Archive | June, 2009

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Pickens is back for your bucks

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30. June 2009

Pickens is back for your bucks

06-30-09 by dugan I choked on my black-bean enchilada when an e-mail alert popped up about a new bill in the Senate. Oklahoma oil and natural gas billionaire T. Boone Pickens, who failed miserably last year at picking Californians’ pockets, is now reaching for the wallets of all Americans. Sens. Mark Pryor of Arkansas and [...]

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Chevron’s $27-billion liability sticks. Again.

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30. June 2009

Chevron’s $27-billion liability sticks. Again.

06-30-09 by dugan Chevron keeps throwing money at the lawsuit by Ecuadoran peasants whose land and water were spoiled by oil drilling’s toxic leftovers. The oil giant wants the suit to go away, or at least to dump more of the liability on its unofficial Ecuadoran partner in the drilling decades ago. But Chevron lost [...]

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A one-cheer climate victory

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26. June 2009

A one-cheer climate victory

6-26-09 by dugan I’m certainly not a big fan of the House energy and climate bill that received a fake debate and a mini-filibuster before passing 219-212 in the House of Representatives today. By fake, I mean opponents who, for instance, called the bill "a twisted desire of the Democrat party" and "economic suicide" as well [...]

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Reality check on oil prices

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22. June 2009

Reality check on oil prices

6-22-09 Nothing changed in the real world today–economy still shrinking, gasoline consumption near 10-year lows. But speculators who doubled the price of crude oil and sent prices at the pump shooting up got some kind of extraterrestrial message today. The price of crude oil dropped about $2.50 a barrel, to around $67, and gasoline started [...]

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News Clipping

Gas Up 10 Cents In Week

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19. June 2009

Gas In State Up 10¢ In Week Investors, Weak Dollar, Refinery Problems Fuel Rise By Laura Stevens, ARKANSAS DEMOCRAT-GAZETTE June 19, 2009 Continuing strength in the commodities market has propelled the Arkansas average for regular gasoline up to $2.59 per gallon. Although experts have maintained for weeks that supply and demand levels don’t support the [...]

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‘Heavy oil’ = Heavy pollution

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17. June 2009

‘Heavy oil’ = Heavy pollution

06-17-09 by dugan Chevron’s evasions about its "upgrade" of a Northern California refinery to process dirtier, heavier oil got in well-deserved trouble with a state judge recently, thanks to unrelenting pressure from people who live near its already-dirty Richmond refinery (see poster below). Areas with less-organized citizens–including rural Mississippi (a project recently delayed for a [...]

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Save the Arctic, or drill it?

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15. June 2009

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Save the Arctic, or drill it?

06-15-09 by dugan What if man-made clouds could save the melting Arctic icepack? What if global warming also made it easier to drill for oil and natural gas in the most frozen parts of the Arctic? Who would win–Exxon or polar bears? It’s a real question. In the Wall Street Journal today, a future-is-now OpEd [...]

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Price roller coaster redux

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9. June 2009

Price roller coaster redux

06-09-09 by dugan Oil prices hitting close to $70 a barrel today are a speculator’s paradise. Their party, of course, is being paid for by consumers at the pump and struggling businesses. Gasoline is averaging $2.62 a gallon nationally and California is within a dime of $3.00 at the pump. Haven’t we been here before? [...]

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Natural gas catch-22

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5. June 2009

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Natural gas catch-22

Twist this one around in your brain. An industry demands that you prove it is contaminating your water. But the same industry also refuses to say what chemicals it’s injecting deep underground, which keeps you from getting the proof. That’s the gist of a contentious hearing today in Congress over new techniques of chemically assisted [...]

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‘Biofueled’ electric cars? Not yet

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4. June 2009

‘Biofueled’ electric cars? Not yet

06-04-09 by dugan The best use of biofuels like ethanol is not in the tank, but in making electricity to fuel all-electric cars, says a new study in Science magazine (free abstract, subscription pdf). I expect that’s right from a pure science view, but practicality points to using biofuels directly in hybrid and plug-in hybrid [...]

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Oil guys just make it up. Again.

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3. June 2009

Oil guys just make it up. Again.

06-03-09 by dugan     The investigative journalists of the nonprofit ProPublica are dogged (and mostly alone these days) in following the oil industry’s push to get natural gas out of shale. How do they do that? With unregulated "hydraulic fracturing, a process in which water and chemicals are pumped underground at high pressure." Now [...]

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Does Congress have the guts?

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2. June 2009

Does Congress have the guts?

05-02-09 by dugan   Oil companies have ruled in Washington for a couple of decades, paying lower federal fees than in any other developed country. There’s a shimmer of a hint that situation might change. CQ.com (subscription barrier) reports that a bill is floating around to raise the royalties paid for oil and gas leases [...]

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Chevron vs. sick babies

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2. June 2009

Chevron vs. sick babies

06-02-09 by dugan Chevron is spending a little now to save a lot later, at the expense of California children’s health, state parks, poor people, you name it. The oil giant just threw another $250,000 in donations to Gov. Schwarzenegger, reports the LA Times. Given the timing of the contribution, after the Gov’s failed election [...]

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