Oil & Gas Prices

CNBC's Joe Kernen on Monday called New York Times columnist Paul Krugman a communist. Kernen expressed the same sentiments for economist and Huffington Post contributor Dean Baker (video follows with transcript and commentary):

Gas prices have risen to a nationwide average of $3.80 per gallon, per gasbuddy.com early this afternoon, and an Ohio average of over $3.90. Is Asjylyn Loder at Bloomberg worried about the effects on drivers' pocketbooks and travel plans over Labor Day? Don't be silly. Loder is worried about its impact on Dear Leader's presidential reelection prospects, and avoids the implications of the ten-…

"It would be better if energy prices went up." So amazingly said Politico's Evan Thomas on PBS's Inside Washington Friday (video follows with transcript and commentary):

Friday afternoon, the Associated Press's Jonathan Fahey couldn't get four paragraphs into his report on higher gas prices nationwide without starting to fret about their impact on President Obama's re-election effort. He also wanted readers to understand without any doubt that President Obama and the by inference his government bear absolutely no responsibility for the recent run-up to a…

Last time I checked the Associated Press was a national news service. So in a story about how a refinery fire in California will likely cause West Coast gas prices to hit $4 a gallon, why did reporter Jason Dearen ignore the fact that prices are already at $4 a gallon in many parts of the country already?

Robert E. Murray, the founder and CEO of Murray Energy Corporation, told CNN's Soledad O'Brien Friday that the closure and subsequent layoffs at his company's mine near Brilliant, Ohio, were "entirely" due to the anti-coal policies of Barack Obama. Not surprisingly, the Starting Point host spent much of the eleven-minute segment defending the president she adores from this accusation (video…

I suppose the Associated Press deserves some credit for what appears to be a grudging acknowledgment that opponents of the oil and gas drilling technique known as hydraulic fracturing, aka "fracking," "sometimes mislead the public." Also, Kevin Begos's story does a good job of letting Josh Fox, producer of the fundamentally dishonest documentary "Gasland," hang himself with his own dodgy,…

The Jurassic Press is missing much in their reporting on the $50 billion bailout of General Motors (GM).  The Press is open channeling for President Barack Obama - allowing him to frame the bailout exactly as he wishes in the 2012 Presidential election.  The President is running in large part on the bailout’s $30+ billion loss, uber-failed “success.”  And the Press is acting as his…

CNBC's Lawrence Kudlow on Sunday gave Fareed Zakaria a much-needed education on Barack Obama's energy policies. When the host of CNN's Fareed Zakaria GPS claimed the president deserved credit for the coming "shale revolution," Kudlow smartly replied, "He's giving none of the permits...He's a green energy guy. He's a Solyndra guy and he completely missed the boat on all of that stuff" (video…

If you were a television news anchor reporting on falling gas prices, why would you say "the best news" was that a gallon of gasoline "might drop another 50 cents by Halloween, just in time for the election?" Believe it or not, ABC's Paula Faris, appearing on Monday's Good Morning America, actually said exactly that (video follows with transcript and commentary):

Now that Colorado is enduring one of the worst wildfires in its history, liberals are pointing to man-made global warming as the culprit. On Thursday's NBC Nightly News, correspondent Anne Thompson hyped the "dire" and lasting impact of the fires on the environment and pointed toward man-made global warming as the probable cause. The "increasingly bigger" fires, Thompson said, are "Leading…

Have your gas prices dropped in half in the past couple of months? Well, the geniuses over at MSNBC believe they have, for in the middle of a segment about fuel costs on the Martin Bashir show Wednesday, a chyron boldly stated, "Gas Prices Down 47% Since April and May" (video follows with transcribed highlights and commentary):

It might sound ridiculous, but Time magazine writer Michael Crowley actually grumbled in an article on Monday that the GOP presidential candidate is “One-Note Mitt” Romney, whose campaign defines this year's election as merely “a referendum on Obama's handling of the economy.” The author then noted that with “almost comical discipline,” Romney “steers virtually every topic” back to the…

Even after being embarrassed by a series of misleading reports from reporter Ian Urbina in June 2011, the New York Times continues to lash out against hydro-fracking, the process of pumping chemicals and water into shale to extract gas. Metro reporter Mireya Navarro pumped up on Tuesday a controversy manufactured by environmental opponents of fracking in upstate New York: "Institute’s Gas…