Archive | April, 2007
Press Release
Big Oil “Shortage” Drives Record Pump Prices
CONTACT: Judy Dugan
NEWS RELEASE: April 30, 2007 CONTACT: Judy Dugan, 310-392-0522, ext. 305, or cell: 213-280-0175 Oil Companies Created "Shortage" That Is Driving Record Pump Prices, Says Group; Last Year’s Record Is Shattered at $3.40 for Regular in CA; New U.S. Mark Is Cents Away Santa Monica, CA — Even as crude oil prices fell slightly today, [...]
News Clipping
Billions More In Chevron Profit
28. April 2007
The San Francisco Chronicle April 28, 2007 by David R. Baker, Chronicle Staff Writer Billions more in Chevron profit; Earnings jump 18% at San Ramon company even as crude oil prices slump in 1st quarter Soaring gasoline prices and the sale of a Netherlands refinery helped drive Chevron Corp. profits up 18 percent to $4.7 [...]
News Clipping
Supply Shrinks, Gas Prices Rise
28. April 2007
The Kansas City Star April 28, 2007 by STEVE EVERLY, The Kansas City Star As supply shrinks, gas prices rise; Falling imports, strong demand, insufficient capacity all blamed. Tight gasoline supplies have set the stage for higher fuel prices going into the summer, prompting renewed criticism of refinery profits. Gasoline inventories have struggled to recover [...]
News Clipping
Record Profits Rev Up Chevron;
28. April 2007
Contra Costa Times (California) April 28, 2007 by George Avalos, MEDIANEWS STAFF Record profits rev up Chevron; Earnings of $4.72 billion up 18% in 1st qtr despite dip in revenues and $150 million Richmond refinery outage. Chevron Corp.’s first-quarter earnings rocketed 18 percent higher, propelled by handsome refining and gasoline profits, along with an asset [...]
Blog Post
A Connect-the-Dots Moment
Posted by Judy Dugan
27. April 2007
04-27-07 by Dugan Here’s news that screams “Brought To You By Big Oil” Well-reported stories from the AP and USA Today report a sharp oil price jump after news of a foiled Al Qaeda attack on Saudi oilfields. Duh. Who couldn’t see that story coming? It’s a real connect-the-dots moment. As I reported earlier [...]
Press Release
Chevron’s Profit, Drivers’ Loss
CONTACT: Judy Dugan
27. April 2007
04-27-07 by dugan Fuel Refining Margins Zoom, Rest of 1st Q Report Lists Minuses Chevron, like Exxon Mobil and the other major oil companies, saw its earnings in the traditional oil business dip in the first three months of the year, while a broken market allowed it to make up the difference with a sharp spike [...]
News Clipping
Exxon, Valero Profits Jump
27. April 2007
Los Angeles Times April 27, 2007 by Elizabeth Douglass & Richard Simon, Times Staff Writers Exxon, Valero profits jump; The quarterly gains, coming at a time of soaring pump prices, prompt renewed calls for legislative action. Oil giant Exxon Mobil Corp. and leading refiner Valero Energy Corp. cashed in on soaring gasoline prices during the [...]
Blog Post
Insider Scoop on Bigger Price Spikes
Posted by Judy Dugan
27. April 2007
04/27/07 by dugan Oilwatchdog’s buddy known as “Insider” tells us that gasoline stations are seeing 10-cent-a-gallon increases this week in the gasoline delivered to them by oil companies. It’s more than one company and looks like “systemwide increases,” says Insider. (Sources in the Midwest say dealers report a 13-cent increase there). Here’s the math on [...]
Blog Post
It’s ALL about oil
Posted by John M. Simpson
27. April 2007
04-27-07 by Simpson ExxonMobil is an oil company and Chief Executive Rex Tillerson sees no reason to broaden his horizon to include investing in alternate energy. "I don’t have a lot of technology to add to moonshine," he says of ethanol. Fortune magazine writer Geoff Colvin examines the oil giant’s philiosophy and notes that the [...]
Blog Post
Will profs learn from students?
Posted by John M. Simpson
26. April 2007
4-26-07 by Simpson UC Berkeley’s faculty members could learn something from their students. Unlike the faculty senate’s toothless compromise resolution about the proposed $500 million deal with oil giant BP that could transform the campus into the latest outpost of Big Oil U. — "UCBP" — the student senate’s resolution means something. The Associated Students [...]
Press Release
Exxon Profiteering = Record 1st Qtr Profit
CONTACT: J. Dugan J. Court
26. April 2007
NEWS RELEASE: April 26, 2007 CONTACT: Judy Dugan, (310) 392-0522 ext. 305, or cell: 213 280-0175, or Jamie Court, ext. 327 ExxonMobil’s Profiteering At Refineries Brings 1st Qtr Record Even As Revenues Fall; Regulators, Lawmakers Must Step In to Halt Price Gouging, Says Group Santa Monica, CA — ExxonMobil proved to the world today that [...]
Press Release
Exxon Taints Stanford Research
CONTACT: J. M. Simpson J. Court
26. April 2007
NEWS RELEASE April 26, 2007 CONTACT: John M. Simpson, (310) 392-0522 ext. 317 or cell: (310) 292-1902, or Jamie Court, (310) 392-0522, ext. 327 Credibility of New Stanford University Energy Research Tainted by ExxonMobil Ties Santa Monica, CA — A widely reported study sounding an alarm against using ethanol to replace gasoline is the most [...]
News Clipping
How green is Chevron?
By Jamie Court
25. April 2007
The San Francisco Chronicle April 25, 2007 by Jamie Court – Op-Ed Commentary The following commentary by Jamie Court, president of the Santa Monica-based Foundation for Taxpayer and Consumer Rights and a founder of www.oilwatchdog.org was published in the San Francisco Chronicle on Wednesday, April 25th, 2007. ————— Chevron shareholders meet today in San Ramon [...]
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30. April 2007