Archive | April, 2011

Blog Post

Chevron Witness Pay: Is It Really Hush Money?

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18. April 2011

Chevron Witness Pay: Is It Really Hush Money?

Chevron’s army of lawyers isn’t its only weapon in staving off the demand of Ecuadoran peasants that the company clean up its toxic drilling mess in the Amazon. Chevron is also happy to use deception, secret video and dirty tricksters. The problem with tricksters, however, is that it can be hard to keep them in the fold, and they can be so darned greedy. Consider the tale of secret videotaper Diego Borja, and the “expense money”of at least $169,000 that Chevron has heaped on him since August 2009.

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Is There a ‘Gashole’ in Your Tank?

18. April 2011

Is There a ‘Gashole’ in Your Tank?

The price of gasoline is up a dollar in the last year to $3.83 a gallon nationally. Good time to see a strange, funny, disturbing documentary called “Gashole” about how this happens. Who knew that Congressional hearings featuring oil company CEOS could be simultaneously hilarious and horrifiying? Or that “Reefer Madness” provides a clue to how oil companies distract us from the real issues?

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Blog Post

$4.00 Gas: It’s Not Just the Oil Price

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12. April 2011

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$4.00 Gas: It’s Not Just the Oil Price

Oil companies are making a fortune off of drivers with oil at $109 a barrel (which comes to $2.60 a gallon at 42 gallons per barrel). But they’re getting rich a second time refining the oil into gasoline.

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News Clipping

Gas Prices Keep Soaring As U.S. Fuels Other Countries’ Growth

By , THE PROGRESS INDEX (PETERSBURG, VA)

11. April 2011

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Gas Prices Keep Soaring As U.S. Fuels Other Countries’ Growth

California-based nonprofit, Consumer Watchdog, recently provided a clue to where the “missing” gasoline may have gone. Recently, Judy Dugan, a petroleum market commentator for Consumer Watchdog, noted that the shares of oil refiners jumped in price last month “on bets that Japan would soon have to import a lot more heating oil and gasoline because of refinery fires and quake/ tsunami damage.”

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$4.00 Gasoline: Let’s Bet Against the Future

5. April 2011

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$4.00 Gasoline: Let’s Bet Against the Future

Monday’s jump in oil prices to more than $108 a barrel, with the price of gasoline above $3.66 a gallon for regular ($4.06 in California), triggered a flood of news stories. But the dry, just-the-facts lead of the Bloomberg story caught my eye because one prediction driving speculation will crumble if the speculators win: Crude [...]

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