Archive | June, 2008

Blog Post

Congress takes a holiday

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27. June 2008

Congress takes a holiday

06-27-08 by dugan It looks like Congress needs to rest up before doing anything about oil and gasoline prices. Our government is heading off for its long July 4 holiday after accomplishing nothing useful to combat Americans’ excruciating pain at the pump. There was talk last week in the House of Representatives about nine bills […]

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Blog Post

Government’s cracked crystal ball

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26. June 2008

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Government’s cracked crystal ball

06-26-08 by dugan It’s hard to do more than sputter over oil hitting $140 a barrel today, so let’s go for laughs. For instance, the federal Energy Information Administration’s 2008 predictions about oil. The EIA last year firmly predicted that 2008 crude oil prices would average $58 a barrel. Where do they buy these predictions, […]

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Blog Post

Exxon Valdez and coastal drilling

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25. June 2008

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Exxon Valdez and coastal drilling

06-25-08 by dugan Today’s big win by Exxon in the U.S. Supreme Court might make Americans think twice about letting Exxon and friends resume drilling for oil off the Atlantic and Pacific coasts. If the idea of court-ordered punitive damages is to prevent and punish corporate wrongdoing, ExxonMobil just got a green light for negligence. […]

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Blog Post

$2-$3 gas? Not such a fairy tale

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23. June 2008

$2-$3 gas? Not such a fairy tale

6-23-08 by dugan Today’s Congressional hearing on oil speculation sounded like an admission that the Emperor wasn’t wearing any clothes. Big guns in the financial industry told Congress that simply regulating out-of-control energy markets could drop the price of oil by up to half. That it’s primarily out of control energy trading, with too much […]

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Press Release

New Bills to Curb Oil Speculation

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23. June 2008

New Bills to Curb Oil Speculation

NEWS RELEASE:  Congress Plans Action on Oil Market Speculation As Consumers Send Their Gas Bills to Legislators, White House New Legislation Aims at Taming Energy Markets; Consumer Watchdog Decries Likely Lack of Senate, White House Support CONTACT: Judy Dugan, 310-392-0522, ext. 305; or cell, 213-280-0175 June 23, 2008  Santa Monica, CA — U.S. Gasoline prices […]

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Blog Post

Great reporting on oil. Sigh.

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20. June 2008

Great reporting on oil. Sigh.

06-20-08 After reading all too much recently about what Chicago-based owner Sam Zell wants to do the Los Angeles Times (hyperlocal!  shorter! charts! lists! less news, more ads!), I was struck by this long, smart piece in a major Australian newspaper about China, OPEC and the price of oil. Oilwatchdog could dispute parts of it. […]

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Blog Post

Why cheaper gas is right

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20. June 2008

Why cheaper gas is right

06-20-08 by dugan I’ve gotten some e-mails telling OilWatchdog that it’s off course in asking drivers to send their gas bills to Congress and demand some action to get prices down. One group says we should just drill anywhere, like President Bush asked. Them I can’t answer, because Bush’s own Energy Department says there’s no […]

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Blog Post

Enron loophole fix is law

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20. June 2008

Enron loophole fix is law

06-20-08 Finally. After a clerical bungle that sent the farm bill through two Congressional votes, two presidential vetoes and two Congressional override votes, it and the "Close the Enron Loophole" amendment are law. It’s a little like the elephant giving birth to a mouse–the measure will apply only mild oversight and a handful of regulation […]

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Blog Post

The lie of coastal oil drilling

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19. June 2008

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The lie of coastal oil drilling

06-19-08 by dugan It’s easy to understand why President Bush and Sen. John McCain are getting media and public traction from their demand that California, Florida and other coastal states open up their shorelines to oil drilling. After all, more oil means cheaper gas, right? No, wrong. It’s a complete fake, and not just because […]

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Press Release

Send Your Gas Bill To Congress!

CONTACT:

19. June 2008

Send Your Gas Bill To Congress!

NEWS RELEASE: ‘Send Your Gasoline Bill to Congress’ Campaign Launched by Consumer Watchdog Group Offers Drivers Opportunity to Send ‘Dose of Reality’ to Lawmakers and White House and Demand Action Now, Not Next Year CONTACT: Judy Dugan, 310-392-0522, x305, or Jamie Court, x327 June 19, 2008 Santa Monica, CA — Consumer Watchdog, using an innovative […]

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Blog Post

Bush wants west’s water

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18. June 2008

Bush wants west’s water

06-18-08 What I heard today in President Bush’s push to extract Western shale oil was this: Let’s subsidize Big Oil to turn Southern California into a desert and huge swaths of the West into polluted, rubbled, waterless wasteland. A pitch once confined to Internet investment schemes got a White House imprint. so did offshore drilling […]

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Blog Post

McCain and Market Regulation

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17. June 2008

McCain and Market Regulation

06-17-08 by dugan     Sen. John McCain’s call today to lift a federal ban on drilling off the nation’s coastline won’t win him friends in California, and probably Florida, but the part of his energy speech that struck me was his statement on oil market regulation. He seemed to endorse, and strongly, some regulatory […]

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Blog Post

Regulate Oil Prices? How Quaint

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14. June 2008

Regulate Oil Prices? How Quaint

6-14-08 by dugan   This business short in Saturday papers caught my eye. Not because a federal court turned down Chevron’s demand for a $101-million tax refund, but because it referred to a time when the government regulated oil and refinery prices, way back in the 1970s and early ’80s. Then again, that was back […]

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