Archive | March, 2008

Press Release

Gas Prices Hit Records Across U.S.

CONTACT:

31. March 2008

Gas Prices Hit Records Across U.S.

NEWS RELEASE:  March 31, 2008 Contact: Judy Dugan, 310-392-0522, ext. 305, or cell: 213-280-0175 Gasoline Prices Hit Records in U.S., 17 States; Congress Prepares to Question Oil Execs Group Calls for Passage of Stalled Renewable Energy Bill, Oversight of Trading Markets Gasoline pumps prices rose to yet another record today and over the weekend, both […]

Share
Continue reading...

Blog Post

That’ll Be $4.35 a Gallon, Thanks

Posted by

26. March 2008

That’ll Be $4.35 a Gallon, Thanks

3-26-08 by dugan   Hey, California, how about $4.35 a gallon for regular? A study released today (Here’s the press release. Here’s the study) by the Consumer Federation predicts pump prices could rise another 75 cents a gallon if refiners are able to cut back production and boost their profits to last year’s level. Its […]

Share
Continue reading...

Blog Post

Chevron in Iraq: Who’ll Pay?

Posted by

25. March 2008

Chevron in Iraq: Who’ll Pay?

3-25-08 by dugan   If the major oil companies start making deals to pump Iraqi oil, who will protect their investments? If these investments become "a fact on the ground" while the U.S. still occupies Iraq, won’t they become the responsibility of U.S. troops, and taxpayer resources? Unfortunately, it’s happening faster than most of us […]

Share
Continue reading...

Blog Post

Plain Talk on Greed, Gas Price

Posted by

25. March 2008

Plain Talk on Greed, Gas Price

I ran across an intriguing columnist today who described in plain language (not analyst-speak) the real story of gasoline prices–it’s not market forces, and it’s not global unrest or even demand. The article is in the Traverse City Record Eagle, a little paper in the most frozen part of Michigan. It prompted me to call […]

Share
Continue reading...

Blog Post

Gas Tax Is State Money Pot

Posted by

25. March 2008

Gas Tax Is State Money Pot

3-26-08 by dugan     Most of U.S. price inflation is being driven by oil, and no place is it more evident or harmful than at the pump. Especially in California, where regular is stuck at over $3.60 a gallon. Less evident is how the California gas tax puts government on the side of Big […]

Share
Continue reading...

News Clipping

Gas Prices Raise CA Tax Revenue

By

25. March 2008

Gas Prices Raise CA Tax Revenue

Gas Prices Drive Up Sales Tax Revenue in State By Mattew Yi, San Francisco Chronicle March 25, 2008 Sacramento, CA — While motorists fume over the skyrocketing cost of gasoline, state officials say the extra sales tax revenue from high prices at the pump is proving to be a boon as California faces an $8 […]

Share
Continue reading...

Blog Post

Hot Fuel’s Alternate Universe

Posted by

24. March 2008

Hot Fuel’s Alternate Universe

3-24-08 by dugan     Sometimes when an argument doesn’t make sense, it’s the argument’s fault. That was my conclusion when a weights and measures official from New York came to the California Energy Commision to defend gas stations’ practice of selling "hot fuel," which gives drivers less value than they think when they buy […]

Share
Continue reading...

Blog Post

“Get a Grip” View on Ethanol

Posted by

24. March 2008

“Get a Grip” View on Ethanol

3-24-08 by dugan     Leave it to the Canadians to stay calm. Consider Frank Dottori, founder and former CEO of a multibillion-dollar forest products company. Nowadays he’s heading a project to turn forest and urban waste into ethanol. He grasps all the faults of corn ethanol and sees cellulosic ethanol as the future. But […]

Share
Continue reading...

Blog Post

The Great Spring Ripoff

Posted by

23. March 2008

The Great Spring Ripoff

3-23-08 by dugan   Yep, oil prices kept dropping over the weekend, down about 9% over the last week. But gasoline prices hit a new record of $3.26 nationally on Sunday. So did diesel, at a shocking $4.06–hammering the cost of every foodstuff and manufactured product, to say nothing of truckers on the edge of […]

Share
Continue reading...

Blog Post

Exxon’s EZ Profit Strategy

Posted by

21. March 2008

Exxon’s EZ Profit Strategy

3-21-08 by dugan     When you’ve got a product that the world can’t live without, it doesn’t pay to make more of it. That’s how Exxon sees it, as explained in detail in a Business Week story this week. The article acknowledges the difficulties oil companies face in dealing with various despots, who rule […]

Share
Continue reading...

News Clipping

Gas Pricier – Brief Dip Soon?

By

21. March 2008

Gas Pricier – Brief Dip Soon?

Gas Pricier, but Brief Dip Seen Coming By Laura Stevens, Arkansas Democrat-Gazette March 21, 2008 Gasoline prices have been flirting in recent days with Arkansas’ average record of $3.18 a gallon set in May. The national average record was set Sunday at $3.285, though it has dropped a penny since. Soon refiners will shut down […]

Share
Continue reading...

Blog Post

Greasing Government’s Wheels

Posted by

20. March 2008

Greasing Government’s Wheels

33/20/08 by simpson What’s it take to keep government chugging along smoothly in your favor? In Exxon Mobil’s case, the oil giant’s executives opted to plunk down $16.9 million in 2007 to lobby the federal government. That’s  the amount listed in a recent disclosure form filed with the U.S. Senate’s office of public disclosure, according […]

Share
Continue reading...

Blog Post

Better Late, Etc…

Posted by

20. March 2008

Better Late, Etc…

3-20-08 by dugan   Just as the oil bubble shows its first holes, the New York Times gets around to a real, meaty story on the dangers of unregulated commodity markets. It’s a story that could have made a difference in pushing Congress to do something before oil hit $90, much less $111. But reporter […]

Share
Continue reading...