Oil & Gas Prices

ABC Showcases Hapless Woman Who Skips Breakfast to Afford Gas

By Brent Baker | May 13, 2008 - 21:09 ET

A week after ABC focused a story on two pitiable Minnesota families living in the dark because higher energy and food prices mean they “can no longer afford to pay for electricity,” Tuesday's World News highlighted the replies from sad case stories solicited on ABCNews.com, starting with a woman who says she must skip breakfast to put $4 a day toward gas. ABC displayed “FEELING THE PAIN” on screen as Charles Gibson set up the story that David Muir started by fretting about “the price of a gallon of gas jumping more than a dime in just the last week” -- which is a piddling $2 more to fill a 20-gallon tank. Nonetheless, he asserted “the e-mails we've received show the pain is being felt far and wide. Single mother Caroline Saunders wrote to us from New Jersey.” He read aloud from her e-mail with her quote on screen:

I now skip breakfast to save the extra $4 per day. That gives me an extra $20 added to my gas budget.

Muir proceeded to recite two less ridiculous complaints, a trucker upset about a 60 percent hike in diesel fuel over the past in two years and a woman who found a job that requires $110 a week in gas to commute 140 miles round trip.

Hannity Exposes Gore’s Connection to Ethanol and Higher Food Prices

By Noel Sheppard | May 13, 2008 - 14:29 ET

Since media began recognizing the international food crisis and its ties to biofuels, NewsBusters has been wondering when press members will expose how intricately linked Nobel Laureate Al Gore is to this controversial issue.

On Sunday, Fox News's Sean Hannity finally did just that.

In a segment on "Hannity's America," the host addressed much of what NewsBusters has been reporting for the past several months about this matter, and established a template that hopefully others in the media will emulate if they are indeed interested in helping to solve this growing problem (video embedded right):

USA Today Joins CNN, ABC in Inflating Gas Prices on Websites

By Ken Shepherd | May 13, 2008 - 11:19 ET

Screenshot of USAToday.com from morning of 5/13/2008 | NewsBusters.orgABCNews.com did it last week, CNN.com in April. Today, it's USAToday.com's turn.

"Average gas prices set record at $3.72 a gallon" reads the teaser headline on the USAToday.com Web site. Yet the photo (by Justin Sullivan, Getty Images) accompanying the teaser on the front page shows a gas marquee with gasoline at $4.09-a-gallon.

That's a media markup of 9.9 percent.

Global Warming Doomsayer Sees End of Civilization

By Mark Finkelstein | May 11, 2008 - 13:14 ET

If there were a Society of Global Warming Alarmists, Bill McKibben might get kicked out for being too much of a worry wart . . .

You've probably seen those phone-message forms with check boxes in ascending order of urgency from "FYI—no need to return call" all the way up to "the future of civilization hangs in the balance." We might see that last category as light-hearted exaggeration, but it's no laughing matter to McKibben. In his jeremiad in today's LA Times literally entitled "Civilization's last chance," McKibben solemnly declares that "the world looks a little terminal right now" and "it isn't morning in America, it's dusk on planet Earth." OK. Just so long as it's nothing serious.

McKibben's lament is based in important part on a paper that James Hansen and several co-authors have submitted to Science magazine which concludes that "if humanity wishes to preserve a planet similar to that on which civilization developed and to which life on Earth is adapted, paleoclimate evidence and ongoing climate change suggest that CO2 will need to be reduced from its current 385 ppm to at most 350 ppm."

MSNBC: Man Avoids 'Sky High Gas Prices' by Riding Horse

By Paul Detrick | May 9, 2008 - 16:15 ET

Gas prices got you down? Ride a horse, says MSNBC.

On a "MSNBC Live," report on "sky high gas prices" anchor Tamron Hall relayed the story of one man who is using a horse rather than a vehicle, but did not explain some important reasons why prices have soared.

"The high prices have led ... one Tennessee man to find a more fuel efficient way to get around town in Bradley County: The guy is riding a horse," Hall said on the May 9 broadcast. "It is cheaper to maintain a horse than it is to fill up a gas tank. He says that it costs $150 to $200 a month to ride and feed that pony."

