The people have spoken! With 69% of the vote, the U.S. government officially gets the gas face!!!!
The government has encouraged “big oil” in so many ways. Some interesting tidbits include…
Failing to adequately support alternative energy sources with much needed funding. According to Joseph Romm, former Director of the Office of Energy Efficiency and Renewable Energy, “the budget […]
Have you ever received one of those “boycott the gas station” e-mails? In the aftermath of Hurricane Katrina, gas prices shot up and I got my first e-mail with the subject line “FW: Don’t get gas from ExxonMobil.” Soon after, I received “Don’t buy gasoline on 9/1/05.”
I was irritated by the high prices but, unfortunately neither […]
ExxonMobil, ChevronTexaco, BP Amoco just to name a few. We’ve all seen the record profits as of late, but does that make them most deserving of the gas face?
No doubt, the price of oil makes the largest contribution to the gas prices we see at the pumps. But, many transactions are involved in the process of converting oil to gas.
Oil companies produce and sell crude […]
Our next Gas Face Nominee: The Organization of Petroleum Exporting Countries.
OPEC was created in 1960, primarily to unify and protect the interests of oil-producing countries. In a nutshell, western oil companies wanted cheap oil, so some producing nations united to assure fair compensation for their product.
OPEC currently has thirteen member nations which hold over 2/3 of the world’s oil reserves and […]
This is the only group on our list of nominees that actually gets the gas face on the regular (no pun intended!).
Not because they are so deserving of it but because they are such an easy target. Imagine working at a full service station right now. There’s no escaping the gas face there!
At current price levels, many people assume that owning a […]
On my most recent trips to the gas station I have made it a point to turn away from the pump. I have no desire to watch the price meter run up to $55 for a tank of low-grade gas. Turning away from the pump has allowed me to look at what other motorists are doing. Much […]
This week the Fed reported that credit card debt rose 6.7% in the first quarter of this year to $957.2 billion. No surprise there.
This comes on the heels of news that several discount retailers posted solid sales increases in the first quarter while many higher-end retailers suffered losses. People are definitely looking for bargains and whether the purchases […]
Stocks opened higher after several retailers posted surprisingly positive sales figures.
Wal-Mart reported a same store sales increase of 3.8 percent, while Costco reported an 8 percent increase. BJ’s Wholesale reported a huge increase of 17.8 percent. Wow.
It’s too bad the good fortune was not universal…Nordstrom, Limited Brands and the Gap saw same-store sales decline by 3.8, 5 and 6 percent respectively.
Is this discount […]
The Fed Funds target rate was cut by another 25 basis points yesterday, taking the rate from 2.25% down to 2%.
But, a lower Fed Funds rate doesn’t necessarily mean lower interest rates for all. This target rate adjusted by the Fed is a guideline for the rates charged between large banks, for large loans.
The rate which many consumer loans (i.e. […]
CNN recently found that 74% of Americans think the economy is in a recession. But, according to the technical definition of a recession, this is impossible. How can this be???
One widely accepted definition of a recession includes the observation of two quarters of declining growth (as measured by GDP). But, when it comes to a word […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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