Big Oil

This is the short of it folks and why should the oil companies who have enjoyed record profits on the backs of working people and poor of this country not have to pay a little out of their loot? The argument my friends is simply this; The GOP answered back simply this; It would ultimately hurt us the average Americans, somehow they figure that taxing record profits on big oil would hurt us.One of

Senate Republicans blocked a proposal today that would tax the windfall profits of the country’s largest oil companies. The GOP put together 43 votes, which left the Democrats 9 votes short of what they needed to break a filibuster and bring the proposal to a vote. Democrats had urged Congress to pass the bill, with [...]

In the week leading up to Memorial Day —the start of the so-called "summer driving season" —Congress took the opportunity to air America's grievances over high gas prices with executives from Exxon Mobil, Chevron, Shell, BP, and ConocoPhillips. On Wednesday, as oil prices hit the low $130 range, Senate Democrats grilled the five major oil companies about rising prices and record profits. On Th

It really bugs me everytime I hear someone complain about gas prices and the first thing out of their mouth is "These oil companies are making record profits by gouging the little people!" Really? Is that where the blame actually lies? I don't think so. People think that companies like Exxon set the per barrel price of oil. This is not the case. Oil is traded as a commodity. The price of oil is se

- Scott Miller In what can only be described as Stalinist-style show trial, our esteemed Senators saw fit to haul executives of 5 major oil companies before the Senate, again, to “explain their profits”. This from the AP:  WASHINGTON - On a day oil prices leaped to unheard-of highs, senators lined up Big Oil’s biggest executives and [...]

By Cal Thomas on Townhall.com With gas prices topping four dollars a gallon in some regions of the country, now may not be the best time to say something positive about “big oil,” but here goes anyway.Where is it written that the cost for a product or service should be frozen in place and in time, [...]

BP (BP) and Shell produced out-sized profits for the first quarter. BP earnings rose to $7.62 billion from $4.66 billion. Over at Shell the numbers were up to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

In a certain frame of mind.I was wondering about the really rich guys high up in the food chain with million/billion dollar stakes in the Oil industry.I realized that if you're living in a selfish mindset, then it makes perfect sense to extend the reign of oil and pollution as long as possible.Similarly, it makes sense to slice and dice the rain forests for whatever profit they're worth.What about the world? Isn't there the risk of doing damage?Yes, but someone high up is probably wealthy enough to pay for the creation of their own little world. Pay for irrigation, air conditioning, generators... Who cares about everyone else? Let them go sit in the air conditioned movie theaters.Like I said, the selfish mindset seems to justify those types of actions.But what doesn't make sense to me

In a certain frame of mind. I was wondering about the really rich guys high up in the food chain with million/billion dollar stakes in the Oil industry. I realized that if you’re living in a selfish mindset, then it makes perfect sense to extend the reign of oil and pollution as long as possible. Similarly, it makes [...]

By AP/H. JOSEF HEBERT (WASHINGTON) — Big Oil is once again being called on the carpet. Senior executives of the five largest U.S. oil companies were to appear before a congressional committee Tuesday where they were likely to find frustrated lawmakers in no mood for small talk. “These companies are defending billions of federal subsidies … [...]

(Rep. Markey - “I know exactly this much about anything I open my yap about”) I’m back from my business trip to FL, and ready to get back to exposing the libs as the anti-American, anti-capitalist, anti-progress, anti-life hypocrites they are.   What a spectacle we saw this week… the socialist libs in congress got their jollies hauling the CEOs of the [...]

WASHINGTON (AP) — Top executives of the five biggest U.S. oil companies said Tuesday they know high fuel prices are hurting consumers, but deflected any blame and argued their profits — $123 billion last year — were in line with other industries. “On April Fool’s Day, the biggest joke of all is being played on American [...]

How many times have you heard this about the soaring cost of energy lately? “It’s all Big Oil’s fault.” On Monday, MarketWatch’s Peter Brimelow talked about the investment newsletter Outstanding Investments, which is currently the fourth-best performing letter over the past 12 months according to the Hulbert Financial Digest (up 45.06%) and which [...]

In case you wanted to win arguments with your liberal friends, the American Petroleum Institute just published a ton of third-party objective charts with all the data you would ever want to know about Big Oil. Here is the link Special thanks to Jane Van Ryan. Click the Headline Link to Visit Copious Dissent and Read the Full Story.

