Oil & Gas Prices

Nobel laureate Al Gore said this weekend that tax breaks for corn-based ethanol are "not good policy" and that he only supported these subsidies in order to assist his eventual run for president. Reuters Africa reported Monday the former Vice President made these comments while speaking to a green energy conference in Athens.

Displaying a clear conflict of interest during Friday's 12PM ET hour on MSNBC, anchor Contessa Brewer did a story promoting electric car charging stations but did not disclose to viewers that the channel's parent company, General Electric, was selling the very same product. GE commercials for the charging stations have frequently aired on MSNBC in recent weeks. Brewer began the segment, a…

If you needed any more evidence that the entire theory of manmade global warming was a scheme to redistribute wealth you got it Sunday when a leading member of the United Nations Intergovernmental Panel on Climate Change told a German news outlet, "[W]e redistribute de facto the world's wealth by climate policy." Such was originally published by Germany's NZZ Online Sunday, and reprinted in…

With a 9.6 percent unemployment rate overall in the United States and unemployment rates showing an uptick in states on the Gulf of Mexico that allow offshore oil drilling, one has to wonder what the Obama administration is thinking its Draconian wide-sweeping moratorium halting deepwater drilling in the Gulf after the BP oil spill. While environmentalists are using today's explosion on a oil…

At the top of CBS's Sunday Morning, host Charles Osgood proclaimed: "From sky-high air-conditioning bills to gasoline-fueled vacations in the car, there's nothing like summer to remind us that we Americans are power hungry." In the story that followed later, correspondent Seth Doane declared: "In the wake of the Gulf oil disaster, calls for cleaner, greener energy, are growing louder." Doane…

On last night's 'O'Reilly Factor,' Fox Business Network reporter Charlie Gasparino claimed that during his time at CNBC, General Electric Chairman and CEO Jeff Immelt suggested to senior CNBC staff that they were being too hard on President Obama.Gasparino did not say that it became official CNBC policy to tone down criticism of the president. But he claimed that "the question of whether they…

As media predictably pound the table for Congress to allow the Bush tax cuts to expire, an interesting analysis by Washington Post contributor Robert J. Samuelson should raise a caution flag.Higher taxes inhibit couples from having children which in other developed nations has led to longterm economic paralysis.In a western civilization that got drunk on entitlement programs in the previous…

Bad economic news just keeps piling up. Today, the news about jobless claims from the AP:Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers.The Labor Department said Thursday that new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had…

Editor's Note: For the list of NewsBusters T-shirt contest winners, skip to the end of this post. Click here to enter the contest.Last week we debuted the first installment of "Five for Five," a set of five top five lists comprising the best NewsBusters posts of our first five years. Last week we began on a light note with The Top Five Media Flubs Caught by NewsBusters.We continue on the lighter…

On June 24, 2010, I had a post on BigHollywood that examined Robert Redford’s asinine statements about the Gulf Oil Spill. From his support of a drilling moratorium to the fact that he literally blamed the spill on Dick Cheney to the way he expected George W. Bush to respond instantly to Katrina, while making excuses for President Obama’s slow response to the BP disaster, his words were…

Jon Stewart on Monday asked David Axelrod a truly extraordinary question: has this government proven itself competent enough to regulate industry?Speaking to President Obama's senior advisor on "The Daily Show," the Comedy Central star was in the middle of a rather interesting discussion when he surprisingly said, "It's clear that this administration believes that government can have a stronger…

Pulitzer Prize-winning columnist Cynthia Tucker believes Americans are the enemy of the nation moving in a new energy direction because of what she called our addiction to oil.As the discussion on this weekend's "The Chris Matthews Show" moved to why President Obama hasn't attacked energy policy much like Eisenhower did the space program, Tucker said, "One of the differences between the '50's…

Former New York City Mayor Rudy Giuliani (R) and MSNBC anchor Dylan Ratigan on June 17 joined forces to lambaste "Morning Joe" co-host Joe Scarborough for continuing to defend President Barack Obama's handling of the BP oil spill.Scarborough presented a litany of arguments in Obama's defense, but Giuliani and Ratigan countered with specific examples of the president's failed leadership.…

Plenty of prominent media figures were upset with President Obama over his substandard address to the nation last night (full text). While most are distraught, none seem to be doing what should be the essential journalistic task of the day: pointing out all of the factual misstatements the president made.So, in absence of a serious attempt at fact-checking from the legacy media, let us undertake…