Oil & Gas Prices

For the third time in less then a month, CNN has aired a report investigating the connection between falling gas prices and the GOP’s fortunes in the looming fall election. This time, "American Morning" reporter Ali Velshi looked into the conspiracy theory that oil companies are trying to help Republicans by dropping prices. Co-Anchor Soledad O’Brien teased the report this way: Soledad O'Brien: "…

For NewsBusters types, the question has always been whether Meredith Vieira would be as liberal as her Today show predecessor, Katie Couric. As of this morning, we have our answer. Yesterday, Hugo Chavez stood on the world stage and called the President of the United States a "devil" and claimed the speakers platform still stunk from his presence. Today, Meredith Vieira went on national TV and …

In a clear attempt to throw cold water on the potential positive economic impact of falling energy prices, an Associated Press article yesterday got sloppy with the credentials of those it sought out for quotes. It also conveyed a false impression that all of those quoted were not impressed with what falling energy prices might do for the economy.Here is the headline and first paragraph of the…

I didn’t believe it when I saw it, nor did I believe a NewsBusters member when he/she referred to it in our comments section. But, there it was in USA Today: “Gas Price Decline May Spur Inflation.” Can’t be, right? After all, even if you’re not an economist, you are intelligent enough to realize that inflation is typically caused by higher energy prices. Such was certainly the case in the ’70s,…

Remember last year at this time when you couldn’t turn on your television set without coming across a story on rising gasoline prices? Well, a year later, gas is now $2.50 a gallon, down 50 cents in just one month, twenty-nine cents lower than last year, and the broadcast network news programs couldn’t care less. As reported by Reuters Monday:The freefall in U.S. gasoline prices continued as the…

In a September 15 report for "The Situation Room," CNN reporter Bill Schneider wondered if the current decrease in gas prices has been timed to help Republicans in the midterm elections. He ominously asked: Schneider: "The drop in prices may last a couple of months, long enough to get through the November election. Could that be what the oil companies want?"Does this mean that high prices in the…