More Fuzzy Gas Math, This Time from the Boston Globe

By Ken Shepherd | May 8, 2008 - 18:16 ET

On April 28 I noted what I argued was a case of fuzzy gas math on the part of a Washington Post reporter who uncritically relayed the gas price woes of a Raleigh, N.C., high school senior. Today blogger William Schaeffer, also a NewsBusters fan, pointed out a recent case of a suspicious gas budget claim, this time as reported in the Boston Globe. Schaeffer blogged about it here.

The May 6 Globe story, by reporter Jenn Abelson, kicked off with the lament of Dodge Ram owner Douglas Chrystall, who, Abelson noted, had just paid "$75 to fill his black Dodge Ram pickup truck for the third time in a week."

But after looking up the average gas price in Boston and the fuel economy of a Dodge Ram, Schaeffer crunched the numbers and estimated that Chrystall would have to be "driving around 961 miles a week" or nearly "50,000 miles a year."

"[B]asically the story from the Boston Globe is that consumers that drive over three times the yearly national average are facing a financial burden," Schaeffer concluded, adding sarcastically, "sounds like NEWS to me."

Another Day, Another Snapshot of Media Pumping Out Gas Price Hype

By Ken Shepherd | May 6, 2008 - 11:06 ET

Screencap of ABCNews.com, AP photo by Marcio Jose Sanchez | NewsBusters.orgThree things in life are certain: death, taxes, and media hype about gasoline prices. On television that third item often takes place not just in your usual standup at a gas station interviewing outraged motorists. In Web-based media, however, the still shot is worth 1,000 barrels.

We've noted how CNN.com has done it. Today, it's ABCNews.com with its front-page teaser headline "Oil: Another Day, Another Record."

The photo accompanying the AP story filed from Vienna -- yes, as in Austria -- by writer George Jahn depicts a gas marquee from an American gas station showing regular unleaded at $4.419-a-gallon. Here's how the caption for the AP photo by Marcio Jose Sanchez that accompanies Jahn's article reads (emphasis mine):

CNN Calls Obama $150 Billion Energy Proposal 'Valuable'

By Jeff Poor | May 5, 2008 - 16:26 ET

Government meddling with the free-market forces can have ill consequences. Just look at how government mandates for corn-based ethanol have affected the global food supply.

According to CNN senior business correspondent Ali Velshi, CNN viewers rate the economy as the most important issue and named gas prices as their number one concern. "AOL Money Coach" Hilary Kramer agreed with viewers, but regarded Democratic presidential hopeful Sen. Barack Obama's proposal as "valuable" when matched with alternative energy legislation.

"Absolutely right," Kramer said on CNN's May 5 "Issue #1." "That's why Barack Obama with a $150 billion package that he wants to jumpstart an entire industry alternative energy and clean technology could be very valuable, especially matching that up with legislation to force the use of alternative energy."

When Will Media Expose Gore's Ethanol Investments?

By Noel Sheppard | May 5, 2008 - 14:43 ET

As media turn against ethanol due to the growing international food crisis, there's one idol they need to topple: Nobel Laureate Al Gore.

After all, this man has not only been strongly advocating the use of biofuels for years, but has also admitted to having investments in companies involved in such agri-business.

Of course, it's possible press members aren't convinced enough about the the connection between ethanol and rising food prices around the world that they're willing to fell their Green God.

If this is the case, might I recommend such fence-sitters immediately read Marlo Lewis's spectacular piece "Food for Fuel Is No Laughing Matter" published at the NRO's Planet Gore blog Monday (emphasis added throughout):

In the [Gas] Tank for Obama: CNN Rips Hillary's Tax Holiday

By Mark Finkelstein | May 5, 2008 - 12:55 ET

Check out the screencap from Carol Costello's CNN Newsroom segment of this morning on Hillary's gas-tax holiday plan. Costello's message: Clinton's proposal isn't just bad economics. It's not simply Santa Claus politics. No, it could . . . put your life in danger.

CAROL COSTELLO: For cash-strapped consumers, any reduction in gas prices would be like, well, like Santa coming into town early—or so it seemed on the stump.

