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big oil

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    REPORT: BP finds big oil in Gulf of Mexico
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    Even during the recession, oil is hovering at around $70 per barrel. There are many reasons for elevated oil prices, such as emerging markets demanding more crude and market speculators. Perhaps the biggest reason of all, however, is that oil is just harder to come by, as all the obvious spots have ...

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    Gassed Up: Exxon Mobil posts record $45.2 billion profit in 2008
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    Another year, another record profit statement from Exxon Mobil, the world's largest publicly traded oil company. The specific mind-numbingly large figure is $45.2 billion, which translates to $8.69 per share. While this figure handily beats the previous record of $40.6 billion that had been set by ...

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    GM may not break up with Big Oil on TV after all
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    Well, that breakup didn't last long. It seems that GM is looking to get back together even before it parted ways with Big Oil. We wonder, however, just how apt Big Oil will be to take GM back. Remember, it was just the other day that the General decided to bolster its green credentials by ...

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    Hawaiian gas cap fails miserably
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    How do you commit political suicide? Why, institute a gas cap that costs your constituents $55 million more than it would have cost otherwise, of course. Hawaii governor Linda Lingle decided to sign a bill today that would stop the madness that is the Hawaii gas cap, which has put a limit ...

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    Chevron realizes 49 percent profit increase in first quarter
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    High gasoline prices have to be good for someone, and in news that will shock few, those fortunate men and women appear to work for Big Oil. Chevron, America's second largest oil company announced Friday that its first-quarter profits hit four billion dollars, a dramatic 49 percent increase over ...

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    People running out of gas in order to save some
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    Irony alert: California drivers have been hit so hard by the surge in gasoline prices that some are running out of gas -- on purpose -- and waiting for a tow truck to show up with some free go-juice courtesy their roadside assistance programs. In effect, they're running out of gas in order to ...

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    Auto industry and Big Oil trading blows
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    It would seem that if there are two parties who really shouldn't be playing the blame game regarding the world's energy problems: oil companies and auto manufacturers. That certainly hasn't stopped either from taking shots at each other in the media, however. Late last year, ExxonMobil ...

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