Archive | September, 2009
News Clipping
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 [...]
Blog Post
Cracks in the Armor of Denial
Posted by Judy Dugan
23. September 2009
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 [...]
Blog Post
One less den of sex ‘n drugs
Posted by Judy Dugan
16. September 2009
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 [...]
Blog Post
Goldman Sachs’ oil-rig loophole
Posted by Judy Dugan
10. September 2009
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 [...]
Blog Post
Did Chevron run a sting?
Posted by Judy Dugan
3. September 2009
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 [...]
Blog Post
More oil, yes. Cheaper? Nope.
Posted by Judy Dugan
3. September 2009
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 [...]
News Clipping
Oil Speculators On The Run
2. September 2009
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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24. September 2009