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News Story
2/2/2008
Posted by Consumer Watchdog
Contra Costa Times (Walnut Creek, California) February 2, 2008 by George Avalos, Contra Costa Times Increased revenues from higher oil prices set annual record, dwarf setbacks in refining and service station operations Walnut Creek, CA -- Chevron Corp. powered to record profits in 2007 of more than $18 billion and higher profits for its fourth...
News Story
2/2/2008
Posted by Consumer Watchdog
Ventura County Star (California) February 2, 2008 by Jenni Mintz, Ventura County Star For years, oil companies have been cast as villains. That perception didn't change Friday when the two largest U.S. oil companies reported record profits -- again. Last year, ExxonMobil reaped more money than any U.S. corporation has ever made, while consumers...
News Story
2/1/2008
Posted by Consumer Watchdog
CNNMoney.com February 1, 2008 by David Ellis, CNNMoney.com staff writer ExxonMobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company, boosted in large part by soaring crude prices. Exxon, the world's largest publicly traded oil company, said fourth-quarter net income rose 14% to $11.66 billion, or...
News Release
1/31/2008
Posted by Consumer Watchdog
Yearly Profits of Oil Industry Will Nearly Equal Treasury Cost of Federal Economic Stimulus Package Santa Monica, CA -- The record run of 2007 oil profits, which came as the U.S. economy slid into recession and consumer debt soared, portrays an industry run amok, said the Foundation for Taxpayer and Consumer Rights. Shell, world's second-largest...
News Story
1/25/2008
Posted by Consumer Watchdog
Mary Nielsen was angry. Not only had Pacific Gas & Electric overcharged the then-87-year-old Oakland resident $800, but in examining the bill, she also found hidden charges on the back. One month later, in October 2004, Nielsen got PG&E to refund her money. One year later, after she dispatched phone calls and letters to PG&E, the...
News Story
1/8/2008
Posted by Consumer Watchdog
Private vs. public energy at center of discussion When gusts from a massive storm knocked out power across much of the north state, two power agencies had their lights on faster than anyone else. Redding Electric Utility and Trinity Public Utility District in Weaverville both had power restored on the day of the storm, while privately owned power...
News Release
1/17/2002
Posted by Consumer Watchdog
New Study Assesses Causes, Costs of California Energy Crisis Click here to download the report in PDF format. Santa Monica, CA. --The Foundation for Taxpayer and Consumer Rights (FTCR) issued the first comprehensive review of the California energy crisis today, exactly one year after the first rolling blackouts hit California. Using government...