Energy

Expect Record Gasoline Prices By Spring

February 14, 2008  ·  Consumer Watchdog

<div class="postDetail"> Gasoline prices, already up 72 cents a gallon over a year ago, are poised to go higher -- possibly shattering records. <div id="postContent"> <p> The federal Energy Information Administration on...</p> </div> </div>

“Real, for real politician”

February 8, 2008  ·  Consumer Watchdog

The governor tried to don his outsider mantle today when he chastised the legislature for trying to hold onto power by extending their terms with Prop 93. Voters kicked the bums out after an unproductive, if not devastating, legislative year and...

British Petroleum Sees Lower Profits than Other Oil Companies

February 7, 2008  ·  Consumer Watchdog

Despite lower profits, BP is seeing rise in stock price. <p> BP is often considered the least successful of Big Oil companies. It had the lowest profits of the major Big Oil companies last quarter. Indeed, with a $3 billion profit, it...</p>

Exxon Sets Profit Record: $40.6 Billion Last Year

February 2, 2008  ·  Consumer Watchdog

<div class="postDetail"> <p style="font-size: 11px"> <span style="font-weight: bold">The New York Times</span><br/> February 2, 2008 </p> <p style="font-size: 10px"> by JAD MOUAWAD </p> <div id="postContent"> <p> By...</p> </div> </div>

Exxon Sets Profit Record: $40.6 Billion Last Year

February 2, 2008  ·  Consumer Watchdog

<p class="source">The New York Times</p> <p>The backlash against the oil industry, which has periodically intensified as gasoline prices have risen in recent years, was predictably swift on Friday. One advocacy group, the Foundation for Taxpayer and Consumer Rights, called the profits ''unjustifiable.'' Some politicians said Congress should rescind the tax breaks awarded two years ago to encourage oil companies to increase their investments in the United States and raise domestic production. </p>

Chevron posts record $18.7 billion profit

February 2, 2008  ·  Consumer Watchdog

<div class="postDetail"> <p style="font-size: 11px"> <span style="font-weight: bold">The San Francisco Chronicle</span><br/> February 2, 2008 </p> <p style="font-size: 10px"> by David R. Baker, Chronicle Staff Writer </p> ...</div>

Chevron posts record $18.7 billion profit

February 2, 2008  ·  Consumer Watchdog

<p class="source">The San Francisco Chronicle</p> <p>Consumer advocates, meanwhile, argue that drivers are spending far too much. Regular gasoline now costs an average of $2.99 per gallon nationwide, 83 cents more than it did a year ago. "The major oil companies' incredible profits, boosted by multi-billion-dollar tax subsidies to the industry, are ultimately clobbering taxpayers," said Judy Dugan, research director for the Foundation for Taxpayer and Consumer Rights.</p>

Exxon and Chevron both see profits soar

February 2, 2008  ·  Consumer Watchdog

<div class="postDetail"> <p style="font-size: 11px"> <span style="font-weight: bold">Los Angeles Times</span><br/> February 2, 2008 </p> <p style="font-size: 10px"> by Elizabeth Douglass, Times Staff Writer </p> ...</div>

Exxon and Chevron both see profits soar

February 2, 2008  ·  Consumer Watchdog

<p class="source">Los Angeles Times</p> <p>Exxon's and Chevron's big profits "come at the cost of an economy tipping into recession," said Judy Dugan, research director for the Foundation for Taxpayer and Consumer Rights in Santa Monica. "While Exxon makes the largest corporate profit by any corporation ever, families pay $60 and more for a gas station fill-up." </p>

Chevron powers to profitable 2007

February 2, 2008  ·  Consumer Watchdog

<div class="postDetail"> <p style="font-size: 11px"> <span style="font-weight: bold">Contra Costa Times (Walnut Creek, California)</span><br/> February 2, 2008 </p> <p style="font-size: 10px"> by George Avalos, Contra Costa Times...</p> </div>

Chevron powers to profitable 2007: Increased revenues from higher oil prices set annual record, dwarf setbacks in refining and service station operations

February 2, 2008  ·  Consumer Watchdog

<p class="source">Contra Costa Times (Walnut Creek, California)</p> <p>Chevron's profits provoked criticism from the Foundation for Taxpayer and Consumer Rights, a watchdog group. Judy Dugan, a research director for the Santa Monica-based foundation, said Chevron's profits are cold comfort for motorists who often pay more than $3 a gallon for gasoline in costly markets such as the Bay Area. "Consumers should be furious about these record profits," Dugan said. "They are still struggling to pay 50 bucks, 60 bucks for a fill-up. People in colder climates are paying practically double for their necessary heating oil."</p>

Consumers boil over oil profits

February 2, 2008  ·  Judy Dugan

<div class="postDetail"> <p style="font-size: 11px"> <span style="font-weight: bold">Ventura County Star (California)</span><br/> February 2, 2008 </p> <p style="font-size: 10px"> by Jenni Mintz, Ventura County Star </p> ...</div>