Tag Archive | "shareholder-accountability"
Exxon 1st Qtr Profit More Normal
Exxon Profit at 2003-04 Levels ‘Shows What Normal Looks Like,’ Says Consumer Group Santa Monica, CA — Exxon Mobil’s first quarter profit of $4.55 billion dollars is small only by comparison to the last six years of nearly continuous profit records, said Consumer Watchdog. Its first quarter profit is more than $1 billion above what [...]
Continue reading...Chevron’s torture(d) lawyer
Tuesday, March 31, 2009
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...Exxon & Chevron’s Record Profits
Friday, January 30, 2009
Energy Prices That Deepened Recession Drive Exxon, Chevron to Yearly Profit Records, Says Watchdog Oil Giants Cling to Cash Hoards and Trim Output, Setting Trigger for Next Price Spike Santa Monica, CA — Consumers left deeper in debt by 2008’s record price gyrations for gasoline and heating oil now find that their money landed in [...]
Continue reading...Shell’s 4th Qtr Profit Or Loss?
Thursday, January 29, 2009
Shell Oil: Is It Profit or Loss? Paper Losses Blur Hard-Cash Record Profits in Industry Oil Production and Gasoline Refining Cuts Increase Odds of Future Price Spikes, Says Watchdog Santa Monica, CA — Shell’s 4th quarter loss of $2.8 billion, based on the lower value of its oil inventory, turns into a $4.8 billion quarterly [...]
Continue reading...Conoco’s 4th Qtr Loss
Wednesday, January 28, 2009
Conoco’s Loss: Consumer Group Sees Trend of Major Oil Companies Waiting Out Recession, Not Investing for Recovery Corporate Cutbacks Now Likely to Generate Price Spikes Later As Economy Tries to Recover Santa Monica, CA — Conoco Phillips’ CEO today deflected questions on the company’s layoff plans, investment cutbacks and refineries, saying the company was hunkering [...]
Continue reading...Oil profits: Watch the other hand
Monday, January 26, 2009
1-26-09 by dugan The major oil companies will be reporting their 4th quarter 2008 and annual profits this week, and here’s a safe prediction: They’ll lean on the drop in their 4th quarter profits as the price of oil tumbled, glossing over the fact that most or all of them will reap another year of [...]
Continue reading...Anything to boost oil’s price
Thursday, January 15, 2009
1-15-09 by dugan There are tanker ships loaded with cheap crude oil just floating around the oceans waiting for the price to go up, says a report today by Clifford Krauss of the New York Times. There’s more oil filling every available storage tank on land. The story of hoarded oil is fascinating, but the [...]
Continue reading...Why Gas Rises While Oil Drops
Thursday, January 15, 2009
Meltdown 101: Why Gas Prices Rise While Oil Drops By John Porretto, ASSOCIATED PRESS January 15, 2009 HOUSTON, TX — You may do a double-take as you pass your local gas station. Chances are, the price you pay at the pump has jumped markedly in the past couple of weeks, even as crude prices have [...]
Continue reading...Energy market piracy
Wednesday, January 14, 2009
1/14/09 by dugan Here’s a truly watchable explanation of how speculative money took over energy markets in 2008 and helped ruin the world economy. Solutions are included, thanks to CBS 60 minutes and Consumer Watchdog’s fellow members of the Commodity Markets Oversight Coalition. If the video is slow to start, click straight to the CBS [...]
Continue reading...Oil platforms are forever
Monday, December 29, 2008
12-29-08 by dugan With a new administration a few weeks from office, and Gov. Arnold Schwarzenegger in opposition, the likelihood of new offshore oil rigs popping up along the California coast may seem slim. But never underestimate the lobbying power of oil. The San Francisco Chronicle today offers a chilling overview of how much coastal [...]
Continue reading...Amtrak model for Big 3?
Wednesday, December 3, 2008
12-3-08 by dugan Michael Moore’s been wrapped up for the last several years with failing health care, the failed Bush Administration and the war in Iraq. But the author/moviemaker’s enduring fascination is Detroit iron. He even drives–and hates–a Chrysler. His take today in the Huffington Post on (not) bailing out the Big 3 automakers is [...]
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...What Exxon owes us ‘sissies’
Monday, November 17, 2008
11-17-08 by dugan Sitting inside the wreckage of the rest of the U.S. economy, Exxon Corp. beams with fiscal health. It is protected by its insular, petroleum-only culture, as described in a long NY Times Magazine piece Sunday by Jad Mouawad headlined "Green Is For Sissies". In Exxon’s view, the world’s largest corporation exists only [...]
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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.
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Thursday, April 30, 2009
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