NewsBusters has been reporting for the last several years that in the midst of the media's fascination with global warming alarmism, the financial ramifications of proposed solutions to this potentially nonexistent problem have been almost universally ignored.
In reality, you couldn't completely tell just how controversial this piece was from the opening paragraph, but it ended up being a clever -- albeit delicate -- foreshadowing of seriously inconvenient truths that folks like Nobel Laureate Al Gore and his media sycophants have been immorally withholding from the public (emphasis added throughout):
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, instead, advocated private ownership of oil with tighter regulations and more aggressive taxation.
Anybody need a pinch?
Unfortunately, to get to the really compelling parts, one had to suffer through a great deal of Hugo-mania (emphasis added throughout, h/t Charles Johnson):
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, the story can't make up its mind). So, if it is a down economy, why did the Trib-Review spend so much energy with the first half of the piece decrying a non-existent boycott of that poor, innocent Chavez? Why all this sympathy for Chavez? Your guess is as good as mine.
In fact, there aren't a whole lot of facts presented in this piece at all, so when all is said and done, there is no real conclusion reached, prompting the question of just what the heck the point of the article was in the first place if it weren't for exploiting the mean American boycotters angle? The very first line in the piece sets the tone of pity for Chavez.
NBC Universal’s “Green is Universal” initiative is sending staff across the planet to either cover or cause global warming. That effort “takes an unprecedented look at Planet Earth.” Three members of the ‘Today’ crew – Matt Lauer, Ann Curry and Al Roker – will emit 24.9 tons of carbon to go to the ends of the earth to show viewers climate is affecting the planet. That number is more than three times what a typical American emits in a whole year. (See video here.)
“Well, the journey has begun,” “Today” co-host Matt Lauer said on the October 29 broadcast. “‘Today’ is going to the ends of the earth to report on the changing climate and examine the limits of human exploration in an unprecedented simultaneous broadcast from the top, the bottom and the middle of the world.”
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 fears, more than a dozen states are set to file a lawsuit against the Bush administration for holding up efforts to regulate carbon dioxide emissions from cars and trucks.
I kid you not.
As reported by the New York Times Wednesday (emphasis added throughout):
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 Public Policy Institute, not only refuted Gore’s defense of the movie's contents, but also listed a total of 35 errors in the award-winning abomination responsible for most of the global warming hysteria sweeping the planet (emphasis added):
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 electric cooperatives is seeking to build near Holcomb in southwest Kansas. The ownership and the electricity would be shared by 67 cooperatives in Kansas and neighboring states.
The department's staff had recommended issuing the air quality permits, but Roderick L. Bremby, the secretary of the department, said in a statement, "I believe it would be irresponsible to ignore emerging information about the contribution of carbon dioxide and other greenhouse gases to climate change and the potential harm to our environment and health if we do nothing."
As the Washington Post reported Friday, this decision has disturbing national implications (emphasis added):
This week marks the unhappy milestone of Black Monday for Wall Street, which had some journalists warning “it could” happen again. Even if it doesn’t, the media hammered home the prospect of a possible recession.
The Dow Jones Industrial Average nosedived Oct. 19, 1987, when panicked selling cost investors 22.6 percent in one day of panicked selling. But do investors in 2007 need to be worried about another crash?
ABC anchor Charles Gibson twice pushed reluctant guest expert Sam Stovall, chief investment strategist at Standard & Poor's, to agree that high oil prices and the housing “crisis” will soon lead to a recession. On Tuesday's World News, Gibson outlined: “So, the housing crisis, the Treasury Secretary says it's a significant risk to the economy, the Fed Chairman says it's a significant drag on the economy, we have oil prices over $80 a barrel. Sam, isn't that a classic formula for a recession?” Stovall replied that “what I think is encouraging investors is the pro-activeness of the Fed and government officials by making sure that they get ahead of the curve and fend off the recession.” But Gibson was undeterred from his pessimistic assumptions and pressed again about whether the economy is “really broad-based enough to endure this kind of oil price hike and this kind of housing crisis and not have a recession?” Stovall maintained that oil and housing have impacted the economy, yet “our feeling is we'll probably...get away unscathed.”
