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oil companies

Energy Quote of the Day: ‘We Will Create Our Own Oil Company’

April 19, 2014 by Jared Anderson

Oil Industry Changes

The changing global oil refining picture has seen several mid-range to large companies spin off their downstream operations in recent years, but the trend has yet to travel up the food chain to the world’s largest oil companies, despite pressure from investors to do so.[read more]

Beginning of the End? Oil Companies Cut Back on Spending

February 26, 2014 by Gail Tverberg
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Oil Company Spending

Steve Kopits recently gave a presentation explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat. Major oil companies are finding their profits squeezed, and have recently announced plans to sell off part of their assets.[read more]

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Busting Big Oil Myths, Part IV: Gas Prices

June 14, 2013 by Geoff Cooper
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Big Oil Prices

Ethanol's ability to extend the gasoline supply and displace costly petroleum-derived octane sources has resulted in real savings at the pump for the nation's consumers.[read more]

Oil Companies Invest in Fossil Fuels Fifty Times More Than In Alternatives

December 14, 2011 by Simon Mui

Trend would be shifted with California’s Low Carbon Fuel Standard NRDC has long supported efforts by companies to invest in cleaner technologies. We have started tracking oil industry investments in renewable fuels such as advanced biofuels, down to the company level. In a new analysis, NRDC compares those investments to traditional...[read more]

T. Boone Terrorism: Droughts Pit Natural Gas Industry Against Texans

July 1, 2011 by Jonathan Smith
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Speaking of less water, Travis Waldron has a fine observation on irresponsible action by fossil fuel companies, specifically drillers using Billions of Gallons of Potable Water for fracking. Where? In Drought-Stricken Texas, of course.[read more]

Breaking Down Gas Prices for Whoopi Goldberg

April 28, 2011 by Robert Rapier

 Introducing the “Energy Ticker” There has been a lot of important energy news this week; in fact so much that I could hardly hope to cover it all. Due to the volume of new energy stories every day, we at Consumer Energy Report have instituted a new feature designed to keep readers up to date on recent important energy-related news...[read more]

Eliminating tax subsidies for oil companies

May 16, 2010 by Joseph Romm
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President Obama’s 2011 budget proposes to eliminate nine different tax expenditures that primarily benefit oil and gas companies. Cutting these special tax deductions, preferences, and credits would save the government about $45 billion over the next 10 years.  CAP’s Sima Gandhi has the story in this repost: CAP has previously...[read more]

A Lost Litigation Opportunity

March 18, 2009 by Robert Rapier
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While the so-called 'hot gas' issue has been discussed here several times before, there are new developments out in California that have Oil Watchdog and the $295/hr lawyer behind this 'consumer organization' crying over lost litigation opportunities. Given the time, effort, and money they have put into this issue, the events described...[read more]

More Calls for Nationalization

June 22, 2008 by Robert Rapier
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As I have been saying, expect more of this:That's pretty scary, but not unexpected. As oil prices continue to rise, governments will make desperate moves that will probably worsen the situation. Can you imagine the U.S. government running the refinery system?Thanks to The Oil Drum for highlighting this, as well as the previous O'Reilly...[read more]

You can’t be too rich or too dirty

June 9, 2008 by Joseph Romm

Rich and thin is passé. What’s hot now is rich and dirty. Why is a smart energy and climate policy so elusive for this country? In three words — money, money, money. The nation’s energy bill is now about a trillion dollars. That means the super-rich fossil fuel companies have enormous profits they can spend on lobbying to ensure their...[read more]