Oil & Gas Prices

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…

In a rural area where “The economy sucks when it’s good,” natural gas drilling could have gone a long way. Could have, until environmental extremists and regulators got in the way. That’s what happened in Wayne County, Pa., just a few years ago when “corporations offered struggling farmers lucrative leases for mineral rights” but a documentary filmmaker and government prevented the drilling…

The $82 billion auto bailout has been a Crony Socialist nightmare mess. We’re going to lose at least $30 billion on the deal.  And that’s only if the Barack Obama Administration’s math can be trusted - a dicey proposition at best. The Administration eviscerated two hundred-plus years of bankruptcy law, throwing bond holders over the side to over-reward their United Auto Workers shock force…

Readers are strongly advised to remove food, fluids, and flammables from proximity to their computers prior to reading any further. You've been warned! New York Times columnist Paul Krugman said on ABC's This Week Sunday, "It's terribly unfair that [President Obama is] being judged on the failure of the economy to respond to policies that had been largely dictated by a hostile Congress" (…

Former Democratic Michigan governor turned Current TV commentator Jennifer Granholm got a much-needed education Sunday about the difference between Mitt Romney's involvement with Bain Capital and President Obama's forays into green energy investment. "When Bain invested," said George Will on ABC's This Week, "it invests money that it gets voluntarily to be invested. When the president throws…

Really, the only surprise is that consumers came before Obama in the headline -- because Obama came before the economy in the underlying article. A late-day dispatch from Jonathan Fahey and Paul Wiseman at the Associated Press even found someone to say that history will be on Obama's side if gas prices fall to below $3.50 a gallon or so by Labor Day. Excerpts follow (bolds are mine):

Searches on "Government Accountability Office" (not in quotes), "shale," and "mittal" at the Associated Press's national site return nothing relevant to the energy-related story which will follow. A Google News search on "Anu Mittal," the person from the GAO who on Thursday testified before the House Committee on Science, Space, and Technology`s Subcommittee on Energy and Environment, appears…

An openly gay adviser to Republican presidential candidate Mitt Romney resigned last week, and the Obama-loving media interested in discussing anything but the poor economy jumped all over it. NewsBusters associate editor Noel Sheppard discussed this with Don Lemon on CNN Newsroom Saturday (video follows with transcript and commentary):