Archive | October, 2007

Press Release

Regents Must Review UC-BP Deal

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31. October 2007

Regents Must Review UC-BP Deal

NEWS RELEASE October 31, 2007 CONTACT: John M. Simpson, 310-392-0522, x317, or cell: 310-292-1902 Consumer Advocates Insist UC Regents Review $500 Million "UC-BP" Deal; Demand Proposed Contract Terms Be Made Public Santa Monica, CA — The University of California Board of Regents must approve any contract with BP creating the controversial Energy Biosciences Institute at [...]

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News Clipping

No Usual Fall Drop In Fuel Costs

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31. October 2007

No Usual Fall Drop In Fuel Costs

The Arizona Republic (Phoenix) October 31, 2007 by Ryan Randazzo, The Arizona Republic NO FALL BREAK: NEAR-RECORD OIL PRICES WIPE OUT THE USUAL AUTUMN DROP IN FUEL COSTS; BUSINESSES PASS ALONG INCREASE A surging tide in oil prices helped push Arizona’s average cost for a gallon of diesel to a record $3.22 Tuesday and continues [...]

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Blog Post

UC-BP About to Open

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30. October 2007

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UC-BP About to Open

10-30-07 by simpson The contract covering the $500 million deal for BP to fund the Energy Biosciences Institute (EBI) at UC Berkeley is about to be signed. Though the project was announced last February, negotiators have taken longer than expected to reach a contract. Signing is expected next week. According to a report in the [...]

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Blog Post

Next: Oil Tanker Meth Labs?

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30. October 2007

Next: Oil Tanker Meth Labs?

10-30-07 by dugan     If you’d like to run a small meth lab on the open seas, away from national laws, ExxonMobil may have a high-paying job for you! That’s a reasonable intrpretation of the Supreme Court’s decision to accept Exxon’s appeal of its $2.5 billion in liability from the Exxon Valdez tanker crash [...]

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News Clipping

Gas Prices Follow Oil Upward

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30. October 2007

Gas Prices Follow Oil Upward

Los Angeles Times October 30, 2007 by Ronald D. White, Times Staff Writer Gasoline prices follow oil upward; Crude futures hit new highs. The weak dollar, stormy weather in the Gulf of Mexico and other factors are cited. Hold on to your wallets. Oil cruised to another record high Monday and gasoline prices rose to [...]

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Blog Post

They Don’t Take Every Dollar

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29. October 2007

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They Don’t Take Every Dollar

10-29-07 I got a letter today and discovered Chevron actually doesn’t keep every consumer dollar that it could.  I got a buck back from the oil giant. You’ll remember I dropped by Town Hall Los Angeles last week where Chevron CEO Dave O’Reilly was speaking so I could give him our Golden Nozzle Award for [...]

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Press Release

Speculators’ Hot Air, Hot Prices

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29. October 2007

Speculators’ Hot Air, Hot Prices

 October 29, 2007 Contact: Judy Dugan, or Jamie Court, 310 392-0522 Gasoline Prices Driven by Speculators’ Hot Air, Say Consumers A gasoline price spike of more than a dime a gallon over the last two weeks is driven in large part by speculative and unregulated trading in crude oil, said the Foundation for Taxpayer and [...]

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Blog Post

BP Moves ‘Beyond Problems’

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29. October 2007

BP Moves ‘Beyond Problems’

10-29-07 by Simpson First BP tried to position itself as Beyond Petroleum, though Bumbling Petroleum is more accurate. Now with cold cash — just pocket change to the oil giant  — BP is trying to put itself Beyond Problems.  Last week BP agreed to pay $373 million in federal fines and restitution. In the largest [...]

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Blog Post

Delivering the Golden Nozzle

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25. October 2007

Delivering the Golden Nozzle

10-25-07 by simpson Chevron CEO Dave O’Reilly came to Los Angeles to make a speech. We figured it was a great opportunity to remind him what the company’s soaring gasoline prices do to consumers. I dropped by to present him with the “Golden Nozzle Award” for sticking it to California consumers. I had bought my [...]

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Press Release

Chevron CEO Gets Gouging Award

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25. October 2007

Chevron CEO Gets Gouging Award

NEWS RELEASE October 25, 2007 CONTACT: John M. Simpson, 310-392-0522, x317, or cell: 310-292-1902 Consumer Advocate Confronts Chevron Chief Executive Over Soaring Gasoline Prices With "Golden Nozzle Award" Los Angeles, CA — Consumer Advocates from Oilwatchdog.org today confronted Chevron CEO Dave O’Reilly over soaring gasoline prices and presented him with a symbolic "Golden Nozzle Award." [...]

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Blog Post

Oil’s Embrace of Enron’s Style

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25. October 2007

Oil’s Embrace of Enron’s Style

10-25-07 by dugan As Shell announced its 3rd quarter results (down a little because U.S. refining profits finally fell below pirate level), chief financial officer Peter Voser broke some new ground. He became the first top Western oil executive to say flatly that oil prices are being driven by speculation and world politics, not lack [...]

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Blog Post

Watching Conoco’s Next Move

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24. October 2007

Watching Conoco’s Next Move

10-24-07 by dugan   Nope, no surprise today in ConocoPhillips’ third quarter profit report… down some on lower refining profits, up some on higher oil prices. The net effect was a 5.2% drop from last year’s comparable period. One interesting point in the report was that Conoco, unlike the rest of Big Oil, kept its [...]

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Press Release

Only a Pause for BP

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23. October 2007

Only a Pause for BP

NEWS RELEASE October 23, 2007 CONTACT: Judy Dugan, 310-392-0522, ext. 305, or cell, 213-280-0175, or Tim Hamilton, 360-495-4941 BP Profit Drop Just a Pause in Windfall Profits, Says Consumer Group; Company Warned Not to Skimp on Safety, Environmental Protections to Cut Costs Santa Monica, CA — BP’s 29% drop in net quarterly profits to $4.41 [...]

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