Oil & Gas Prices

New York Times Magazine published a rather fascinating article Sunday about the rise of nationalized oil throughout the world. Predictably, it initially came off as a love letter to Venezuela's Hugo Chavez and his new brand of oil socialism. Yet, if you dig deeper - unfortunately offshore deeper in a very lengthy piece - author Tina Rosenberg ended up rather dissatisfied with "petrocracy," and,…

The Pittsburgh Tribune-Review recently published a story about Citgo gas stations in Pittsburgh finding a dip in gasoline sales. The piece sympathetically portrays Hugo Chavez, the America hating dictator of Venezuela, as a victim attacked by mean American boycotters even as they then claim at the end of the story that it isn't boycotters, but a down economy causing the dip (or maybe it isn't,…

For many months, NewsBusters has been warning readers that the hysteria being generated by the media and the Global Warmingist-in-Chief Al Gore concerning climate change would eventually begin to impact energy and economic policies. Following last Thursday's landmark decision in Kansas to not give an electricity producer a construction license for a coal-fired power plant due to global warming…

NewsBusters readers are well aware of the recent controversy involving Al Gore’s schlockumentary “An Inconvenient Truth.” A few weeks ago, a British judge cited nine errors in the film. Team Gore responded Thursday in a rebuttal published at the Washington Post’s Fact Checker blog. Now, famed climate change skeptic Christopher Monckton, in a detailed report published by the Science and…

On Thursday, for the first time in American history, a state denied an electricity producer a construction license for a coal-fired power plant due to manmade global warming fears. As ominously reported by the New York Times Saturday (emphasis added): The Kansas Department of Health and Environment on Thursday turned down a permit for twin 700-megawatt coal-fired generators that a group of…

Here's something you don't see every day on the front page of a major American newspaper: an article about how the rising demand for ethanol has sent corn and grain prices so high that it's resulted in more people around the world going hungry. Even more shocking: the article in question was on the front page of Saturday's New York Times. In a piece entitled "As Prices Soar, U.S. Food Aid…

It has been regularly reported by NewsBusters that media are doing everything in their power to withhold from the public the financial ramifications of global warming alarmism. Be it the marketing of totally useless carbon offsets, or proposals for additional taxes on consumers and corporations, press outlets have been seemingly coordinated in their silence regarding such matters. Another…

At the same time Alan Greenspan is out defending the Bush administration from the "no blood for oil" crowd, a man accused of illegally buying and selling oil from Saddam Hussein's Baathist regime is being put on trial.Looking at the case of Oscar Wyatt, one soon realizes that that Iraq war opponents were hardly the pure and innocent people that the media usually makes them out to be. The leadup…

It's fitting that now that he's left his post as chairman of the Federal Reserve, Alan Greenspan's words are being as closely scrutinized as they were back in his days at the Fed. Not carefully enough, though, it seems.Over the weekend, a media firestorm errupted after the Washington Post printed a news article claiming that in his memoirs, Greenspan said the ouster of the Saddam Hussein…