Oil & Gas Prices

"Good Morning America" co-host Diane Sawyer on Tuesday aggressively lobbied for the Obama administration to install a European-style gas tax on the United States. Talking to Carol Browner, Assistant to the President for Energy and Climate Change, about Obama's plans for increased fuel standards, she began, "Why not just go to a gas tax, for instance, which would accomplish a reduction in the use…

For whatever reason, CNBC keeps lining up challengers to take on its Chicago Mercantile Exchange floor reporter Rick Santelli over his self-reliance, pro-taxpayer persona - whether it's Steve Liesman, Arianna Huffington or this time, Keith Boykin - editor of The Daily Voice, a CNBC contributor and a BET TV host. ON CNBC's May 7 "The Call," Santelli took on Boykin in the program's "The Call of…

Here’s a quick informal poll:  Who has heard news of Russia’s recent troop buildup in the South Ossetia region of Georgia?   Most of our readers would immediately think of the Russian invasion of that region last summer, during the presidential contest, but the Russians are arguably saber rattling again with a fresh buildup of boots on-the-ground ahead of planned NATO exercises.  Last August, the…

After getting wiped all over the floor by Marc Morano in a March 27 global warming debate, and responding by childishly forbidding any articles of Morano's be linked at his Climate Progress blog, Joe Romm has set his sights on NewsBusters.In an article hysterically titled "Newbusters jumps the shark (if that’s possible) in its attack on my truthful statement “windpower now generates more jobs in…

For over six months, bankers, traders, financial institution employees, and anybody in any way associated with Wall Street have been eviscerated by the media as greedy, lying crooks.Considering this, and how shortly after his inauguration, President Barack Obama said this isn't the time for people to be worried about profits, one has to wonder what kind of reaction the left and their media…

Perhaps this post could be headlined "CNBC Continues to Atone for Its Outspoken Obama Criticism." As if announcing Democratic National Committee chairman and former Vermont Gov. Howard Dean as a "CNBC contributor" weren't enough, CNBC has invited the editor in chief of one of the its biggest critics to guest co-host one of CNBC's most popular shows. Originally reported in a status update from…

“Oh, god,” why did he have to use that word? According to MSNBC’s Chris Matthews, the GOP “outsourced” the Republican response to a young, successful Indian-American governor who “had nothing to do with Congress.”They had to outsource the response tonight, the Republican party. They had to outsource to someone who had nothing to do with Congress because the Republicans in Congress had nothing to…

As Nobel Laureate Al Gore warns Congress today about how the naturally occurring gas carbon dioxide is destroying the planet -- and gets a lot of press attention doing so, of course! -- one has to wonder whether anyone -- either on Capitol Hill or in the media -- will ask him how he financially benefits if the legislative measures he's proposing get enacted.After all, as NewsBusters reported last…

It's not often that meteorology intersects with geopolitics - but Europe could be in store for another Cold War, literally. Accuweather.com's chief long-range and hurricane forecaster Joe Bastardi observed that Russian Prime Minister Vladimir Putin's recent cut of gas flows to Europe via Ukraine may have been done so in anticipation of a global cooling cycle on the Jan. 6 "Glenn Beck Show" radio…

Climate realists around the world have contended for years that the real goal of alarmists such as Nobel Laureate Al Gore and his followers is to use the fear of man-made global warming to redistribute wealth.On Monday, one of Gore's leading scientific resources, Goddard Institute for Space Studies chief James Hansen, sent a letter to Barack and Michelle Obama specifically urging the president-…

Looking for your own financial bailout?Well, the unprecedented decline in gasoline prices the past five months is actually giving regular Americans a much-needed boost to their balance sheets possibly greater than what the government is doling out to the financial services and automobile industries.New data just released by the Oil Price Information Service reveals that we're currently spending $…

Here are the key numbers (in red) in Uncle Sam's November Personal Income and Outlays report (the July : Common sense says that the chart's results after adjusting for inflation are more important (identified as "Chained [2000] dollars") than those in current dollars. Consmers' disposable income went up 1.0% in real (after-inflation) terms in November after a 0.7% increase in October. It took a…

As oil and gasoline prices rose throughout much of this decade, a popular media meme was that a lower dollar was largely to blame.By making this dubious connection, press outlets could point fingers at Bush economic policies thereby distracting the public from the reality that decades of liberal environmental constraints on oil exploration and refinery construction led to an inevitable and…