Tag Archive | "instability"
Chevron’s torture(d) lawyer
03-31-09 by dugan Corporate arrogance leads to corporate blindness: AIG execs who packaged impossible risk into AAA securities, bankers who lent trillions on a bet that the real estate bubble would never pop. In Chevron’s case, it’s a CEO who hired one of the Bush administration’s chief torture-enablers as the company’s top legal adviser and [...]
Continue reading...Chevron slides, for now
Tuesday, December 2, 2008
12-2-08 by dugan It’s no surprise that a federal jury in San Francisco acquitted Chevron in the shooting of Nigerian protestors aboard a Chevron rig a decade ago. As I noted earlier, conditions 10 years ago in Nigeria were a lot different than today. The rise of armed rebel gangs that terrorized the Niger Delta [...]
Continue reading...Chevron’s moral liabilities
Wednesday, November 26, 2008
11-26-08 by dugan A jury in San Francisco is deliberating whether Chevron is liable for a shooting spree by Chevron-paid Nigerian troops against protesters aboard an oil platform a decade ago. No matter what the decision, this case and others of oil companies behaving as their own governments threaten not just on corporate treasuries, but [...]
Continue reading...Stevens, the biggest fish
Monday, October 27, 2008
10-27-08 by dugan Alaska’s big oil producers should be quivering a little after Sen. Ted Stevens’ conviction for lying about big gifts from an oilfield company. Here’s the connection: Bill Allen, the oilfield company executive who lavished free construction work, furniture and even sculptures on Sen. Stevens, headed a profitable but not huge oilfield services [...]
Continue reading...Panic in the oil business
Thursday, October 16, 2008
10-16-08 by dugan As the price of oil dropped today to less than $70 a barrel (that would be $1.67 a barrel), the industry was in a panic. OPEC, the Prmarily Middle Eastern oil cartel, was calling an emergency meeting to cut production. The major oil companies fretted that dropping prices would undermine the [...]
Continue reading...Who’ll protect Iraqi oil?
Tuesday, October 14, 2008
10-14-08 by dugan How far on the hook will the American military be for the the protection of U.S. oil companies and shipping lanes? That’s a live question again, as companies including ExxonMobil, Chevron, Shell and BP negotiate with the Iraqi oil minister, Hussain al Shahristani, during semi-secret talks in London. Iraq’s cabinet is defying [...]
Continue reading...Pump prices oughta be lower
Friday, October 10, 2008
10-9-08 by dugan When oil prices dropped to under $78 a barrel today, I asked our friend Insider to take a look at why gasoline prices are going down so much more slowly than the price of crude oil. After all, since its peak in July of $145 a barrel, crude oil is down more [...]
Continue reading...Sliver of silver lining
Monday, September 29, 2008
9-29-08 by dugan The price of oil fell today by a slightly higher percentage than the Dow’s 7%, dropping $10 a barrel to $96. Of course, there’s another way to look at it–if that pattern continued, and the Dow fell to 8,000, crude oil would be about $70 a barrel. Crude was at $70 just [...]
Continue reading...Las Vegas, clean-style
Tuesday, August 19, 2008
8-19-08 by dugan Here in Vegas, the temperature outside is low 100s, but I can crank the hotel room down to 60 degrees–true energy-sucking extravagance. But the cabbies and doormen, when I ask how to get to the University of Las Vegas, all ask if I’m going to "the conference"–The National Clean Energy Summit. The [...]
Continue reading...Gold medal in greenwash
Sunday, August 17, 2008
8-17-08 by dugan Watching ExxonMobil’s ad blitz on NBC during the Olympics, you’d think it was a company dedicated to teaching science, mentoring young engineers and eradicating malaria in the Third World. At an estimated $750,000 per 30-second spot, its 2.5 minutes of ads on Day 1 cost $3.75 million. At that pace the full [...]
Continue reading...OMG! Joel Stein is right?
Friday, August 8, 2008
I can’t believe I want to quote semisatirical LA Times columnist Joel Stein–just ask my friends and former colleagues. But his "What’s so Bad About Foreign Oil" column today is about 70% right, Especially these two paragraphs: If the candidates wanted to be independent from all oil, I’d embrace that green goal. But they only [...]
Continue reading...Corn, memory, energy policy
Friday, August 8, 2008
8-8-08 by dugan So what’s the price of corn these days? A little above $5.00 a bushel. It’s down about 28%, even more than the 21% drop in the price of crude oil (from over $145 a barrel to $115 after another big drop today.) Both are still way above a year ago, but the [...]
Continue reading...Fever breaking?
Wednesday, August 6, 2008
8-6-08 by dugan The drop in the price of oil, now at under $119, feels like a fever breaking. Iran’s saber-rattling, Nigerian gangs, Chinese demand, the weak dollar — all still exist, but as the sweat cools they are no longer "reasons" for crude oil to reach $145 a barrel. Today’s surprise report of falling [...]
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- "Gas Pain" At Pump and Smokestack
- Study: Texas-Based Valero Gouging California Drivers For A Decade
- Why Is Gasoline Price Staying High?
- Taking on Koch Industries in Times Sq.
- Absolute Gasoline Price Record in 2011?
- Earl Richards: The oil corporations are similiar to a public util...
- panamalaw: Thanks for every other informative blog. Where el...
- Online Romance: I'm so very much happy for this cool blog article....
- Rob: I was not addressing speculation. I was addressing...
- Judy Dugan: Here is an authoritative study by Houston's James ...
Tuesday, March 31, 2009
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