Archive | April, 2008

Blog Post

Rockefellers: Change Exxon

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30. April 2008

Rockefellers: Change Exxon

04-30-08 by simpson What’s known as America’s First Family of Oil, the Rockefellers, wants Exxon Mobil, the oil giant descended from John D. Rockefeller’s  Standard Oil, to change it is ways. They’re worried the company doesn’t care enough about the environment or developing alternative energy. Forbes quoted Neva Rockefeller Goodwin, a great-granddaughter of John D. [...]

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News Clipping

Heated Fuel Price Rhetoric

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30. April 2008

Heated Fuel Price Rhetoric

Heated Fuel Price Rhetoric By Staff Writers, ENERGYWASHINGTON WEEK April 30, 2008 Rising fuel prices are rattling a lot of people who want action, fast. Sen. Dick Durbin (D-IL) has sent a letter to the Chairman of the Federal Trade Commission (FTC), asking for an investigation into the recent spike in diesel and jet fuel [...]

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Exxon Hit For Its Secrecy

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29. April 2008

Exxon Hit For Its Secrecy

04-29-08 by simpson Oil giant ExxonMobil is as secretive as its competitors in Russia and China, according to a report just released by Transparency International, a global organization fighting corruption. "The tragic paradox, that many resource-rich countries remain poor, stems from a lack of data on oil and gas revenues and how they are managed," [...]

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Press Release

Shell & BP Record 1st Qtr Profits

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29. April 2008

Shell & BP Record 1st Qtr Profits

NEWS RELEASE:  April 29, 2008 Speculative Oil Price Brings Roof-Busting Profits to Shell, BP at Cost of Squeezed Consumers, Suffering Economy Government’s ‘Business as Usual’ Stance Is Inexcusable as Pump Price Soars, Says Consumer Group CONTACT: Judy Dugan, cell: 213-280-0175; or John Simpson, 310-392-0522, ext. 317 Santa Monica, CA — The first-quarter record profits reported [...]

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SF Avg. Gas Price Tops $4

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28. April 2008

SF Avg. Gas Price Tops $4

Average Gas Price Tops $4 in San Francisco; Motorists express dismay but not surprise at the pump. L.A. is not far behind at $3.878 a gallon. By Michelle Quinn, LOS ANGELES TIMES April 28, 2008 >SAN FRANCISCO, CA — Finally, it happened. After days of inching upward, gasoline on Sunday crossed the $4 threshold in [...]

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Warm States’ Hot Fuel Lawsuit

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28. April 2008

Warm States’ Hot Fuel Lawsuit

Lawsuit seeks fair price for gasoline in Florida and other warm-weather states; Suit Wants Oil Companies to Treat Consumers Fairly By McNelly Torres, SOUTH FLORIDA SUN-SENTINEL April 27, 2008 Florida drivers pay among the nation’s highest gas prices because of high taxes and the state’s lack of refineries and pipelines. Now consumer advocates are taking [...]

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Man Asks God for Cheaper Gas

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28. April 2008

Man Asks God for Cheaper Gas

April 28, 2008 Man Asks God for Cheaper Gas By Wire Reports, UPI OAKLAND, CA — A man of faith from the District of Columbia area is going over the heads of government and industry leaders by asking God for cheaper gas. Rocky Twyman, a public relations consultant and church choir director from the Washington [...]

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Occidental’s Record High Profit

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25. April 2008

Occidental’s Record High Profit

Occidental’s Profit Soars 53% to Record High on Surging Oil Prices By Tiffany Hsu, LOS ANGELES TIMES April 25, 2008 Buoyed by booming energy prices and output, Westwood-based Occidental Petroleum Corp. said Thursday that first-quarter profit leaped 53% to an all-time high. Analysts predicted continuing good fortune for the company but warned that a slowing [...]

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Blog Post

Gunboats and Recession

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25. April 2008

Gunboats and Recession

4-25-08 by dugan Today’s $3.00 per barrel spike in crude oil was a perfect example of market traders capitalizing on hasty news. Initial reports, from military sources, said a U.S. military "contract’ ship fired on boats that were likely Iranian Revolutionary Guard. Soon after, it was not so much — the boats were unidentified: U.S. [...]

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Gas Setting New Records Daily

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25. April 2008

Gas Setting New Records Daily

Gasoline Prices Passing $4, Setting New Records Daily By Staff Writers, Central Valley Business Times (Stockton, CA) April 25, 2008 Prices over $3 everywhere — The question is, will we see $5? — Gasoline now rivals Iraq as Americans’ biggest worry Gasoline price records are being broken throughout California for the third consecutive week, according [...]

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Press Release

Conoco’s Profit = Higher Gas $

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24. April 2008

Conoco’s Profit = Higher Gas $

NEWS RELEASE:   Consumer Group Sees Warning in Oil Profit Report that Refining Profits Set to Rise, Spiking Gasoline Prices Further    Analyst Predicts Over $4 a Gallon Nationally, Up To $5 in California CONTACT: Judy Dugan, 310-392-0522, ext. 305; or Tim Hamilton, 360-495-4941 April 24, 2008 Conoco Phillips’ CEO all but apologized for his [...]

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Blog Post

Milk Is Sold Fairly; Not Gas

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23. April 2008

Milk Is Sold Fairly; Not Gas

4-23-08 by dugan   Edited 4/23, 5:00 p.m. to use exact temperature benchmarks, as provided by K. Floren.  Around a meeting table at the California Energy Commission today, some of us were stifling yawns. Then, in one sentence, a veteran weights and measures regulator put the "hot fuel" issue in a perfect frame: Every packaged [...]

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Fighting $4-a-gallon diesel

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23. April 2008

Fighting $4-a-gallon diesel

4-23-08 by simpson An Apache Junction, Arizona, trucking firm is fighting to stay in business in the face of $4-a-gallon diesel by driving across the border to Mexico to buy fuel where it sells for $2 a gallon. CNN tells the story of how Romano and Son built a 500-gallon tank to haul diesel fuel [...]

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