Tag Archive | "conspiracy theory"
A Yogi Berra moment in oil prices
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 [...]
Continue reading...Goldman Sachs’ oil-rig loophole
Thursday, September 10, 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 [...]
Continue reading...Who’s killing the U.S. dollar?
Friday, August 28, 2009
08-28-09 by dugan Did you hear the one about how the Bush administration used the wrong calculations last year when it declared that it wasn’t financial speculation causing the huge oil spike price? It’s one of many newsworthy punchlines of a strong new study that describes how government handed our energy markets over to [...]
Continue reading...Economic recovery vs. oil
Friday, August 21, 2009
08-22-09 by dugan If a few slightly cheerful sentences from Fed Chairman Ben Bernanke can spike the price of oil to a record for the year, the economy is in serious trouble. There’s no real-world reason for a barrel of oil to cost $75, and every buck of increase in oil means renewed pain [...]
Continue reading...Nissan’s oil liberation car?
Monday, August 3, 2009
After the General Motors EV-1 got torn from owners’ hands and sent to the crusher, all-electric cars for the mass market seemed doomed. Even electric sports-car maker Tesla, of the $180,000 zoomer, priced its low-production 2009 sedan at $50,000 base–a price not in reach of most families I know. So here comes Nissan, zooming [...]
Continue reading...Big about-face on speculation
Tuesday, July 28, 2009
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 [...]
Continue reading...Hot fuel fix rises from the dead
Tuesday, July 21, 2009
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 [...]
Continue reading...Goldman Sachs’ oil revival
Monday, July 13, 2009
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 [...]
Continue reading...‘Biofueled’ electric cars? Not yet
Thursday, June 4, 2009
06-04-09 by dugan The best use of biofuels like ethanol is not in the tank, but in making electricity to fuel all-electric cars, says a new study in Science magazine (free abstract, subscription pdf). I expect that’s right from a pure science view, but practicality points to using biofuels directly in hybrid and plug-in hybrid [...]
Continue reading...Does Congress have the guts?
Tuesday, June 2, 2009
05-02-09 by dugan Oil companies have ruled in Washington for a couple of decades, paying lower federal fees than in any other developed country. There’s a shimmer of a hint that situation might change. CQ.com (subscription barrier) reports that a bill is floating around to raise the royalties paid for oil and gas leases [...]
Continue reading...Gas Up While Demand Down
Friday, May 22, 2009
‘Optimism’ Is Driving Energy Prices, Consumers Will Suffer The Memorial Day Hangover, Says Consumer Watchdog Oil, Gas Prices Rising Again At Record Clip For Holiday, Despite Oversupply, Low Demand, Says Group Washington, D.C. — The price of regular gasoline at the pump has shot up 30 cents a gallon nationally in the last month and [...]
Continue reading...Chevron’s disgraceful deceit
Wednesday, May 13, 2009
05-13-09 by dugan If you go to YouTube and search for "Chevron 60 Minutes," the first three results look like the image at left. Two of them are a real and tough "60 Minutes" report on Chevron’s liability for toxic pollution of the Ecuadorean Amazon by Texaco, which Chevron took over. The top search [...]
Continue reading...Biofuels’ bad rap needs do-over
Monday, April 20, 2009
04-20-09 by dugan The biofuel industry was robbed by the California Air Resources Board, says a letter today from scientists at the Sandia National Laboratories. The biofuels industry has been crying foul since the California Air Resources Board put out a study ranking current biofuels as equal to or maybe worse than petroleum in their [...]
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- Rob: I was not addressing speculation. I was addressing...
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Friday, October 16, 2009
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