Archive | September, 2008
Blog Post
Exxon’s new “Pal-in” high places
Posted by Judy Dugan
9-30-08 by dugan Alaska Gov. Sarah Palin has opposed any federal declaration that polar bears are endangered, saying she checked the research and it backs up her denials of human-caused global warmin. But her "research" was provided by global warming deniers, some paid by the oil industry. Here’s the detailed and fact-packed story, from the [...]
Blog Post
Sliver of silver lining
Posted by Judy Dugan
29. September 2008
9-29-08 by dugan The price of oil fell today by a slightly higher percentage than the Dow’s 7%, dropping $10 a barrel to $96. Of course, there’s another way to look at it–if that pattern continued, and the Dow fell to 8,000, crude oil would be about $70 a barrel. Crude was at $70 just [...]
Blog Post
Diesel use drops like rock
Posted by Judy Dugan
26. September 2008
9-26-08 by dugan Here’s an alarming statistic that won’t show up in government economic reports for a few months: Diesel purchases at truck stops in August were down 7.8% from a year ago. Most of the stuff we eat, buy and wear is delivered by truck. That statistic, from the Oil Price Information Service (paid [...]
Blog Post
Renewable energy update
Posted by Judy Dugan
26. September 2008
9-26-08 by dugan Friday update: The House passed its version of the renewable energy tax credit, but it’s still a long shot that the Senate will accept all the changes: three bills instead of one, and different financing that drew a White House veto threat. The depth of failure in not renewing these credits is [...]
Blog Post
Renewable energy credit fading
Posted by Judy Dugan
25. September 2008
9-25-08 by dugan The House was supposed to take up a Senate tax bill today that would, among other things, extend a crucial renewable energy tax credit that will otherwise expire at the end of the year. But in today’s chaos in Washington, the renewable energy credits got lost–shoved into a separate bill that might [...]
Blog Post
Free gas cards for all of us!
Posted by Judy Dugan
25. September 2008
9-25-08 by dugan If Californians wonder why there’s been no discussion of their pain at the gas pump in the state Legislature, it’s probably because legislators get free gas cards–and free cars. The AP story says lawmakers’ offices have racked up $220,000 dollars in charges on the cards just through July. Here’s my deal: Since [...]
Blog Post
Who does Paulson represent?
Posted by Judy Dugan
25. September 2008
9-25-08 by dugan Henry Paulson seems to have persuaded Congress that his Wall Street bailout is purely in service of the nation, but a land-conservation deal made by Paulson in 2004, when he was both CEO of Goldman Sachs and a board member of the Nature Conservancy, smacked strongly of conflict of interest. It’s a [...]
Blog Post
OWD and “Black Gold” on CNBC
Posted by Judy Dugan
24. September 2008
9-24-08 by dugan Yes, it’s hard to give up an episode of CSI, but take a look tonight at a CNBC investigative documentary, "Black Gold," airing at 9:30 Eastern (or whenever President Bush’s speech on the financial bailout ends.) The CNBC investigation, on the future and politics of oil, will certainly exceed the fun quotient [...]
Blog Post
Drillers win a talking point
Posted by Judy Dugan
23. September 2008
9-23-08 by dugan I get why Congress gave up today on renewing a federal ban on coastal drilling: It was that, or be accused of shutting down government for lack of a stopgap spending bill. The White House wouldn’t sign a bill that contained a renewal of the ban, and it was ready to hold [...]
Blog Post
Itty bitty energy bill
Posted by Judy Dugan
23. September 2008
9-23-08 by dugan Hopes for a comprehensive energy policy or energy policy this year are long over, but the Senate today limped to approval of the barest minimum–an extension of wind and solar power tax credits so investments won’t vanish like Cinderella’s pumpkin coach on December 31, when the current credits expire. Unlike the House [...]
News Clipping
Oil Prices Jump From Short Squeeze
23. September 2008
Oil Prices Jump, Partly From ‘Short Squeeze’ By David R. Baker, SAN FRANCISCO CHRONICLE September 23, 2008 The price of oil jumped $16.37 to $120.92 per barrel Monday, its biggest single-day gain ever, as investors spooked by the financial crisis sought a safe place to put their money. At one point during Monday’s wild trading [...]
Blog Post
Exxon’s mastodon strategy
Posted by Judy Dugan
22. September 2008
9-22-08 by dugan Why is Exxon’s stock down 16% since the beginning of this year? Because it’s sitting on a cash hoard of $39 billion, spending more on buying back its own stock than producing new energy. It won’t develop anything but gigantic new oilfields, so-called "elephant fields," and won’t drill without a guarantee of [...]
Blog Post
Unhinged oil prices
Posted by Judy Dugan
22. September 2008
9-22-08 by dugan Oil prices shot up by an all-time record $25 a barrel in one day because, um, because… uh, well, for no good reason. It’s all paper trading and has nothing to do with how many barrels of crude oil were sold or bought. It’s just the free, free market at work, without [...]
- "Gas Pain" At Pump and Smokestack
- Why Is Gasoline Price Staying High?
- Study: Texas-Based Valero Gouging California Drivers For A Decade
- Will Gasoline Prices Crash the Economy? Again?
- Wall Street Oil Speculators Hurt Families, U.S. Economy
- home warranty companies in california: My brother recommended I may like this web site. H...
- www.eagleranchacademy.com: Hello! I just wanted to ask if you ever have any ...
- treating toenail fungus: Hi all, here every person is sharing such experien...
- justin: Wonderful blog! Do you have any tips for aspiring ...
- dane: First off I want to say terrific blog! I had a qui...
30. September 2008