Archive | November, 2008

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Chevron’s moral liabilities

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26. November 2008

Chevron’s moral liabilities

11-26-08 by dugan A jury in San Francisco is deliberating whether Chevron is liable for a shooting spree by Chevron-paid Nigerian troops against protesters aboard an oil platform a decade ago. No matter what the decision, this case and others of oil companies behaving as their own governments threaten not just on corporate treasuries, but [...]

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Roller-coaster hurts both ways

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25. November 2008

Roller-coaster hurts both ways

11-25-08 by dugan There’s no doubt that the crash in oil prices has taken pressure off of consumers and government, even though record-high energy prices did some serious economic damage before the fall. It’s like being grateful to the mugger who finally stops hitting you on the head with a rock. But what if lower [...]

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Shale oil and water wars

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24. November 2008

Shale oil and water wars

11/24/08 by dugan Mark Twain never heard the phrase "shale oil," but he was dead on when he said of the West, "Whiskey’s for drinking, water’s for fighting. Whiskey-wise, I’d like a double sinker after hearing that the Bush administration is close to reopening shale-oil mining and extraction from public lands in the West, which [...]

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Chevron’s relentless greenwash

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21. November 2008

Chevron’s relentless greenwash

11-21-08 by dugan We at OilWatchdog have been relentlessly critical of Chevron’s faux-green ad campaigns (here, here, here and here.) I’ve recently heard from reporters who are sniffing around the ubiquitous image ads–the fortune Chevron is spending on the ads is so obviously out of proportion to the size of the piddling green projects the [...]

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Waxman win a harbinger?

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20. November 2008

Waxman win a harbinger?

11-20-08 by dugan Henry Waxman’s close victory today over Rep. John Dingell to chair the powerful House Energy and Commerce Committee should mean better days for a U.S. energy policy focused on independence from fossil fuels–though we all know that the oil lobby won’t take it lying down. Waxman’s victory wasn’t a given, because the [...]

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Why’s gas so cheap? Or is it?

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20. November 2008

Why’s gas so cheap? Or is it?

11-20-08 by dugan   I’ve been asked a lot lately about why "gasoline is so cheap." Yet the question itself is a result of short memories. Gasoline is certainly a ton cheaper than in July, when crude oil cost $147 per 42-gallon barrel, and gasoline at the pump topped $4.50 a gallon in California, $4.11 [...]

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News Clipping

Big Oil: We Told You So

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18. November 2008

Big Oil: We Told You So

Big Oil: We Told You So With prices sharply lower from the summer’s highs, Big Oil’s decision to hold off on new production now seems rather wise. By Steve Hargreaves, CNNMONEY.COM November 18, 2008 NEW YORK, NY — It would be tempting to say they told us so. Back when oil prices were going nowhere [...]

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Exxon’s go-slow strategy backfires

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17. November 2008

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Exxon’s go-slow strategy backfires

Here’s a case that lights up Exxon’s strategy of reaping all the profit it can, while balking at actually developing new U.S. oil and natural gas resources. Exxon and a few partners recently lost their lease on a huge Alaskan natural gas field that it held since 1977 and failed to develop. Now Exxon is [...]

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What Exxon owes us ‘sissies’

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17. November 2008

What Exxon owes us ‘sissies’

11-17-08 by dugan Sitting inside the wreckage of the rest of the U.S. economy, Exxon Corp. beams with fiscal health. It is protected by its insular, petroleum-only culture, as described in a long NY Times Magazine piece Sunday by Jad Mouawad headlined "Green Is For Sissies". In Exxon’s view, the world’s largest corporation exists only [...]

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CEOs’ sudden love for Dingell

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11. November 2008

CEOs’ sudden love for Dingell

11-11-08 by dugan  A big catfight among two top liberals in the House of Representatives? Sheesh, can’t they get along for a few months while the president-elect gets a grip? It’s not like most people are even aware of the bid by Rep. Henry Waxman of California to take over the House Energy and Commerce [...]

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Back to $100 Oil, Unless…

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7. November 2008

Back to $100 Oil, Unless…

11-7-08 by dugan     The big consumer news today is continuously dropping gasoline prices, down to $2.31 a gallon nationally and below $2.00 in one state, Missouri. Drivers are still keeping their cars in the garage and their wallets closed in down-spiraling economy. Crude oil is about $60 a barrel ($1.43 a gallon). But [...]

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Voters saw through Pickens

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6. November 2008

Voters saw through Pickens

11-6-08 by dugan California was the tip on Boone Pickens’ spear. His Proposition 10, demanding taxpayer billions to finance a new market in natural gas fuels (Pickens’ chief business). It was obviously a first shot at taking the concept national. But voters saw through Pickens, despite the oil tycoon’s $19 million feel-good campaign for Prop [...]

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Arnold’s oil tax epiphany?

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6. November 2008

Arnold’s oil tax epiphany?

11-6-08 by dugan I’ve been out of town for several days, and the news today makes me wonder if the governor of California had a near-religious epiphany while I was gone. Arnold Schwarzenegger just embraced a proposal for a 9.9% extraction tax on oil drilled in in the state, among a raft of other taxes. [...]

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