Archive | July, 2009

News Clipping

FPPC Queries Polluter-Paid Trips

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31. July 2009

FPPC Queries Polluter-Paid Trips

FPPC Chief Questions Trips Supported By Polluters By Tom Knudson, SACRAMENTO BEE July 31, 2009 The chairman of California’s Fair Political Practices Commission, Ross Johnson, said widespread overseas travel by top state climate and energy officials on the tab of nonprofits funded by industry "raises very serious questions of propriety." Consumer advocates called for a […]

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Press Release

Oil Price Spikes As Oil Profits Skid

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

30. July 2009

Oil Price Spikes As Oil Profits Skid

Oil Price Spike, As Exxon And Others’ Profit Skids, Shows Potential For New Economy-Killing Energy Roller Coaster, Says Consumer Watchdog Profit Reports Offer More Proof That Oil Prices Are Disconnected From Actual Petroleum CONTACT: Judy Dugan, July 30, 2009 Santa Monica, CA — On the same day that Exxon Mobil reported a second quarter profit […]

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Blog Post

Big about-face on speculation

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28. July 2009

Big about-face on speculation

7-28-09 by dugan   Last fall, the Bush administration said all that business with oil hitting $147 a barrel and gasoline at over $4.00 a gallon was just supply and demand at work. Today–big oops! The Obama administration, politely calling the report’s data "deeply flawed," said it will issue a revised report in September saying […]

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News Clipping

Energy Co’s Pay Regulators’ Way

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27. July 2009

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Energy Co’s Pay Regulators’ Way

Energy Firms Help Pay For State Regulators’ Far-Flung Trips By Tom Knudson, SACRAMENTO BEE July 26, 2009 State officials who lead California’s war on global warming often travel abroad on trips supported by the major greenhouse gas polluters they regulate, a Bee investigation has found. Industry lobbyists and executives routinely join them. Since 2006, more […]

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Blog Post

“Junker” bonus: More GM welfare?

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27. July 2009

“Junker” bonus: More GM welfare?

7-27-09 by dugan   Shoulda been a big gain for the environment: Turn in your gas-guzzling clunker for a federal credit up to $4,500 to buy a cleaner car. Not much cleaner, it turns out: as little as 4 mpg for passenger cars, and 0–yep, zero–for big pickups. It’s welfare for auto companies more than […]

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Blog Post

Hot fuel fix rises from the dead

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21. July 2009

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Hot fuel fix rises from the dead

7-21-09 by dugan     Is it hot out? Well, so’s your gasoline. You’re losing a few cents a gallon each time you fill up at the pump. And no, with today’s insulated underground tanks, you can’t get cooler fuel in the morning. You just have to pay, while the dealer and oil companies reap […]

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News Clipping

Debit-Card Security Upgrades Costly

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19. July 2009

Debit-Card Security Upgrades Costly

Debit-Card Security Plan Worries Gas Pump Owners — Smaller Retailers Fear Costly Upgrades Mandated By Firms By Allison Nichols, ARKANSAS DEMOCRAT-GAZETTE July 19, 2009 New security mandates from credit-card companies that gas stations and other retailers upgrade equipment to protect consumer information will prove costly to merchants. The new standards, meant to protect against theft […]

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Blog Post

Goldman Sachs’ oil revival

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13. July 2009

Goldman Sachs’ oil revival

7-13-09 by dugan Investment bank Goldman Sachs is about to report an eye-popping profit increase, leaving the rest of the economy in the dust. That should remind us of Goldman’s key role in the energy-price bubble that brought us $4.11 a gallon gasoline last summer, and brought Goldman a black-gold rush of profits. It’s a […]

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News Clipping

Gas Down, But Not By Enough

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10. July 2009

Gas Pump Glug, Glug Is 15¢ Less Per Gallon — For Investors, Oil Stocks Lose Sheen BY Laura Stevens, ARKANSAS DEMOCRAT-GAZETTE July 10, 2009 Gasoline prices have dropped 15 cents in the past 20 days and are heading lower. In Arkansas, a gallon of regular averaged $2.438, AAA reported Thursday. But according to gasbuddy.com, a […]

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Blog Post

Walk the walk on speculation

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7. July 2009

Walk the walk on speculation

Gary Gensler made news today by repeating some earlier pledges to get speculative oil markets under control. He has to act soon. If oil prices can hit $70 a barrel in this economy, they’ll shoot back up to $140 a barrel, with $4-a-gallon gasoline, at the slightest encouragement.

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Blog Post

Coal: Save me, kill the planet

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7. July 2009

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Coal: Save me, kill the planet

7-7-09 by dugan   The big energy bill produced by the House of Representatives is jammed with billions of dollars of concessions to the U.S. coal industry, pinned to the promise that coal-burning industries will, over the next decade, capture and store coal’s abundant planet-warming emissions on full commercial scale. Now, with the battle moving […]

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Blog Post

How oil bucks lubed climate bill

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2. July 2009

How oil bucks lubed climate bill

7-2-09 by dugan   Here’s a great explanation, copublished by Greenwire and the New York Times online, of how the oil and energy industries steadily weakened the big climate change bill in Congress, and why they expect even more energy-friendly goodies from the Senate. All it took was tens of millions of dollars worth of […]

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