View video here.

Hedgehog Hillary Hatin' on Oil Companies

By Mark Finkelstein | May 5, 2008 - 08:16 ET

The fox knows many things, but the hedgehog knows one big thing.—Archilochus (7th-century BC)

Mark Penn might not be appearing before the cameras on Hillary's behalf nowadays, but bet that he is beavering away behind the scenes on his polling. And judging from Hillary's dogged [to mix an animal metaphor] performance on this morning's Today, it's obvious the pollster's turned up one big thing: Dem primary voters hate oil companies.

Meredith Vieira gamely tried to get Clinton onto other subjects during her interview. But no matter the question, the answer was almost invariably the same: I Hate Big Oil. Since the questions were irrelevant, let's dispense with them and simply count the ways in which Hillary expressed her wrath at those evil purveyors of oil.

View video here.

NYT's Friedman: Hard Work 'Asian Values,' No Longer American Values

By Warner Todd Huston | May 4, 2008 - 23:08 ET

I always find it amazing when writers in the mainstream press seem to have so little knowledge of America and its history. Of course, I suppose that being blissfully ignorant of US history does help paper over their betrayal, substituting the feeling that they can maintain allegiance to American "ideals" as they attempt to advocate for the sort of socialist/communist vision that they want America to become, quite despite its true character and principles. Heck, if you don't know you are betraying your own country, you can't be ashamed of yourself for it, right? In any case, here we have another prime example of such a betrayal by The New York Times' Thomas Friedman from his May 4 piece where he has decided that America is finished, done, kaput. And guess what? It's all George W. Bush's fault -- shocking, I know.

Freidman imagines that he has found the pulse of the people and he has found that they are aching for nation building. Not nation building in Iraq or Afghanistan, but in the USA. He says we have little to show for our efforts in Iraq, that "we’re just not that strong anymore." He also claims that we have no "leverage" in Iran.

Heck, he should know. After all he and his paper have been attempting to foster these very situations for 8 years. If what Friedman is saying is true, then he and his anti-American paper deserve hearty congratulations for their success at nation destroying -- ours.

Stumped: Hillary Can't Name One Economist Who Supports Her Gas-Tax Holiday

By Mark Finkelstein | May 4, 2008 - 13:15 ET

My two cents say George Stephanopoulos gave Hillary a harder time than Tim Russert did Obama during their respective appearances on This Week and Meet the Press today. Russert never pinned Obama down on exactly what he knew of Rev. Wright's most controversial assertions and when he knew it.

Over on ABC, Stephanopoulos twice challenged Hillary to name a single economist who supported her proposal for a gas-tax holiday, and threw in her face the fact that even her big admirer in economist ranks, Paul Krugman of the NY Times, has criticized her over it. In exposing her inability to name a single practitioner of the dismal science who supported her plan [McCain, who's also called for a gas-tax holiday would presumably be similarly hard-pressed], Stephanopoulos left Clinton looking like a panderer. Stephanopoulos raised the issue right out of the box.

View video here.

Alter Suggests Only 'Stupid' Voters Want Gas Tax Cut

By Brad Wilmouth | May 3, 2008 - 15:12 ET

On Friday's Countdown show, MSNBC analyst Jonathan Alter, also of Newsweek, suggested that voters who support Hillary Clinton's call for a temporary suspension of the federal gasoline tax are "stupid" as he contended that the Clinton campaign team are "assuming that people are too stupid to realize that this is a bad idea that won't save them any money at the pump." Alter later argued that the tax cut strategy may end up succeeding politically for Clinton because "there are a lot of what are called 'low information' voters" who are "not reading the unanimous, unanimous newspaper editorials against this. They're not talking to the environmentalists, the economists, everybody who unanimously believes this is a bad idea. They're, you know, understandably struggling, and at the pump, they're paying a lot for gas, and they want some relief." (Transcript follows)

