Oil & Gas Prices

On Thursday, ABC News took global warming hysteria to a new level.After Chris Cuomo and Bob Woodruff previewed an upcoming environmental scare piece on "Good Morning America" as previously reported by my colleague Scott Whitlock, an article was posted at the network's website asking (emphasis added throughout):Are we living in the last century of our civilization? Is it possible that all of our…

U.S. corn futures topped out at record highs on June 11 on the news that the impact of flooding in the Midwest would hurt this year's corn crop, but the June 11 "CBS Evening News" left out one significant detail in its reporting about the crisis. "[A]gricultural disaster aid has been requested for Iowa, Illinois, Wisconsin and Michigan," CBS correspondent Cynthia Bowers said on the June 11 "…

CNN continued to harp about "big oil’s" record profits and the Democrats’ proposed windfall taxes on companies like ExxonMobil on Wednesday. In an interview of Kansas Senator Sam Brownback on "American Morning," co-host John Roberts was amazed over the Republican’s opposition to the tax proposal. "There were a couple of other provisions in this bill. One of them were to roll back the $17 billion…

Last week I noted how Time.com posted an unscientific poll on its Web site asking readers to vote whether "gas and heating oil [should] be rationed until prices come down." At the time I lamented that it "serves to further the MSM's fear-mongering about the economy while banging its left-wing drum beat about oil and gas prices." Today the magazine's Web site is asking another gas price question…

CNN’s Wolf Blitzer pressed McCain campaign adviser Carly Fiorina about oil companies "awash in record profits" on Tuesday’s "The Situation Room." The CNN host used ExxonMobil as an example five different times in his questioning. "...ExxonMobil has got these billions and billions of dollars in record profits. They can afford to not necessarily get additional tax cuts."After Fiorina outlined…

The three broadcast network evening newscasts on Tuesday framed coverage, of a Democratic Senate plan to somehow lower gas prices by imposing a “windfall profits” tax on oil companies which they would just pass on to consumers, around how Republicans “blocked” the effort. No one cast any doubt on the presumption the oil companies are earning “windfall” and/or “excessive” profits. Fill-in NBC…

"Republicans Block Taxes on Big Oil Profits" blares the teaser headline on the front page of CBSNews.com. Under a graphic of the Capitol dome and a fuel gauge nearing empty, the caption reads "Senate GOP Stops Dems' Effort To Rein In Profits Of Largest Oil Companies As Gas Prices Soar."That's a lot of bias packed into 24 words, and that's before the reader gets to the actual article. Notice the…

Today's dramatic $6-a-barrel spike in oil has been blamed on a couple of factors - a forecast by Morgan Stanley (NYSE:MS) claiming oil would hit $150 a barrel by July and a weakening dollar off news unemployment increased half a percent for the month of May. But CNBC contributor John Kilduff, who is also the vice president of risk management for MF Global (NYSE:MF), told viewers on the June 6…

High gas prices strike again, says the "CBS Evening News." The June 3 "Evening News" blamed surging gas prices and General Motors reluctance to produce "more fuel-efficient vehicles" for closure of several plants, including one in Janesville, Wisc. "It's not just here and it's not just GM. Since 2005, the big three - GM, Ford and Chrysler - have had 70 plants and supplier shutdowns with a…

In a hard economic times story by NBC's Kevin Tibbles on Monday's "Today" show there was a not-so-subliminal pro-Obama message on display as several times pro-Obama signs found their way into the background. Reporting on the increased traffic to pawn shops by the desperate to make ends meet in the "rocky economy," Tibbles, didn't mention Obama by name but the Illinois senator's name or image…

Matching predictions from Reuters and Bloomberg, the government's Bureau of Economic Analysis told us this morning that the economy grew at an upwardly-revised annualized rate of 0.9%. As I've said frequently, this is nowhere near acceptable. But it sure as heck isn't a recession.Initial reaction to the news by the Associated Press's Jeannine Aversa was unfortunately predictable (bolds are mine…

On Wednesday’s CBS "Early Show" co-host Julie Chen introduced a segment on rising gas prices and what people are doing to ease the cost: "This morning in our series 'Running on Empty' the news gets worse about gas prices. They jumped 15 cents in one week to a national average of $3.94 a gallon, according to the Energy Department. That is a record price. And it's forcing some drivers to take…