Summary: "You'd credit it was Texas. Dusty roads junket the scrubland gainful oil tanks and warehouses. Beefy sexuality conclave oil since burritos at lunch. Like grazing herds, oil wells submerge nonstop amid the tumbleweed -- or even into the asphalt of a parking lot.That's why the copy sounded ergo unwarranted here in California's inferior San Joaquin Valley, where petroleum has gushed up additional coinage than the whole gold rush. Why would Shell Oil Co. simply close its Bakersfield refinery? Why scrap a profit maker?The announcement seemed to begin no sense. Yet it was true.The mission says it could motivate more connections on incomparable projects. It denies it deliberate to doubt the market, as its critics would claim, to drive up gasoline profits at its other refineries in the re

If you're interested in some real journalism, and would like to read a really great article that manages to deal with Exxon, Bush, McCain, the US Supreme Court, taxes, tort reform, and many other things we should all be concerned with, you have to read the latest article from probably our nation's best reporter, Greg Palast: Exxon suxx. McCain duxx. No, this is not the common kind of "

If you're interested in some real journalism, and would like to read a really great article that manages to deal with Exxon, Bush, McCain, the US Supreme Court, taxes, tort reform, and many other things we should all be concerned with, you have to read the latest article from probably our nation's best reporter, Greg Palast: Exxon suxx. McCain duxx. No, this is not the common kind of "

Recently Fox aired the first part to "The Simpsons'" "Who Shot Mr. Burns" cliffhanger saga. It obviously forces Mr. Burns down an aggressive and dangerous path merely for the sake of the plot, but his actions do seem in accord with the forces behind Big Oil.First he steals oil from the elementary school, and then he blocks the sun. That way, everybody is dependent on his energy.Sure, Mr. Burns is a Nuclear Power supplier, but he wants to keep everybody under his thumb. I've heard about sabotage behind the development of the electric car, and it seems like parallel forces to what Mr. Burns displays are and have been at work in reality. It's a shame.

If He Is Protecting Our Nation, Then Who Will Protect Big Oil, Our Children? is an EP by indie rock band of Montreal. Originally self-released by the band as a tour-only CD, it was later released commercially.

According to a story in The New York Times,several large oil exporters, including Mexico, may begin importing oil within the next five years. Growth of auto... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

New-found optimism over the health of the economy and the recovery from an oil pipeline blast stoked buying, but natural gas and oil services shares were little changed even after a refining margin upgrade at Bank of America. The Amex Oil Index (XOI:1,429.64, +13.80, +1.0%) rose 1% to end at 1,430 points. Repsol SA (REP:36.87, +0.30, +0.8%) added less than 1% at $36.87, Valero (VLO:65.10, +1.37, +2.2%) jumped 2.2% to close at $65.10 and Hess Oil (HES:71.22, +1.66, +2.4%) tacked on 2.4% to $71.22. The Amex Natural Gas Index (XNG:539.56, -1.30, -0.2%) fell 0.2% to finish at 540 points. The Philadelphia Oil Services Index dipped 0.6% to 284 points. Meanwhile, Crude fell $2.30 to end at $88.71 ahead of an OPEC meeting next week. ConocoPhillips (COP:80.04, +1.22, +1.6%) rose 1.6% to $80.04 after the company submitted a

Some on Wall St. are concerned that, as the price of oil reaches closer to $100, Big Oil will not do as well as the rising price of crude would indicate. That... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

In case you have missed it, the oil majors are quietly investing in the renewable fuel sector. ConocoPhillips (COP) has made the largest foray with it partnership with Tyson Foods(TSN) to produce biodiesel from chicken fat and a recently announced deal with Archer Daniels Midland (ADM) to produce fuel from biomass (farm waste) Exxon (XOM), while publicly downplaying and almost mocking the role of biofuels for years is currently funding research at Stanford University Marathon Oil (MRO) has... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Have you ever wondered who owns Big Oil?When you think of "Big Oil," who owns the stock?What percentage is owned by the corporate executives?80%?60%?50%?No, the answer is 1.5%!!Guess who really owns "Big Oil."41% is owned by pension plans and retirement accounts. So when liberals in the MSM tell you that average Americans do not have an interest in "Big Oil" and stocks, they are flat-out wrong.43% is owned by Mutual funds - small investors owned by you and me.For more information see. http://energytomorrow.org/Related EditorialsEnergy Independent: Solutions Limousine Liberals Don't Want You to HearLies About Big OilGlobal Warming InsanityLatest Liberal Guilt Trip: Humans Are Using Too Much Solar EnergyRoyal Dutch Shell Will Drill in the Arctic off the Coast of Alaska this Year

