oil companies

Should The Government Just Hi-jack The U.S. Oil Companies and Ta...

Sun, 24 Aug 2008 12:11:04 -0500

Big oil has hi-jacked the American consumer with high gas prices and record profits. Should our government just send out the military, take over ALL gas and oil production in the U.S., then redistribute the commodity at a reasonable price... where it should be?

As Oil Giants Lose Influence, Supply Drops

Mon, 18 Aug 2008 23:36:37 -0500

The major Western oil companies are finding it harder than ever to find new prospects even though they are awash in profits and eager to expand.

Total reports profit up 38 percent in 2nd quarter

Fri, 01 Aug 2008 07:09:51 -0500

The French energy company Total SA on Friday reported its profit climbed 38.7 percent in the second quarter, joining other oil companies in posting strong results as oil prices surged this past spring.

Uncle Sam And Oil

Thu, 19 Jun 2008 19:41:51 -0500

The U.S. Interior Department's royalty rate for deep-water drilling in the Gulf of Mexico is 18.75%-up from 12.5% two years ago.This move helped the government take in $7 billion in offshore royalties, rents and bonuses from oil companies drilling in U.S. waters last year.The government's take would undoubtedly increase......

ConocoPhillips 1Q profit up 17 pct on higher oil prices

Thu, 24 Apr 2008 14:53:38 -0500

Setting the tone expected for the world's big oil companies, ConocoPhillips said Thursday its first-quarter earnings benefited mightily from record crude prices to start the year, though those same high levels squeezed results at its refining operations.

Why isn't there more public outrage over the gas prices?

Fri, 11 Apr 2008 21:50:05 -0500

Much has been written about this problem, but it seems as though large groups of the general public either doesn't care or wants to defend the oil companies. Is it because they know they have been duped? Everyone wants to think they are smarter than that, but I think we have all been fooled. And it makes me a little angry.

Congress Has Big Questions for Big Oil

Tue, 01 Apr 2008 03:11:05 -0500

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.

Congress Presses Oil Execs on High Prices

Tue, 01 Apr 2008 03:11:05 -0500

Top executives of the five biggest U.S. oil companies were pressed Tuesday to explain the soaring fuel prices amid huge industry profits and why they weren't investing more to develop renewable energy source such as wind and solar.

Oil Chiefs Say High Prices Not Our Fault

Tue, 01 Apr 2008 03:11:05 -0500

Don't blame us, oil industry chiefs told a skeptical Congress. Top executives of the country's five biggest oil companies said Tuesday they know record fuel prices are hurting people, but they argued it's not their fault and their huge profits are in line with other industries.