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News Release
8/1/2008
CONTACT CONTACT: Judy Dugan (cell) 213-280-0175; or John Simpson, (cell) 310-292-1902
Chevron Data Shows Industry Lag in Producing New Oil from U.S. Source -- Lower Production Shows Failure of Investment, Not Lack of Oil, Says Watchdog   Santa Monica, CA -- Chevron Corp. reaped another record quarterly profit of $6 billion dollars, despite producing less oil than projected, and losing money on its refining of oil into gasoline...
News Release
7/31/2008
CONTACT CONTACT: Judy Dugan, 310-392-0522 ext. 305, or cell 213-280-0175
Exxon’s ‘Biggest Profit in the World’ Is Actually Bigger -- $8 Billion in Unproductive Share Buybacks Should be Counted, Says Group Shell, No. 2 Oil Co., Also Hits New Record, But Hoards Less   Santa Monica, CA -- ExxonMobil announced the biggest quarterly corporate profit in history today, despite producing less oil and...
News Release
7/29/2008
CONTACT CONTACT: Judy Dugan, 310-392-0522 ext. 305, or cell: 213-280-0175
New Quarterly Records Show Oil Companies 'Spiting the Future For the Sake of Cash in Hand'   Santa Monica, CA -- BP, the third-largest of the major private oil companies, saw its profits leap by $2 billion in the 2nd quarter, at the expense of the staggering U.S. economy and consumers worldwide, said Consumer Watchdog. Its quarterly record $9...
News Release
7/23/2008
CONTACT CONTACT: Judy Dugan, 310-392-0522, ext. 305; or cell 213-280-0175
2nd Quarter Report Shows Industry Still Buying Its Own Stock, Not Investing Record Profits in New Oil or Renewables, Says Consumer Watchdog; Congress Must Act   Santa Monica, CA -- ConocoPhillips is the smallest of the Big Five Oil companies, but it made an enormous leap in revenues and profits in the 2nd quarter as the U.S. economy and...
News Release
7/2/2008
CONTACT CONTACT: Judy Dugan 310-392-0522 x305 or cell 213-280-0175; or Jamie Court x327
Report Shows How Oil Companies Shorted the Market and Made It Happen   Santa Monica, CA -- Oil companies put the brakes on the U.S. economy this spring by manipulating the supply of diesel fuel and spiking the price, according to a new study commissioned by Consumer Watchdog. The detailed report shows that oil companies and their refiners...
News Release
6/23/2008
CONTACT CONTACT: Judy Dugan, 310-392-0522, ext. 305; or cell, 213-280-0175
New Legislation Aims at Taming Energy Markets; Consumer Watchdog Decries Likely Lack of Senate, White House Support Santa Monica, CA -- U.S. Gasoline prices and crude oil markets were stuck near record highs again Monday as Consumer Watchdog continued a campaign to have consumers send their gasoline bills to Congress to spur action.  ...
News Release
6/19/2008
CONTACT CONTACT: Judy Dugan, 310-392-0522, x305, or 213-280-0175; or Jamie Court, x327
Group Offers Drivers Opportunity to Send ‘Dose of Reality’ to Lawmakers and White House and Demand Action Now, Not Next Year   Santa Monica, CA -- Consumer Watchdog, using an innovative Web-based form, today launched a nationwide campaign to help drivers get the attention of Washington’s elected officials, who rarely have to...
News Release
6/6/2008
CONTACT Contact: Judy Dugan, 310 392-0522, ext. 305, or cell 213 280-0175
Price Spike Follows Self-Serving Prediction of $150 a Barrel, Israeli Threat Against Iran; U.S. Government Must Speed Market Regulation Santa Monica, CA -- The price of crude oil jumped $11 a barrel on Friday to $138, mostly on the ginning up of news that has nothing to do with current supply and demand, said Consumer Watchdog. The spike followed...
News Release
6/2/2008
CONTACT CONTACT: Judy Dugan, 310-392-0522, ext. 305, or cell: 213-280-0175
Government Must Speed Market Regulation, Says Consumer Watchdog; Group Calls for Stiffer Oil Trading Rules and Oversight of Refineries   Santa Monica, CA -- The national average price for gasoline rose another four cents this week to $3.97 a gallon for regular, even as oil prices stayed at about $8 a barrel below the top prices hit last month...
News Release
5/29/2008
CONTACT CONTACT: Judy Dugan, 310-392-0522 x305, cell 213-280-0175; or John Simpson x317
Group Calls for FBI, Justice Department Participation, Public Support by Bush Santa Monica, CA -- The announcement that federal regulators are investigating possible price manipulation in oil futures markets is a welcome indication that the Bush administration accepts the possibility of manipulation in $130 oil prices, said Consumer Watchdog....