Oil stocks traded mixed Wednesday as Wall Street weighed bullishness on major oil conglomerates but cast a worried eye on some shares from the oil services sector. A pullback in crude-oil and gasoline prices and a raft of broker downgrades that hit several big names in the oil services group weighed on parts of the sector.The Amex Oil Index (XOI :1,475.10, +5.60, +0.4% ) rose fractionally to 1,470. The Amex Natural Gas Index fell less than 0.1% to 510.79. Oil services shares fall into the redThe Philadelphia Oil Service Index ($OSX :270.54, -1.32, -0.5% ) gave up 0.7% after Merrill Lynch and Capital One trimmed earnings outlooks for much of the group in the wake of foul weather in the Gulf of Mexico region. GlobalSantaFe (GSF : 72.78, -1.05, -1.4% ) was leading decliners, down 2.4%, with the rest of the group showing losses of at least 1%. Capital One said t

Oil stocks traded mixed Wednesday as Wall Street weighed bullishness on major oil conglomerates but cast a worried eye on some shares from the oil services sector. A pullback in crude-oil and gasoline prices and a raft of broker downgrades that hit several big names in the oil services group weighed on parts of the sector.The Amex Oil Index (XOI :1,475.10, +5.60, +0.4% ) rose fractionally to 1,470. The Amex Natural Gas Index fell less than 0.1% to 510.79. Oil services shares fall into the redThe Philadelphia Oil Service Index ($OSX :270.54, -1.32, -0.5% ) gave up 0.7% after Merrill Lynch and Capital One trimmed earnings outlooks for much of the group in the wake of foul weather in the Gulf of Mexico region. GlobalSantaFe (GSF : 72.78, -1.05, -1.4% ) was leading decliners, down 2.4%, with the rest of the group showing losses of at least 1%. Capital One said t

For those of you who have followed my Quiggleme.com blog I apologize for my lack of posting over the last month or so.  There was good cause though.  After over twenty years in the mortgage industry I have decided to pursue another opportunity - namely, the production and distribution of one hundred percent biodiesel. While I [...]

The hypocrisy of Hillary Clinton knows no bounds. I really don't need to even say anything as a prelude to this story. Nobody is even surprised anymore at the deceit and lies on the part of Hillary. Watch the video too. ~RJH Gateway Pundit story link After Bashing Big Oil... Hillary Sells BP & Exxon Mobil Stock This is what Hillary Clinton had to say on redistributing oil profits back in February:(35 seconds)Hillary told the DNC Winter meeting in February: "I want to take those profits, and I want to put them into a strategic energy fund." After bashing the oil companies on their evil profits, this week Hillary sold her stock in BP Amoco , Exxon Mobil, FOX News and Walmart:Bill and Hillary Rodham Clinton liquidated the contents of their blind trust upon learning it contained investments of $5 million to $25 million that could pose conflicts of interest or prove to be embarrassing to her presidential campaign...The blind trust held stock in pharmaceutical companies, inclu

The mainstream media continues to beat the drum that profits, especially those generated by AMERICAN Oil Companies, are in some way immoral and obscene.This company line is far from reality however:-High prices are the market telling us that something needs to be done. High prices are signaling that we need more capacity. Consumers understand that energy efficiency is important; automakers understand that energy efficiency is important; refinery operators are getting this signal.-Price Gauging by "Big Oil" is a complete myth perpetuated by the mainstream media. Congressional investigation after congressional investigation has revealed no evidence of so called "price gauging." Does it make sense that the nation's most regulated industry could possibly engage in anticompetitive pricing?-Many in the media claim the oil Industry is defined by collusive pricing and anti competitive behavior. This is a lie. The gasoline market in the United States is highly competitive. In fact, the market

At least five international energy companies submitted bids on Sunday for a giant sour gas project in the United Arab Emirates that could be have a price tag as high as $10 billion. The project is...

