Oil & Gas Prices

Those of us that study the economy and how it is reported by the drive-by media are constantly amazed by how those covering financial issues continually misrepresent statistics to advance their agenda. No finer recent example has occurred than on “The Chris Matthews Show” Sunday when the host bemoaned new highs set by the Dow Jones Industrial Average last week as not accurately reflecting what is…

A common theme in the media the past couple of years has been that the world is running out of oil, and that energy prices will do nothing but head higher for the rest of time. Well, a University of Washington economic geologist issued a statement on Thursday not only refuting such contentions, but also claiming that we will never fully deplete the earth’s supply of black gold:If you think the…

Although a Monday CBS Evening News story included a soundbite from an expert dismissing the idea as “preposterous,” the newscast treated a far-left conspiracy theory -- about how the Bush administration is somehow manipulating the pump price for gas to help in the election -- as credible and worthy enough to deserve a broadcast network story. Citing how the price of a gallon of gas has fallen to…

It appears that OPEC member states are worrying about the slumping price of oil. Venezuela and Nigeria have already cut back on production a bit but there's talk of an emergency meeting soon.But so far, not a peep from the broadcast media. See my article at BusinessandMedia.org.And don't hold your breath for CNN's Jack Cafferty to see a Democratic conspiracy to hike oil prices in time for the…