Archive | September, 2009

News Clipping

Why CA Pays More For Gas

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24. September 2009

Why CA Pays More For Gas

Why Californians Are Paying Even More For Gas By David R. Baker, THE SAN FRANCISCO CHRONICLE September 24, 2009 Californians usually pay more for gasoline than do other Americans. But not this much more. A gallon of regular now costs, on average, $3.14 in the Golden State. The national average is $2.54, according to the [...]

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Cracks in the Armor of Denial

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23. September 2009

Cracks in the Armor of Denial

09-23-09 by dugan   Pacific Gas and Electric Co.’s departure from the national Chamber of Commerce is a strong message, one that more middle-of-the-road corporations ought to hear. The Chamber, claiming to represent all of U.S. business, still denies global warming and seeks to undercut the authority of the Environmental Protection Agency. PG&E, California’s largest [...]

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One less den of sex ‘n drugs

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16. September 2009

One less den of sex ‘n drugs

09-16-09 by dugan   It’s hard to even keep track of the sex scandals–was that a governor or a senator? Which state? But one of the best of last year was in the even more boring Interior Department–the sex, cocaine and corruption-fest at the federal oil Royalty-In-Kind program. An investigation found that employees ran wild [...]

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Goldman Sachs’ oil-rig loophole

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10. September 2009

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Goldman Sachs’ oil-rig loophole

09-10-09 by dugan   Who knew that investment giant Goldman Sachs was in the oil business? I’m picturing top execs earning their tens-of-millions bonuses in hard hats and oil-streaked yellow overalls. The news is part of an otherwise depressing Wall Street Journal story on how hard, and successfully, the financial industry is lobbying against regulations [...]

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Did Chevron run a sting?

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3. September 2009

Did Chevron run a sting?

09-03-09 by dugan   Maybe it’s just my cynical nature, but Chevron’s "smoking gun" video alleging corruption in Ecuador has its fishy points. Chevron has gotten some media on a charge that a video it obtained implicates the judge in a big civil case against Chevron in a bribery scandal, but even the Wall Street [...]

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More oil, yes. Cheaper? Nope.

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3. September 2009

More oil, yes. Cheaper? Nope.

9-3-09 by dugan     If an oil giant finds a "giant" oil discovery, do oil prices respond with a sharp drop? Nope, because oil prices aren’t following anything except the stock market. BP trumpeted a big find in the Gulf of Mexico this week, and oil markets responded by staying about as flat as [...]

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News Clipping

Oil Speculators On The Run

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2. September 2009

Oil Speculators On The Run

Oil Speculators On The Run Government may clamp down on banks, funds and others that don’t actually use crude. But will new rules bring down prices? By Steve Hargreaves, CNNMONEY.COM September 2, 2009 NEW YORK, NY — Last year Andrew Hall, the head of Citigroup’s energy trading unit, made over $100 million, making him one [...]

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