Archive | October, 2007
Press Release
Regents Must Review UC-BP Deal
CONTACT: John M. Simpson
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 [...]
News Clipping
No Usual Fall Drop In Fuel Costs
31. October 2007
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 [...]
Blog Post
UC-BP About to Open
Posted by John M. Simpson
30. October 2007
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 [...]
Blog Post
Next: Oil Tanker Meth Labs?
Posted by Judy Dugan
30. October 2007
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 [...]
News Clipping
Gas Prices Follow Oil Upward
30. October 2007
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 [...]
Blog Post
They Don’t Take Every Dollar
Posted by John M. Simpson
29. October 2007
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 [...]
Press Release
Speculators’ Hot Air, Hot Prices
CONTACT: Judy Dugan
29. October 2007
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 [...]
Blog Post
BP Moves ‘Beyond Problems’
Posted by John M. Simpson
29. October 2007
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 [...]
Blog Post
Delivering the Golden Nozzle
Posted by John M. Simpson
25. October 2007
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 [...]
Press Release
Chevron CEO Gets Gouging Award
CONTACT: John M. Simpson
25. October 2007
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." [...]
Blog Post
Oil’s Embrace of Enron’s Style
Posted by Judy Dugan
25. October 2007
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 [...]
Blog Post
Watching Conoco’s Next Move
Posted by Judy Dugan
24. October 2007
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 [...]
Press Release
Only a Pause for BP
CONTACT: J.Dugan T.Hamilton
23. October 2007
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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31. October 2007