The Goo Is Over? ABC Pounds Hillary on Gas Taxes, Iran, Wright

By Tim Graham | May 3, 2008 - 07:35 ET

ABC’s Nightline featured yet another Cynthia McFadden trip with Hillary Clinton on the campaign trail Thursday, but it wasn’t all sympathetic questions about how hard it is to be a feminist pioneer. (There was one about how all the criticism must be hard on her mother.) Instead, on the trail in Indiana, McFadden pushed hard from the left on how Barack Obama thought her gas-tax holiday proposal was "phony" and "pandering," and how columnist Thomas Friedman of the New York Times thought it was "ridiculous," and how Iran thought her remarks about them were irresponsible. She also wondered if the Reverend Wright issue was "guilt by association...Does it worry you a little bit about the taint of association? Because, you know, you’ve been tarred by the same brush over the years."

McFadden began somewhat sympathetically, although it wasn’t good news, about how Indiana superdelegate Joe Andrew switched sides to Obama, despite President Clinton making him DNC chairman in the late 1990s. Then she switched to arguing against any gas-tax relief:

Dire NBC: Seniors Forced to Live in Van as Golden Years 'Tarnished'

By Brent Baker | May 2, 2008 - 21:09 ET

On the day the government reported a tenth of a point drop in the unemployment rate and two days after news of a second straight quarter of 0.6 percent GDP growth proved the nation is not in a recession, Friday's NBC Nightly News delivered a ridiculously shallow story, based on two anecdotes and a couple of advocates, to prove rising prices are forcing the elderly out of their homes and into vans and soup kitchens. Anchor Brian Williams promised “an interesting look...at the toll that rising prices, of things like gas and food, is taking on Americans living on fixed incomes.” [audio available here]

Chris Jansing [that's her by the van] traveled to Northridge, California, just north of Los Angeles, where she found 82-year-old Betty Weinstein, stunned by a water bill, turning to a second reverse mortgage to stay in her home. But she at least still has a home. Jansing then highlighted an even sadder case:

Rising rents forced Scott and Kate Bishop to move out of this blue house and into their van, sleeping on a mattress in the back.
But it got worse: “And now high food costs have meant, for first time in their lives, the Bishops have gone hungry.” Jansing cited no source for her claims as she asserted: “Soup kitchens and food banks are seeing record numbers of seniors asking for help for the first time in their lives,” but “now donations here are down as middle class donors struggle to feed their own families.

While WaPo Opts to Caricature Exxon, FinTimes Reports Biz Fundamentals

By Ken Shepherd | May 2, 2008 - 17:37 ET

Big bad oil company ExxonMobil is "on the defensive in the face of consumer ire and congressional indignation" as it raked in a "huge" first quarter profit, Washington Post's Steven Mufson informed readers of his front page May 2 article.

Mufson later noted that "[d]espite Exxon's colossal profit, the company's stock fell yesterday." Mufson blamed investors "shift[ing] gears" to turn to other stocks and pull out of commodities. Yet Mufson made no attempt to explore how "new congressional vows to come up with legislation" to tax oil company profits might play into investors being skittish about the company, a favored bogeyman of left-wing populist politicians in election years marked by high gasoline prices.

By contrast, the May 2 Financial Times took a less political, business-oriented look at ExxonMobil with a front-pager by Sheila McNulty and Carola Hoyos entitled, "Exxon oil production struggles for growth":

Two Days Worth of Standing Against Gas Tax Relief on CNN

By Matthew Balan | May 2, 2008 - 14:10 ET

NewsBusters.org - Media Research CenterTwo segments that aired on two days straight on CNN underscored the network’s alignment with those who stand against a gasoline tax holiday during the summer driving season. First, Carol Costello’s segment on Wednesday’s "Newsroom" program used last year’s bridge collapse in Minneapolis to advance the idea that "things like road construction and bridge repair" would suffer as a result of the lost revenues. The following day, on Thursday’s "The Situation Room," host Wolf Blitzer pressed McCain campaign adviser Carly Fiorina, a former CEO of Hewlett-Packard, on McCain’s proposal, asking, "So when you say that he would take the money from reserves, in other words, we would go further into debt to pay for this tax break?" During the interview, a chyron or graphic on the screen claimed, "Saving on Gas Could Cost You: Whether to Suspend Fed Gas Taxes."