Archive | April, 2009

Press Release

Exxon 1st Qtr Profit More Normal

CONTACT: 213-280-0175 (cell), or 310-392-0522 ext. 305

30. April 2009

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Exxon 1st Qtr Profit More Normal

Exxon Profit at 2003-04 Levels ‘Shows What Normal Looks Like,’ Says Consumer Group Santa Monica, CA — Exxon Mobil’s first quarter profit of $4.55 billion dollars is small only by comparison to the last six years of nearly continuous profit records, said Consumer Watchdog. Its first quarter profit is more than $1 billion above what [...]

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Blog Post

Dancing a contango with big oil

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29. April 2009

Dancing a contango with big oil

04-29-09 by dugan The poor little oil companies are reporting profits that are way down, though only in comparison to the last three record-busting years of picking consumers clean at the pump. But they’re making up a sizable chunk of losses in their oil drilling businesses with fat, risk-free profits in their oil futures market [...]

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Blog Post

Running scared on hot fuel

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27. April 2009

Running scared on hot fuel

04-27-08 by dugan A retail fuel industry publication sent out this story today, making every argument it could think of against Costco’s agreement to sell gasoline that is adjusted for temperature so motorists get the same energy from every gallon they buy. If Costco is only going to do this in a handful of states, [...]

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News Clipping

Change Since Refinery Shutdown

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27. April 2009

Change Since Refinery Shutdown

Change, But Not Resolution, Since Big West Refinery’s Shutdown By John Cox, THE BAKERSFIELD CALIFORNIAN April 25, 2009 Randy Johnston struggles daily with uncertainty since he was laid off in February from his job as an outside operator at Big West refinery on Rosedale Highway. He gets up and scans job listings in newspapers and [...]

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News Clipping

Costco Settles ‘Fair Fuel’ Lawsuit

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27. April 2009

Costco Settles ‘Fair Fuel’ Lawsuit

Costco Settles ‘Fair Fuel’ Lawsuit By Staff Writers, CSNEWS.COM April 27, 2009 NEW YORK, NY — Costco last week agreed to settle a lawsuit over the sale of hot gasoline — gasoline above 60 degrees that expands, but is not accounted for at the pumps, resulting in consumers receiving less gasoline than they pay for. [...]

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Blog Post

No sacrifice for Chevron

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24. April 2009

No sacrifice for Chevron

Check out this great video that draws a straight line between Chevron’s lavish contributions to Gov. Arnold Schwarzenegger and the dismal ballot choices for plugging the awful state budget hole. We don’t have any position on Propositions 1D and 1E on the state ballot, which the video’s makers oppose. But it was amazing how fast [...]

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News Clipping

Costco Will Adjust Gas For Heat

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23. April 2009

Costco Will Adjust Gas For Heat

Costco Gas Prices Will Be Adjusted For Heat Expansion By Staff and Wire Reports, LOS ANGELES TIMES April 23, 2009 Costco Wholesale Inc. has agreed to install new gasoline pumps at stores in California and 13 other states that will adjust prices when fuel temperatures rise above the industry standard of 60 degrees. The agreement [...]

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News Clipping

Costco Offer Would Fix Hot Fuel

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23. April 2009

Costco Offer Would Fix Hot Fuel

Costco Offer Would Fix Hot Fuel By Steve Everly, THE KANSAS CITY STAR April 23, 2009 For the first time in the U.S., a gasoline retailer has plans to fix hot fuel. Costco Warehouse Inc. has agreed to change its fuel pumps in several states so they compensate customers for the lower energy value of [...]

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Press Release

Costco Hot Fuel Deal Applauded

CONTACT: 213-280-0175 (cell), or 310-392-0522, ext. 305

23. April 2009

Costco Hot Fuel Deal Applauded

Consumer Group Applauds Costco for Deal to Sell ‘Fair Fuel,’ Ending Hot Fuel Ripoff Agreement for Costco Gas Stations Would Adjust Fuel for Temperature in Several States. Oil Companies Will be ‘Making Fairness Illegal’ if They Try to Stop Costco Deal, says Consumer Watchdog Santa Monica, CA — Costco has agreed to settle a lawsuit [...]

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News Clipping

Costco: Yes On Hot Fuel Sensors

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21. April 2009

Costco: Yes On Hot Fuel Sensors

Costco To Install Hot Fuel Sensors By 7 On Your Side, KGO-TV ABC-7 (SF, CA) April 21, 2009 Big warehouse discounter Costco has reportedly agreed to put in the equipment needed to ensure you get all the gas you pay for. The advocacy group Consumer Watchdog says an announcement is expected any day now. Consumer [...]

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Blog Post

Biofuels’ bad rap needs do-over

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20. April 2009

Biofuels’ bad rap needs do-over

04-20-09 by dugan The biofuel industry was robbed by the California Air Resources Board, says a letter today from scientists at the Sandia National Laboratories. The biofuels industry has been crying foul since the California Air Resources Board put out a study ranking current biofuels as equal to or maybe worse than petroleum in their [...]

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Blog Post

Costco ‘Hot Fuel’ fix, almost

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20. April 2009

Costco ‘Hot Fuel’ fix, almost

4-20-09 by dugan  Great news–the legal paper Daily Journal (subscription barrier) said Friday that the Costco chain, already know for consumer-friendliness, agreed to eliminate the "hot fuel" ripoff at its gasoline stations. Unlike every other gasoline retailer in the U.S., Costco would install new pumps that put a little more gas in every gallon when [...]

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Blog Post

Cap and trade. Eek!

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17. April 2009

Cap and trade. Eek!

The Environmental Protection Agency declaration Friday that greenhouse gases and global warming are a threat requiring action is the enviro equivalent of the teacher announcing a pop quiz on quadratic equations. All of us who have just said Eek! when the phrase "cap and trade" is uttered will have to get serious. The science of [...]

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