Archive | October, 2009
Blog Post
Oil profits shouldn’t ‘recover’
Posted by Judy Dugan
10-30-09 by dugan Why is it that media reports on oil company profits only compare them to the previous quarter and the previous year? This week’s third-quarter profit reports for Exxon, Shell, Chevron and friends showed profits down by half or more from last year’s pigs-at-the-trough delirium. Less than $5 billion for Exxon! Less [...]
Blog Post
Good-news rumor on CA refinery
Posted by Judy Dugan
21. October 2009
10-21-08 by dugan With oil prices going through the roof again (near $82 a barrel today), the economy is deeply at risk. But oil refineries are looking like better investments, because gasoline prices will follow. A business publication in India is reporting that the largest Indian oil refiner is thinking of buying several refineries, [...]
Blog Post
Exxon: Litigate ’til Hell freezes
Posted by Judy Dugan
19. October 2009
10-19-09 by dugan It’s good news that ExxonMobil lost a big court case today in New York, where a judge ordered it to pay $105 million for contamination of drinking water with a now-banned gasoline additive. The bad news is, in Exxon-world, it’s better to pay $110 million on endless legal delay than admit [...]
Blog Post
A Yogi Berra moment in oil prices
Posted by Judy Dugan
16. October 2009
10-16-09 by dugan Oil prices hit another record for the year today, at over $78 dollars for each 42-gallon barrel in futures markets. That’s well over double the late 2008 low of 32 dollars a barrel. Here are the reasons given in various news stories: Dropping dollar, threats to Nigerian oil fields, a jump [...]
- "Gas Pain" At Pump and Smokestack
- Study: Texas-Based Valero Gouging California Drivers For A Decade
- Why Is Gasoline Price Staying High?
- Wall Street Oil Speculators Hurt Families, U.S. Economy
- Taking on Koch Industries in Times Sq.
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30. October 2009