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 Buys Less," author Celia W. Dugger shockingly presented the dirty little secret about soon-to-be-Nobel Laureate Al Gore's grand solution for manmade global warming that NewsBusters has been writing about for months while most in the media remained silent (emphasis added, h/t Glenn Reynolds):
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 fine example of such a boycott occurred last week when House Energy and Commerce Committee chair John Dingell (D-MI) discussed a rather elaborate tax plan with the Associated Press Wednesday that virtually no major media outlet outside of Detroit bothered to report (emphasis added throughout):
Within his article, Mufson brought in advertising critic and NPR host who injected his own political beliefs about oil companies like Chevron (emphasis mine):
"What these ads, like all oil company ads, do is accentuate the positive and don't mention the venality, the environmental impact and overarching greed that is at the bottom of their businesses," said Bob Garfield, a TV ad critic for Advertising Age.
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 to the Iraq war was hardly a struggle between peaceful, loving protesters and nefarious right-wing billionaires, in reality, there were people on both sides who saw Iraq as an opportunity to make money. Somehow, though, we never hear about the anti-war money men. This is odd because while we've heard endlessly about Vice President Cheney's connections to Halliburton, we've heard almost nothing about Oscar Wyatt's boast that he had persuaded Massachusetts senator Ted Kennedy to speak out against the Iraq War. As TigerHawk puts it:
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 government was just about oil.
After conquering space, where he spends his days and nights, wacky dictator Hugo Chavez has decided to conquer time itself. According to the August 21 New York Times, no less, Chavez is changing the clocks starting in 2008 as part of his plan to move to a six-hour workday.
The left's second-favorite dictator, after Castro, "claims that it will help the metabolism and productivity of his fellow citizens," wrote the Times in a bizarre brief.
During his lengthy Sunday TV show, Chavez was joined by Héctor Navarro, the minister of science and technology. The Times quoted him saying: "This is about the metabolic effect, where the human brain is conditioned by sunlight."
Next up, the "passionate," "dignified," and "intelligent" Chavez, as Barbara Walters called him March 16, says he wants to help America's poor and then raises the price of oil again.
Matt Damon dressed as gas pump? Ben Affleck as an ear of corn? No, it’s not “Good Will Hunting,” the sequel. It’s a new set of videos promoting ethanol mandates on the Web site cleanmyride.org.
The Clean My Ride site is run by the Center for American Progress Action Fund, an arm of the liberal think tank Center for American Progress. The purpose of Clean My Ride is to urge Congress to mandate ethanol as a fuel.
Earlier this week, NBC’s Lee Cowan admitted it was ethanol’s fault milk prices were “skyrocketing.” So which is it? Do environmentalists want better gas mileage or cheaper milk?
One of the other main points of the Web site is to try and get people to stop “running scared from Big Oil.” The first video, which features Affleck in a corn costume – it’s better than “Gigli” – even shows a sequence where “Big Oil” executives are chasing down an ear of corn and then bludgeoning it to death.
According to CNN business reporter Ali Velshi, the relationship between oil and gas prices is difficult to grasp.
"A lot of folks are saying, 'Why have my gas prices come down 17 or 18 cents in the last couple weeks when oil prices are going up?'" said Velshi on the August 1 "American Morning."
Trust me Ali, that's not what I've heard at the pump.
"Well, I hope we've all figured out there's no way, there's no mathematician in the world who can figure out the relationship between gas and oil prices, but you can expect with oil up at 78 bucks a barrel, gas prices will soon follow and that takes things—that takes money out of the pockets of consumers who keep this economy going," he continued.
But Velshi, has not always had such a tough time making sense out of oil and gas economics.
“News that gasoline prices are falling usually comes with a warning – don’t get used to it,” said “CBS Evening News” anchor Katie Couric. “So consider yourself warned as we tell you gas has fallen 17 cents the past two weeks to a nationwide average tonight of $2.88 a gallon. That is the lowest price in three months.”
That’s right, Katie. When it comes to gasoline prices and the CBS “Evening News,” they’re either high or probably going to get higher.
"Evening News" ignored the initial drop in gasoline prices last week.
