Oil Profits

Project FREE: The Next Apollo Program Both Candidates Should Embrace

Eric Greenberg and Karl Weber | Posted 08.28.2008 | Green

Read More: Oil Profits, Oil, Green Energy, Project Free, Alternative Energy, Hydrogen Power, Green News
Eric Greenberg and Karl Weber

The next administration should implement a massive national program to innovate the next generation of carbon-emission-free energy based on hydrogen, fusion, or other technologies.

Read Post

The October Surprise Shouldn't Come as One

Trey Ellis | Posted 08.15.2008 | Politics

Read More: John McCain, Kbr, Blackwater, Halliburton, Oil Profits, Chuck Hagel, Jim Webb, 2008 Election, War Profiteering, Barack Obama, Politics News
Trey Ellis

What will it be? A nod to Israel to bomb Iran? An American-engineered coup in Pakistan? Whatever it is, it is coming and if Obama intends to weather the dirty trick he will have to be prepared.

Read Post

More US Oil Drilling: A Boom for Big Oil, A Bust for Consumers

Mark Cooper | Posted 08.13.2008 | Green

Read More: Oil Profits, Oil Prices, Domestic Drilling, Oil, Gasoline Prices, Mark Cooper, Consumer Federation of America, Green News
Mark Cooper

More domestic drilling means more product for oil companies to sell at the high world market price. The consumer doesn't see a cent, while oil companies rake in even more cash.

Read Post

Big Oil Big on Profits, Small on American Values

Alan Rosenblatt | Posted 08.07.2008 | Green

Read More: Energy, Progressive Values, Big Oil, Climate, Oil Profits, Renewable Energy, Oil Prices, Climate Change, Progressive Movement, Oil Companies, Global Warming, Green News
Alan Rosenblatt

Until oil companies start acting like they are on the American team and help us reduce ALL oil consumption, I will be glad we have lots of grassroots advocacy campaigns to keep the pressure on them.

Read Post

Sierra Club RAW: John McCain, Big Oil's Bestie as Record Profits (and Campaign Cash) Roll In

Josh Dorner | Posted 08.05.2008 | Business

Read More: Energy, Gas Prices, John McCain, Big Oil, Exxon Mobil, Oil Profits, Obama, Sierra Club, Business News
Josh Dorner

After hitting a real gusher of campaign cash from Big Oil, what does McCain propose to do about high gas prices and obscene oil company profits? Why, he wants to give Big Oil a Texas-sized tax cut.

Read Post

Big Oil's biggest quarter ever: $51.5B in all

AP | JOHN PORRETTO | Posted 08.02.2008 | Business

Read More: Chevron, Big Oil, Oil Profits, Business News

HOUSTON — Oil giants Chevron Corp. and Total SA wrapped up a string of gargantuan, record-breaking earnings reports Friday, a stretch in which s...

Read Whole Story

Oil Profits Shatter Records

AP | JOHN PORRETTO | Posted 07.31.2008 | Business

Read More: Gas Profits, Oil Profits, Oil Prices, Exxon Oil Profits, Gas and Oil Profits, Business News

HOUSTON — Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest profit from operations ever by any U.S. cor...

Read Whole Story

Shell's Record Profit Fueled By High Oil Prices

AP | TOBY STERLING | Posted 07.31.2008 | Business

Read More: Oil, Gas Prices, Shell, Shell Oil, Oil Profits, Big Oil, Recession, Business News

AMSTERDAM, Netherlands — Royal Dutch Shell PLC reported a 33 percent jump in second-quarter profits Thursday, its biggest quarter ever at $11.6 ...

Read Whole Story

Oil Earnings Mixed On "Weak" Gasoline Margins

AP | JOHN PORRETTO | Posted 07.30.2008 | Business

Read More: Gas Prices, Oil Prices, Oil Earnings, Oil Profits, Bp, Valero, Business News

HOUSTON — The roiling global oil market continues to pick its winners and losers, as oil giant BP PLC reported a 28 percent rise in second-quart...

Read Whole Story

Jason Linkins

McCain Pushes Drilling: "Oil Executives Say...We Could Get Results From It" (VIDEO)

HuffingtonPost.com | Jason Linkins | Posted 07.22.2008 | Politics

Read More: Oil Profits, Oil Prices, John McCain, Mccain Oil Executives, Politics News

John McCain addressed a town hall meeting in Rochester, NY, today, and the line that everyone will be talking about, or would, if anyone in the media ...

Read Whole Story

Ferraris Not Good Enough Anymore: Oil Profits Inspire "Conspicuous Consumption"

Wall Street Journal | Margaret Coker | Posted 07.03.2008 | Business

Read More: Ferrari, Oil Windfall, Oil Prices, Oil Riches, Oil Profits, Consumption, United Arab Emirates, Business News

ABU DHABI, United Arab Emirates -- With oil near record highs, the Persian Gulf is awash in cash, stimulating a return to some very conspicuous consum...

Read Whole Story

Squeezed Dry

Max Fraad Wolff | Posted 07.02.2008 | Business

Read More: Politics News, Inflation, Economy, Wages, Middle Class, Oil Prices, Oil Profits, Fashion, Recession, Business News
Max Fraad Wolff

The long term massive substitution of technology-driven innovation, fueled with cheap wages and energy, may be at increasing risk. Rising energy costs are hard to substitute around.

Read Post

Oil CEOs: High Prices, Fat Paychecks

BusinessWeek | Moira Herbst | Posted 06.17.2008 | Business

Read More: Oil Prices, Oil Profits, Ceos, Windfall Profits, Oil Barons, Business News

As consumers around the world struggle to fill their gas tanks, captains of the oil industry are getting a raise. Starting with info provided by Capi...

Read Whole Story

Chevron's 1Q profit of $5.17B marks Big Oil's latest gusher

AP | MICHAEL LIEDTKE | Posted 05.04.2008 | Business

Read More: Chevron, Oil Profits, Oil Companies, Chevron Profits, Business News

SAN RAMON, Calif. — Astounding profits in the oil industry are becoming as routine as the anguished looks of motorists filling up their gas tank...

Read Whole Story

Obama Proposal May Levy $15B Tax On Oil Company Profits

Bloomberg | Daniel Whitten | Posted 05.01.2008 | Business

Read More: Obama Oil Profits, Oil Profits, Obama Oil Profits Tax, Oil Companies, Business News

Democratic presidential candidate Barack Obama's proposal for a windfall profits tax on oil companies could cost $15 billion a year at last year's pro...

Read Whole Story

Stolen Oil Profits "Money Pit" Of Iraq Insurgency

New York Times | RICHARD A. OPPEL Jr. | Posted 03.15.2008 | Politics

Read More: Iraq Oil Profits, Oil Profits, Iraq Insurgency and Oil Profits, Iraq Oil, Politics News

The Baiji refinery, with its distillation towers rising against the Hamrin Mountains, may be the most important industrial site in the Sunni Arab-domi...

Read Whole Story

Oil Profits Suggest Big Oil May Be Gauging Americans

AP | John Poretto | Posted 01.17.2008 | Business

Read More: Oil Prices, Fuel Costs, Gasoline, Oil Profits, Recession Fears, Recession, Big Oil Profits, Big Oil, Business News

Historic oil prices and $3-a-gallon gasoline have been contributing to fears of a recession, but they've yet to cause the hue and cry that some might ...

Read Whole Story