Oil & Gas Prices

Discuss, debate, pontificate. Name and town not needed if you wish to opine.Here's a topic to think about. Why do the media pay little if any attention to the role that the OPEC oil cartel plays in high oil prices, largely laying the blame at the feet of publicly-traded corporations that the media deride as "Big Oil"?

After a week of inaccurate reports about the “record high” price for gas when, adjusted for inflation, the price was still below the cost in March of 1981, on Monday night ABC, CBS, and NBC again touted a “record high” price, but at least NBC acknowledged it simply matched the real 1981 price, while CBS alluded to a 1981 comparison. With “Record Prices” on screen, CBS Evening News anchor Katie…

As Al Gore and his band of not so merry global warming alarmists in buses and in the press try to convince Americans that they need to alter behaviors in order to save the planet, an inconvenient truth is being cynically withheld: this is going to cost a lot of money.Of course, one of the delicious hypocrisies is that these are the same people who decry the current economic boom as only helping…

There was a summit between Russia’s Vladimir Putin and the leaders of the European Union on Friday that yielded as little results as it did attention from America’s media.One of the issues on the table was whether Russia is going to provide more energy resources to EU nations starved for such.Didn’t hear about this?Well, that’s not surprising, for in the midst of the media’s ongoing attempts to…

As gas prices are on a springtime upswing and the summer driving season is upon us, NewsBusters and the Media Research Center's Business & Media Institute have documented the media's persistent hype about gas prices.But if the media really want a story about an economy running on fumes, they need look no further than Zimbabwe, where socialistic thuggery has resulted in a starving nation…

Did you hear about the nineteen Democrats that sent a letter to Speaker Nancy Pelosi (D-California) and Majority Leader Steny Hoyer (D-Maryland) expressing concern that a global warming bill being discussed in the House could reduce energy supplies and raise prices?You didn’t? Want to know why?Well, because other than Environment & Energy Daily, nobody reported it. *****Critical Update:…

On Tuesday’s "Good Morning America," co-host Diane Sawyer and reporter Claire Shipman hyperbolically investigated "soaring" gas prices. After noting that oil companies have been publically presenting their explanations, she wondered, "But are they true? We put them to the truth test." Apparently, it's ABC that needs the "truth test." Diane Sawyer’s intro included this comment from Gulf Oil…

As another summer driving season approaches, media outlets cannot resist again hyping dire stories about the supposed “record high” price of a gallon of gas when, adjusted for inflation, the current $3.10 average for a gallon of regular unleaded gasoline is still lower than in 1981. ABC was out front Monday night with the fallacious reporting. World News anchor Charles Gibson teased up top, “…

Have you seen the picture on the right showing a Shell station in San Francisco with gas prices in excess of $4 per gallon? Well, there’s only one problem with it: this isn’t close to indicative of what gas prices are in the Bay Area. Not even close.Yet, the following was captioned next to this Associated Press picture at Yahoo Thursday (h/t NB reader Brian Mortimer, emphasis added):High gas…

A cartoon in the May 13 "Sunday Briefing" on page F2 of the Washington Post furthered a left-wing talking point against "Big Oil" that a comprehensive study by the Federal Trade Commission (FTC) debunked last year: that oil companies artificially manipulate gas prices by squeezing supply.A cartoon from the Newark Star-Ledger's Drew Sheneman depicts a man fueling his car asking a cigar-smoking "…