Oil & Gas Prices

Remember when everyone was warning of impending economic collapse from oil reaching that mystical mark of $100 a barrel? Over the past two months, it has been on the way according to the media. But as of December 3, the price of crude has decreased - not increased as predicted."Crude briefly cracked $90 a barrel for the first time and analysts say that will soon trickle down to the pump," Alexis…

Have you noticed the genie concerning the real modus operandi behind climate alarmism beginning to peek its head out of the bottle lately? After the United Nations announced earlier in the week that rich countries - code for America, of course - are going to have to pay billions of dollars to help poor nations deal with global warming, several international press outlets published articles of…

As climate alarmists around the world head to a tropical paradise on Bali next week to discuss how developed nations should pay to solve global warming, an inconvenient truth has emerged: many countries that are part of the Kyoto Protocol are going to dramatically overshoot their greenhouse gas (GHG) emissions limits. While it seems a metaphysical certitude that America's green media will…

*****Critical update at end of post: Yahoo switched articles inside the link about to be discussed!Was there a directive at the Associated Press on Friday for business writers to do their darnedest to bash the economy? After publishing a truly disgraceful column Saturday practically predicting a depression as a result of the current credit crunch, the AP offered readers an article about the…

Imagine seeing this prediction on your television screen: "Oil will hit $150 or $200 during this commodity bull market." Makes you want to stockpile oil while it is priced at $98 a barrel, but such was the case on CNBC today. Credit Billionaire Jim Rogers, described as a commodities guru and a founding partner with the infamous George Soros of the Quantum Fund in 1970. He told Maria Bartiromo…

The Oil Prices That Stole ChristmasOn Tuesday, "Good Morning America" reporter Bianna Golodryga hyperventilated about high gas prices and highlighted a man who alleged that the cost of fuel is keeping him from going to church and that it could ruin Christmas. Golodryga piled on, suggesting that some Americans would be forced to eat "cheaper foods" such as pasta and peanut butter instead of fruits…

It seems like every day, the media complain about high gas prices. But it is not often that you hear that someone was so angry about pump prices they sent a death threat to an oil CEO.According to CNN's November 15 "American Morning" Shell president John Hofmeister has not just gotten hate mail.“Pretty brave that you decided to do this, you know you were heading out on tour, you didn’t just get…

In one of the more hyperbolic segments to air on "Good Morning America," ABC reporter Bianna Golodryga fretted that November's unusually high gas prices could lead to poor health, less church and no Christmas. On Monday's program, Golodryga warned viewers that unnamed "reports" allege that "some people are foregoing routine visits to the doctor and are opting for cheaper foods, like pasta and…

NewsBusters has been reporting for the last several years that in the midst of the media's fascination with global warming alarmism, the financial ramifications of proposed solutions to this potentially nonexistent problem have been almost universally ignored. On Tuesday, the Washington Post boldly broke with such disingenuousness by publishing a shocking front page article entitled "Climate is…