Oil & Gas Prices

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.

Chalk another one up to the law of unintended consequences. Last fall, the media promoted the $700-billion TARP bailout. During the weeks and months leading up to that bailout, they were also on board with cracking down on oil speculators for driving up the price of oil. But now it seems the TARP program is contributing to oil speculation. On Aug. 3, Richard Bernstein, CEO of Richard Bernstein…

ABC News' Friday special, "Over a Barrel: The Truth About Oil," was reviewed by David Almasi, one of my colleagues at the National Center for Public Policy Research.  He found so much bias in the special, I knew his review would be of interest to Newsbusters readers:ABC News Finds Selective "Truth About Oil"by David AlmasiLast Friday, July 24, ABC News aired the special "Over a Barrel: The Truth…

Imagine the post-oil apocalypse, with modern American society heading into a direction with no Disney vacations, no airlines - a world devoid of one-stop convenient big retailers. Sounds like a desolate place, but that's an ideal society according to Forbes magazine Christopher Steiner. Steiner appeared on NBC's July 24 "Today" and described a world with gas headed to $20 a gallon, but according…

It's one of the few times one can wish the reporting by NBC News was right and CNBC was wrong. A segment on the July 21 "NBC Nightly News" pointed out some of the key points of a budget deal reached between California Gov. Arnold Schwarzenegger and leaders of the state legislature. The deal means some service cuts - but also includes the possibility of exploration and drilling for oil off the…

If Palin Derangement Syndrome-afflicted media members thought the Alaska Governor's surprising pre-Fourth of July announcement meant she was getting out of politics, her op-ed in Tuesday's Washington Post should change their minds.In a scathing rebuke of the Obama administration, Sarah Palin took off the gloves to attack the recently House-passed American Clean Energy and Security Act,…