Oil & Gas Prices

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…

President-elect Barack Obama named Carol Browner the "czar" of climate and energy policy for the White House, but CNBC's Joe Kernen was wary of her appointment. "You can see that even in Europe, some of the climate concerns, given this, this once in a lifetime recession, John - to put someone that, an advocate of such strong measures," Kernen said on "Squawk Box" Dec. 11. "Really I've seen her…

During an interview on CNN’s “No Bias, No Bull” program on Tuesday, New York Times columnist Thomas Friedman expressed his confidence in President-Elect Obama’s “vision” for environmental policy and urged that the future executive be given “means...that are as radical as its ends” to carry out this policy: “...[I]t’s great to say we’re going to have green jobs and green homes and green-collared…

If you needed any more proof that liberal media members don't give a darn about the state of the economy or the American people, and instead just want to raise taxes, you got it Sunday when Tom Brokaw advocated gas prices, which have plummeted recently, be kept at $4 a gallon with government keeping the added cost. Coming just two days after it was announced that America lost over 500,000 jobs in…

If you needed any more proof climate alarmists are an extraordinarily deluded bunch that will do anything to protect their dogma, you got it Saturday when a 56-page report on military strategy incited ire because it included two paragraphs on global warming that don't perfectly fit Nobel Laureate Al Gore's agenda.In fact, all the brouhaha was largely about one sentence: "In many respects,…

Low gas prices are a boost to the economy and a reason for Americans to give thanks this holiday, but they’re bad for environmentalists who want government mandates for alternative energy, according to Business & Media Institute Assistant Editor Nathan Burchfiel.  “[T]hese prices are good for the American people, they’re good for the American economy, but they’re bad for environmentalists who…