The climate crisis of the 21st century has been caused largely by just 90 companies, which between them produced nearly two-thirds of the greenhouse gas emissions generated since the dawning of the industrial age, new research suggests.
California, we have a fuel problem.
Over the past two years, California gas prices have continued to soar, sparking some of the highest prices in the nation.
Oil companies are quick to point the finger at supply and demand, oil markets or the state’s clean air laws as causes for recent spikes, but don’t be fooled. These reasons merely serve as smokescreens to a much larger problem facing consumers at the pump – potential price manipulation.
However, for those concerned about gasoline following the oil price spike over the past few days, there’s possible relief in sight.
By Charlie Feder
Monday, July 29, 2013
Summer is under way, with its barbecues, parades, beach trips – and higher gas prices. And Angelenos recently found themselves paying a dizzying 11 cents more for every gallon – in an area that already ranks among the top five in the nation for high gas prices.
As a business owner who operates an all-natural gas fleet, we will avoid the fluctuations of summer gas prices, but our customers will feel the impacts.
Meanwhile, with $44 billion in profits last year, the oil companies’ grip on the industry affects our personal savings and business operations, and the nation’s economy. To be sure, gas prices rise and fall for many reasons, but one dangerous constant is that here in California, in particular, large oil companies are increasingly consolidated, reducing competition and generating concerns that consumers have ever-fewer defenses.
By Mark Drajem
June 23, 2013
As Congress considers scaling back or abolishing U.S. rules that mandate the use of renewable fuels, it has the full-throated support of the petroleum industry — with one major exception.
BP, one of the world’s biggest oil companies by revenue, is part of a joint venture with DuPont that is set to start producing a new alternative fuel by the end of the year. In order to preserve a market for that fuel, its officials are busy in Washington trying to persuade lawmakers that the current system doesn’t need an overhaul.
An independent panel of scientific experts today reaffirmed that an oil industry association’s study of California’s landmark clean energy law (AB32), in particular the Low Carbon Fuel Standard, was flawed on a number of fronts, saying it did not “include a full accounting of the economic impacts, or the health and welfare impacts of the legislation on the broader population and economy of the state,” such as “positive effects on the health and welfare of the citizens of California that could result from the implementation of AB32.”
For awhile it looked like the oil giants were seriously diversifying into renewable energy, but that’s coming to an end.
BP dropped its long-standing solar and wind divisions, Shell focuses on how wind energy can assist fossil fuel extraction, and Exxon and Chevron have pulled back from biofuels.
Think you are being ripped off at the gas pump?
One California lawmaker wants to give the public a place to contact with complaints of price manipulation or other shenanigans.
Sen. Mark Leno (D-San Francisco) has proposed creation of an Office of Fuel Price Investigation and Manipulation Prevention at the California Energy Commission.
Leno said the new office would develop anti-fuel price manipulation standards, investigate potential incidents of illegal activity and recommend ways to reduce the volatility of gas prices in California, which last year saw some stations charge $5 per gallon.
If you’re like most people, you probably think about your food budget at least a little bit. Most likely, you try to find the best value at the grocery store, perhaps by clipping coupons or sticking to on-sale items, and limiting dining out or choosing restaurants carefully. After all, if you dined out every night at a $100-a-person restaurant you may discover very quickly that you’re going broke just trying to “fuel” yourself with food.
In unveiling his $3.8 trillion spending plan for the U.S. government on Wednesday, President Barack Obama revived his longstanding attack on oil industry tax breaks and formally launched a plan to pay for alternative vehicle research with drilling dollars.
While the tax plans are dead on arrival on Capitol Hill — where lawmakers have rejected similar proposals many times before — they drew outrage from oil and gas industry leaders who said Obama was seeking to use the sector as a piggy bank.
At this point, we can only assume that Exxon Mobil is tring its hand at a slapstick comedy routine: just as it was scrambling to clean up the Arkansas town it just dumped oil all over, it slipped and spilled a bunch of hazardous chemicals in Louisiana. Reporters could neither confirm nor deny the presence of an ensuing sad trombone sound.