Oil & Gas Prices

We all know the BP oil spill is a huge mess. It's going to be costly to clean up - but just how much? And while some outspoken critics are calling for BP to eliminate its dividend, they probably aren't realizing the residual effects. On the June 10 broadcast of Fox Business Network's "Bulls & Bears," Fadel Gheit, a senior analyst at Oppenheimer & Co., offered a huge estimate. But, he…

The National Center for Atmospheric Research believes that oil from the leaking deep water rig in the Gulf of Mexico could impact much of America's East Coast by summer.As reported by the University Corporation for Atmospheric Research Thursday, scientists using a detailed computer modeling program have created a video image of what they feel is possible in the coming months."'I've had a lot of…

It was bound to happen and no one can really blame them for doing so, but someone eventually had to determine who the political winners and losers are for the tragic circumstances surrounding the BP Gulf of Mexico oil spill. Looking forward to the upcoming election cycle, MSNBC "Morning Joe" host Joe Scarborough determined the time was right to take a stab at it, although reluctantly on his…

If you think government has all the answers, you'll certainly approve of this call. Former Clinton Secretary of Labor and CNBC contributor Robert Reich has determined it's time for President Barack Obama to seize the reigns of control from BP (NYSE:BP) and put the North American operations of the company into a "temporary receivership." He told host Michelle Caruso-Cabrera on CNBC's June 1…

CNN founder Ted Turner, who thinks Christianity is a "religion for losers," apparently believes that the Gulf oil spill could actually be God sending us a message that drilling for oil is bad. Will media liberals read him the riot act as they have Sarah Palin for making similar claims?"I'm just wondering if God's telling us he doesn't want us to drill offshore," Turner told a CNN interviewer.…

After making a fool out of himself going up against George Will on last Sunday's "This Week," Bill Maher dug an even deeper hole five days later trying to strike back at the well-known columnist with a peculiar blend of falsehoods and Bill Clinton.As NewsBusters previously reported, Maher was humiliated on national television last week when he errantly claimed Brazil was "off oil" only to be…

Usually, the crazy rantings of MSNBC host Keith Olbermann can be dismissed as the norm and easily ignored. But on May 5, Olbermann gave a glimpse of an obsession with former Vice President Dick Cheney - a man that has been out of office for 471 days - that was just too bizarre to let go.  Although Olbermann didn't outright absolve the Obama administration for not responding quick enough to the…

Reacting to news the Obama administration wants to postpone a vote on “Cap and Trade” in favor of immigration reform, on Sunday’s Face the Nation New York Times columnist Tom Friedman despaired: “This is a disaster...This is a travesty. Basically, we were about to send the first bi-partisan legislation for radical move toward more green energy, more green jobs and putting a price on carbon...”Now…

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-…