Oil & Gas Prices

The Pentagon rescinded the invitation of evangelist Franklin Graham to speak at its May 6 National Day of Prayer event because of complaints about his previous comments about Islam. The Military Religious Freedom Foundation expressed its concern over Graham's involvement with the event in an April 19 letter sent to Secretary of Defense Robert Gates. MRFF's complaint about Graham, the son of…

Whenever you are bored or in need of a good laugh, help yourself to some mainstream media coverage of the economy under President Obama. Each month we at NewsBusters wonder how the recession will be spun anew, and each month news outlets act with increasing hilarity. First up for April was an earnest little piece by USA Today writer Matt Krantz published Thursday. Krantz insisted on reporting "…

With summer driving season upon us, it's important to note that there's a traditional jump in gas prices. But will this seasonal adjustment benefit commodities, specifically oil and make the price of gasoline even higher? That could happen if those forms of energy lure investment from what seems to be an over-valued equities market, brought on by what some claim is cheap money.  On her April 5…

Green jobs to save the American economy?  If you have listened to the various politicos on the left end of the spectrum, especially before and after the passage of the $787-billion stimulus package earlier, you would think that is the cure-all. But so far it isn't working and there are other fundamental problems that lie ahead according to some energy market analysts, like much higher oil…

Introducing a segment on Thursday's CBS Early Show about President Obama's decision to open up some new areas to offshore oil drilling, fill-in co-host Jeff Glor warned that some of Obama's "closest allies are especially unhappy." In a report that followed, White House correspondent Bill Plante noted "Environmental groups are disappointed." However, Plante also touted the idea that the move could…

Poor Barack Obama.  Hasn't put a foot wrong.  Policies just fine.  It's just that he's been dealt the cruel fate of . . . being President of the United States.That was the essence of what Jonathan Capehart, WaPo editorialist, whistled past the liberal graveyard on Morning Joe today.  Confronted with the prez's crumbling poll numbers [by 52-44 margin people don't think PBO deserves to be re-…

As the old cliché goes, you don't use a sledgehammer to crack a nut, but according to Rick Santelli, that's exactly what it appears the Obama administration is doing terms of financial regulation and fiscal discipline. On CNBC's Feb. 2 broadcast of "Fast Money," host Melissa Lee proposed that taxing the wealthy is not the path to "economic prosperity and fiscal stability." Santelli, the network'…

President Barack Obama encouraged some business interests by mentioning nuclear energy and offshore drilling during his Jan. 27 State of the Union speech. Those less popular energy solutions joined the usual alternative rhetoric of wind, solar and bio-fuels. But on CNBC's Jan. 28 "Street Signs," Jim Cramer, host of CNBC's "Mad Money" noted something was missing - an important onshore energy…

It hasn't been in the limelight recently, but it is coming. According to CNBC contributor John Kilduff of Round Earth Capital, we will soon see the price of reach $100 per barrel. On CNBC's Jan. 11 "The Kudlow Report," host Larry Kudlow asked Kilduff what it would take for the Obama's administration to change its energy policy to allow for more oil exploration and drilling. "Oil is hitting a…

In their report on Ford's November sales results, the Associated Press's Tom Krisher and Dee-Ann Durbin seemed to downplay the company's pretty decent month, and definitely downplayed the company's better near-term prospects compared to its principal rivals. Additionally, despite the report's Wednesday time stamp, the pair didn't update the item's content to compare Ford's performance to its…

A lefty magazine editor has come up with a list of brilliant solutions to the planet's purported climate change problem: make the recession worse, make goods more expensive, and restrict all intercontinental travel to blimps.So said Emily Douglas, web editor for The Nation, who, when asked Wednesday how we could "reverse our culture of consumerism," replied immediately "make the recession worse…

There is an inside joke for the veteran viewers of MSNBC’s morning show, ‘Morning Joe,’ which refers back to a time when Joe Scarborough was in a heated debate with Zbigneiw Brzezinski (Mika’s father) over the behind-the-scenes content of President Clinton’s Camp David accords.  The elder Brzezinski grew rather frustrated with being out-shouted by Scarborough, and delivered the following zinger:“…

Back during 2008, Congressional leaders were eager to call oil executives to testify before them because of the high price of gasoline, which was tied to the higher prices of oil. On Sept. 17, President Barack Obama surprised a lot of people and announced he was pulling the mat out from under two Eastern European allies - Poland and the Czech Republic - when he decided not to go forward with a…

Watch out, Barbra Streisand!  You've got some serious competition in the category of formerly famous woman singers turned loud and illogical liberal lips.Carole King has proclaimed that people who say that Pres. Obama's cap-and-tax plan is an energy tax are . . . like "birthers."King made her wacky claim on Willie Geist's "Way Too Early" show this morning.  View video here.