Oil & Gas Prices

Andrew Ross Sorkin is considered a financial guru - a savant of all things business.  So how is he so very, very wrong about government teat specialist Elon Musk?: “Donald Trump: Please think about calling Elon Musk….Mr. Musk…(is) the real-life Tony Stark behind Tesla, the electric car company; SolarCity, the solar power provider; and SpaceX, the rocket company….” Actually, Elon Musk isn’t the…

President-elect Donald Trump has warned companies that they are not going to leave the United States anymore "without consequences." He has lived up to his threat by pressuring Carrier to give up its planned move to Monterrey, Mexico, in exchange for a taxpayer handout. It is a safe bet that other U.S. companies will be descending on Washington looking for handouts in the name of "fair trade" and…

It appeared that NBC sharpened its claws in preparation for NBC Nightly News on Tuesday, as the network sent Richard Engel to Russia. The reporter was there to find dirt on President-elect Donald Trump’s pick for Secretary of State, ExxonMobil CEO Rex Tillerson. “I'm Richard Engel in Moscow, where the Kremlin couldn't be happier with the way Trump's cabinet is shaping up, especially with Rex…

Left-wing Hollywood actor Mark Ruffalo, known for his role as the Hulk in the smash hit Avengers movies, is slamming President Obama on his outright hypocrisy for presenting himself as a “green” president while permitting fracking and other fossil fuel extraction that goes against the environmentalist ethos. Ruffalo recently spoke at a Los Angeles rally against the Dakota Access Pipeline and man…

This week, two anti-fracking initiatives backed by deep-pocketed environmental lobbying heavyweights, such as the Sierra Club and Greenpeace, failed to gather enough signatures. The more draconian of the efforts, Initiative 78, would have imposed a mandatory 2,500-foot setback around all oil and gas operations -- essentially halting drilling in upward of 95 percent of Colorado's energy-rich land…

Rachel Maddow gave covering fire for President Obama on her MSNBC show on Thursday over his initial decision to stay in Martha's Vineyard instead of visiting flood-stricken Louisiana. Maddow spotlighted the "scathing editorial" from a Lousiana newspaper criticizing the Democrat over the move, but defended the President by pointing a finger at former Governor Bobby Jindal.

If form holds, the Democratic Party's presidential candidates in the U.S. will continue to spout various forms of socialism and class warfare as the answers to this nation's woes in hopes of buying enough "free stuff" votes to hang on to the White House. Venezuela's apparent imminent economic collapse poses a problem for this strategy. The country's problems are the direct result of 15 years of…

When gas prices were high, the media pumped their shows with stories about profit. But when prices were low, those stories took a back seat. In 2015, gas prices tumbled from a high of $2.80 in June to a low of $2 in December after a glut in supply flooded the market.  BP and Exxon reportedly lost billions in profit last year, and according to The Telegraph, oil prices crashed into 2016 with…

The Associated Press may be down to one person in the whole wide world who will tell its economics reporters what they want to hear when the federal government releases economic data. That's what you almost have to conclude after reading the wire service's reports on two of Thursday's major releases, namely last week's initial unemployment claims and December's durable goods orders and shipments…

Morning Joe Tuesday featured a discussion with Bill Nye, known as the Science Guy from his television days, and his new book, “Unstoppable.” The book is about getting America to lead on fighting Climate Change, particularly in transitioning from fossil fuels to wind and solar energy. Scarborough on Climate Change, threw to Nye, about the signficance of China and other developing countries on…

Daily Beast correspondent Eleanor Clift has decided the law of supply and demand makes no sense, at least not when it comes to economics. It's difficult to avoid concluding that Eleanor Clift makes no sense, economically or otherwise. A weekly panelist on The McLaughlin Show, Clift was a lonely voice for irrationality on the program this weekend, arguing in favor of an anachronistic ban on US…

It would appear that Hillary Clinton's act is wearing thin even among the people at that liberal bastion known as NPR. Tuesday afternoon, the headline at an NPR story about Mrs. Clinton's sudden decision to publicly announce her opposition to the Keystone XL Pipeline project indicated that her announcement was deliberately timed to coincide with Pope Francis's visit to the United States (HT…

You wouldn't know it from reading the national coverage by the Associated Press or stories at the Los Angeles Times, but California Governor Jerry Brown and his fellow far-left Democratic Party environmentalists suffered significant setbacks last week. How bad? So bad that the Times editorial board accused "a new crop of moderate Democratic legislators" of succumbing to "oil industry propaganda…

As Venezuela's Chavista economy under Nicolas Maduro continues to crumble, the Associated Press and others in the media to describe its problems as if they came out of nowhere instead of originating with its statist, oppressive government. Examples follow the jump.