Ali Velshi needs a teleprompter. Maybe then he wouldn't misstate corporate earnings by billions of dollars.
“ExxonMobil reporting quarterly earnings of $10.26 billion a share, John. We’re on this and we’re going to continue to find out where that money is being made,” said Velshi during the 8 a.m. hour. of the July 26 CNN "American Morning."
As CBS and NBC evening newscasts ignored dropping gas prices on July 23, ABC's Charles Gibson found a way to provide negative spin.
"News today in this country, that gas guzzling is getting cheaper while coffee guzzling gets more expensive. The price of gas took a dive in the past week. The government says it was down nine cents a gallon, to an average of $2.96," Gibson said on "World News with Charles Gibson."
But the cost of an optional Starbucks latte has nothing to do with gasoline. Still, Gibson oddly correlated the nine-cent price drop per gallon of gas since last week with the nine-cent price increase at the popular coffee joint.
As NewsBusters has been reporting this week (see this and this), as the stock market hit new all-time highs, the media have been dour Nervous Nellies carping and whining about gas prices, the low value of the dollar, the housing slump, and the rising trade deficit.
Yet, there are a variety of issues that press outlets have conveniently ignored during this record bull run that not only explain rising stock prices, but also give a more accurate view of what is going on in the global economy.
For instance, Bloomberg was one of the only major media outlets Tuesday which reported record purchases of U.S. securities by foreigners in May (emphasis added):
In last night’s CNN special on their upcoming YouTube debate, Paula Zahn previewed some of the video questions that had been sent in. The topics up for debate last night included faith and values, the environment and gay rights. Zahn led the segment on faith and values with the comment, “we are seeing an amazing variety of questions about faith and values for next Monday’s debate.” Unfortunately the four YouTube questions that followed were anything but a “variety.” The transcript of the questions follows below.
NBC proved to be a media anomaly on July 17, leading its “Nightly News” broadcast with the record-high close on Wall Street and admitting that the stock market does benefit “a majority of Americans.” This historic bull run by the stock market was virtually ignored by other media. Katie Couric briefly mentioned it on the CBS “Evening News,” and ABC “World News” ignored it on July 17.
As oil and gas prices have risen over the past few years,
more and more Americans have become familiar with the name Trilby Lundberg.
For those that aren’t, the Lundberg Survey has been the source
for information related to fuel prices, fuel taxes, and all things petroleum for over
With that in mind, Lundberg was interviewed by
the folks at CNN.com last Wednesday, and the never shy energy maven spoke
candidly about a variety of issues that most in the media would be afraid to
share with the citizenry (emphasis added throughout):
“In stock market terms alone, this is now the longest consecutive uninterrupted stock market rally,” said Lawrence Kudlow on MSNBC’s “Morning Joe” on July 13.
“It started in early 2003, so that’s four and a half years. And it’s incredible how much wealth is being created out there and it’s unfortunate, really – almost tragic – that the president just doesn’t get any credit for it at all because he’s got a lot to say on the economy.”
While Kudlow found the record worth cheering, the three major networks supplied "some worries" and "some dark clouds" to viewers on July 12. Each one offered its own spin of gloomy news following the record high closings of the Dow and S&P 500.
"There are still some dark clouds looming over this market," said correspondent Dan Harris on ABC’s "World News with Charles Gibson." "The housing market is in a slump, interest rates are rising and gas prices are ticking back up."
Here’s something you don’t see every day: a member of the mainstream media blaming high gas prices on somebody other than President Bush or Vice President Cheney.
Better strap yourselves in, for the culprit is truly shocking.
Not only did Wednesday’s Washington Post deflect responsibility for the rise in prices paid at the pump away from the White House, much of the blame was actually shifted to – wait for it! – House Speaker Nancy Pelosi (D-California).
A report by ABC correspondent Betsy Stark suggested that although Americans are seeing lower prices at the pump, they must face the newest economic problem – the rising price of dairy.
ABC News has only reported the decline in gas prices twice in its nightly newscasts since they began to go down right before the Memorial Day holiday. Gas prices have gone down on average 24 cents nationally and this was only mentioned on two broadcasts.