailout bill, but tax credits for wind and solar energy projects, which for months have been a pawn in the battles of dysfunctional…
Blog Post
Sliver of silver lining
9-29-08 by dugan The price of oil fell today by a slightly higher percentage than the Dow’s 7%, dropping $10 a barrel to $96. Of course, there’s another way to look at it–if that pattern…
Blog Post
OWD and “Black Gold” on CNBC
9-24-08 by dugan Yes, it’s hard to give up an episode of CSI, but take a look tonight at a CNBC investigative documentary, "Black Gold," airing at 9:30 Eastern (or whenever President Bush’s speech on…
Blog Post
Drillers win a talking point
9-23-08 by dugan I get why Congress gave up today on renewing a federal ban on coastal drilling: It was that, or be accused of shutting down government for lack of a stopgap spending bill….
Blog Post
Exxon’s mastodon strategy
9-22-08 by dugan Why is Exxon’s stock down 16% since the beginning of this year? Because it’s sitting on a cash hoard of $39 billion, spending more on buying back its own stock than producing…