Stocks: (XOM)(CVX)(COP) The US Government surrendered without lifting a finger. Its case that Chevron underpaid for use of federal land to pump gas in the Gulf of Mexico was dropped. Oil and gas companies are mandated to pay part of their sales for product brought out of land owned by the government. But, the calculations are fuzzy. Big oil stands to add to its profits if the feds don't push for a higher rate of royalty. What's it worth? Perhaps several hundred million dollars. But, it is a small gift. With falling oil prices, it will not make up from the likely drop in profits at Big Oil. Inventories are still rising. The fears that Saudi production could be hurt by terrorists is receding. And, OPEC's plan to cut production seems to have no teeth. Ah, for a little, tiny war. Not one in which anyone gets hurt, mind you. Or, a little coup d'etat. Just something to grab the headlines for a day or two. Of course, higher oil prices are not the only reason that Big Oil has had larger pr

Stocks: (XOM)(CVX)(COP)The US Government surrendered without lifting a finger. Its case that Chevron underpaid for use of federal land to pump gas in the Gulf of Mexico was dropped. Oil and gas companies are mandated to pay part of their sales for product brought out of land owned by the government. But, the calculations are fuzzy.Big oil stands to add to its profits if the feds don't push for a higher rate of royalty. What's it worth? Perhaps several hundred million dollars.But, it is a small gift. With falling oil prices, it will not make up from the likely drop in profits at Big Oil. Inventories are still rising. The fears that Saudi production could be hurt by terrorists is receding. And, OPEC's plan to cut production seems to have no teeth.Ah, for a little, tiny war. Not one in which anyone gets hurt, mind you. Or, a little coup d'etat. Just something to grab the headlines for a day or two.Of course, higher oil prices are not the only reason that Big Oil has had larger profit

Halliburton, the big oil field services company announced outstanding earnings for the third quarter. Net from continuing operations rose from $492 million in the quarter last year to $615 million in the most recent period.Halliburton is also spinning off its KBR construction unit in an IPO that should value the company at about $10 billion. It does sound like good news that just gets better. Halliburton's results were driven by the needs of the big oil companies to find more of the black gold and the company was rewarded with better earnings.So, why then is HAL's stock trading at just above $29 on a 52-week high/low of $41.99/$26.33. Could it be $59 a barrel oil? It's a trick question, but the answer is probably "yes". If so, the price of some of Halliburton's largest customers might be about to come down as well.Shares of Exxon and Chevron trade very near their 12-month highs. It may not make a great deal of sense for one of the largest suppliers of services to big oil to

Scientists offered cash to dispute climate study: Big Oil continues it's march to evilness and deception. From the article, "Scientists and economists have been offered $10,000 each by a lobby group funded by one of the world's largest oil companies to undermine a major climate change report due to be published today."Click here for complete article.Click here to read about Exxon's record profits.

Right after taking control of the House of Representatives, Speaker of the House Nancy Pelosi formed a panel to look into global warming. Now she's locked in a battle with House Energy and Commerce Committee Chairman John Dingell over proposed CAFE standards, seeking to preserve a rapid rise in the new requirements. Domestic automakers haven't hidden their opposition to Pelosi's plan. Cerberus' Stephen Feinberg claims her approach would raise Chrysler's vehicle prices by $7K apiece. GM Car Czar Maximum Bob Lutz estimates it would cost GM $8K per vehicle. They're all predicting that drastic increases in CAFE would cripple or kill the U.S. auto industry. The result: cutbacks, layoffs and bankruptcies throughout industry. Thousands of industrial workers would lose their jobs. People who belong to labor unions. Labor unions that contributed to Nancy Pelosi's election fund, to the tune of $63K in 2006. In fact, according to Freedom Works, Pelosi ranks ninth over

When it comes to the debate over proposed increases in U.S. Corporate Average Fuel Economy (CAFE) standards, rational argument takes a back seat to politics as usual, as this article in Pennsylvania's Patriot News illustrates. Hometown rep Todd Platts, lead Republican is lead on a bill raising federal mandated fuel efficiency by 40 percent (to 35 miles per gallon) by 2018. Platts: "The auto industry, as it does today, said it was impossible-- it would compromise safety, choice. Obviously, history has proven that their statements were untruthful and technology did allow the advances." The opposition (a.k.a. "one industry lobbyist"): "Under this bill, in wanting to make the U.S. more like Europe, every American would be driving a Toyota Corolla. I don't think most Americans want that." Will Platt compromise with the forces of evil? Sure! "We believe there is technology that would allow you to go beyond 35, but we also know that given the special