Archive | June, 2008
Blog Post
Congress takes a holiday
Posted by Judy Dugan
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 [...]
Blog Post
Government’s cracked crystal ball
Posted by Judy Dugan
26. June 2008
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, [...]
Blog Post
Exxon Valdez and coastal drilling
Posted by Judy Dugan
25. June 2008
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. [...]
Blog Post
$2-$3 gas? Not such a fairy tale
Posted by Judy Dugan
23. June 2008
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 [...]
Press Release
New Bills to Curb Oil Speculation
CONTACT: Judy Dugan
23. June 2008
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 [...]
Blog Post
Great reporting on oil. Sigh.
Posted by Judy Dugan
20. June 2008
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. [...]
Blog Post
Why cheaper gas is right
Posted by Judy Dugan
20. June 2008
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 [...]
Blog Post
Enron loophole fix is law
Posted by Judy Dugan
20. June 2008
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 [...]
Blog Post
The lie of coastal oil drilling
Posted by Judy Dugan
19. June 2008
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 [...]
Press Release
Send Your Gas Bill To Congress!
CONTACT: J. Dugan J. Court
19. June 2008
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 [...]
Blog Post
Bush wants west’s water
Posted by Judy Dugan
18. June 2008
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 [...]
Blog Post
McCain and Market Regulation
Posted by Judy Dugan
17. June 2008
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 [...]
Blog Post
Regulate Oil Prices? How Quaint
Posted by Judy Dugan
14. June 2008
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 [...]
- "Gas Pain" At Pump and Smokestack
- Study: Texas-Based Valero Gouging California Drivers For A Decade
- Why Is Gasoline Price Staying High?
- Wall Street Oil Speculators Hurt Families, U.S. Economy
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27. June 2008