Archive | March, 2007
News Clipping
Could $4 gas be on the way?
Oakland Tribune March 31, 2007 by Janis Mara, BUSINESS WRITER Just in time to mess up weekend getaways, gas prices tied a record high Friday in the San Francisco metro area — and the East Bay wasn’t far behind. The average price for a gallon of unleaded gas hit $3.36 — up 34 cents from [...]
Blog Post
CEO Gets $27 Mill In Stock As Gas Prices Break Records
Posted by Jamie Court
31. March 2007
Chevron CEO David O’Reilly received $27.8 million in stock options this week just as the price of gasoline hit record highs in O’Reilly’s hometown in Northern California, closing in on 4 bucks per gallon at some Bay Area stations. Chevron’s been making a killing on high gasoline prices in the West, particularly California, where gas [...]
Blog Post
$4 Gas? It’s Already Here
Posted by Judy Dugan
30. March 2007
Dow Jones’ online Marketwatch predicts today that U.S. gasoline prices could reach $4 a gallon. Bulletin: In San Francisco they already have, at some stations. The area average today hit $3.363, matching its all-time high last May. The San Francisco Chronicle reports thoroughly today on the startling price rise, but a couple of points [...]
Blog Post
Big Oil’s European Vacation
Posted by Judy Dugan
29. March 2007
Oil industry and power company executives have begun a European jaunt in the company of California’s top energy policy officials. It’s billed as a “policy study” on how Europe implements greenhouse gas restrictions. But giving Big Oil that much private face time with the people who will write the state’s greenhouse gas regulations is always [...]
Blog Post
Hillary Channels Prop 87
Posted by Judy Dugan
29. March 2007
OilWatchdog reader "Alternative Energy Evangelist" points out this You Tube video of Hillary Clinton proposing an alternative energy fund, paid for out of ever-rising oil company profits. Sounds exactly like Proposition 87, which narrowly lost on the California ballot last November. Can Washington succeed? You wouldn’t want to hold your breath on that one.
Press Release
Chevron Talks Green, Yet Prevents Retailers From Selling Renewable Fuels
CONTACT: J. Dugan J. Court
29. March 2007
NEWS RELEASE:March 29, 2007 Contact: Judy Dugan, 310-392-0522 ext. 305, cell: 213-280-0175; Jamie Court, ext. 327, cell: 310-874-9989; Tim Hamilton, 360-495-4941 Letter to Chevron CEO Marks Launch of New Web Site, www.OilWatchdog.org Santa Monica, CA — The Foundation for Taxpayer and Consumer Rights (FTCR) today launched its comprehensive new web site and blog, OilWatchdog.org, with [...]
Blog Post
Chevron Kills Green Fuels
Posted by Judy Dugan
29. March 2007
Oil Watchdog’s parent organization today sent a letter to Chevron CEO David O’Reilly that accused the company of blocking gas stations from selling renewable motor fuels, even as it claims new green credibility. As crude oil prices surge and gasoline prices continue spiking toward new records, this is a whole new level of "greenwashing." (UPDATE, [...]
Blog Post
For Big Oil, Bad News=Profit
Posted by Judy Dugan
28. March 2007
Crude oil is up $1 today on speculation about Iran and the West coming to blows. Gasoline also continues upward, to $2.60 nationally and $3.20 in California, according to the AAA fuel gauge. Yet even at $64 a barrel, crude oil is a far cry from last year’s record high of $78 a barrel, notes [...]
Blog Post
Shame Totem For Exxon
Posted by Jamie Court
27. March 2007
Alaska carver Mike Webber has created a totem to memorialize how ExxonMobil has yet to pay its debt to Alaskans on the 18th anniversary of the Exxon Valdez spill. Webber’s shame totem pole, carved from a trunk of yellow cedar, carries the etched words, "We will make you whole again." In 1994, a federal jury [...]
Blog Post
Execs’ Feud Led to BP Blast
Posted by John M. Simpson
27. March 2007
Tensions in the executive suite contributed to the disaster at BP’s Texas City refinery, according to an internal confidential report described in The Financial Times. British Press Association Reporter of the Year Sheila McNulty writes that John Mazoni, chief executive of refining "should have done a ‘much deeper dive’ into the true state of the [...]
Blog Post
Retailers Resist ‘Adjusted’ Price
Posted by Jamie Court
27. March 2007
The petroleum marketers, a.k.a wholesalers and chain operators of truck stops and convenience stores, are organizing a new coalition, P.U.M.P. (the Partnership for Uniform Marketing Practices), to stop the rising momentum to mandate automatic temperature compensation (ATC) gasoline pumps. It’s hardly a surpise given the fact that the hot fuel scam allows retailers to buy [...]
Blog Post
State Regulators’ Favors to Oil
Posted by Judy Dugan
27. March 2007
A state auditor’s investigation reports that a regulator and his supervisor in the California Department of Conservation appeared to be fast-tracking drilling or other permits to oil companies while the employees concealed their investments in the same companies and took favors from them. Yet the audit, released last week, does not name the employees or [...]
Blog Post
Valdez’s Sister Still Afloat
Posted by Jamie Court
26. March 2007
Exxon still has not paid the $2.5 billion in punitive damages it owes 30,000 Alaskans from the Valdez spill. Exxpose Exxon has now uncovered that the world’s richest corporation is hardly showing remorse in its operations either, as it continues to operate the only single-hulled oil tanker being used by an oli company in Alaska’s [...]
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31. March 2007