Oil & Gas Prices

Democrats in Congress may not have acted on Sen. John McCain's proposal for a summer gas tax holiday, but that hasn't stopped the Democratic National Convention from getting tax-free gas courtesy of the citizens of the Mile High City, reports the Denver Post this morning.Filed as breaking news and published at 8:13 EDT on July 23, the Post's Allison Sherry has the scoop here. Below is an excerpt:…

New York Times reporter Larry Rohter once again rode to Barack Obama's defense in Tuesday's "Ad Campaign" watch, a review of John McCain's latest TV ad accusing Obama of letting gas prices rise. In "McCain Links Obama and High Gas Prices," Rohter eviscerated McCain's ad for daring to blame Obama for rising gas prices. From the script of the ad, quoted by Rohter:Gas prices. $4, $5, no end in sight…

The tree doesn't grow far from the apple. A little under two years after Katie Couric, Dan Rather's successor as anchor of the CBS Evening News, suggested just before the 2006 election that President Bush was manipulating gas prices to benefit Republican candidates, on the syndicated Chris Matthews Show over the weekend a conspiratorial Rather predicted “the people who can affect the price of oil…

For many months, NewsBusters has been reporting the financial interest Nobel Laureate Al Gore has in advancing global warming hysteria, and has continually wondered when media will raise this issue to the American people.On Sunday's "Meet the Press," Gore gave host Tom Brokaw the perfect setup to ask him about his investments in renewable fuel technology when the former Vice President mentioned…

A night after ABC anchor Charles Gibson hit full panic mode by leading with how “markets are gyrating, inflation is rising, banks are closing” and suggesting money is only safe “under the mattress,” on Wednesday night he actually began with how “Wall Street posts its best day in months. Financial stocks rise. The price of oil falls.” But he couldn't be completely upbeat as he proceeded to note…

So much of the liberal bias on cable networks is visual. It can impact the casual viwer on the treadmill at the gym watching with the audio off. Case in point is the video embedded at right from the July 15 edition of "The Situation Room" on CNN. [audio available here]In it, anchor Wolf Blitzer tries to put a substantial wedge between House Minority Leader John Boehner (R-Ohio) and presumptive…

Although media reports on the Arctic National Wildlife Refuge (ANWR) usually contain majestic pictures of animals frolicking, few mention the financial benefits and public support for drilling there. “[T]he 1.5-million-acre tip of the Arctic National Wildlife Refuge is critical for the health of an ancient caribou herd,” weatherman Sam Champion said on the May 6 “Good Morning America.” “It…

I received this CNNMoney.com e-mail just before 6 PM ET: Hmmm. So they think it's all on Ben's shoulders. The headline at the Associated Press's coverage by Adam Schreck says that the drop was due to "bad economic news." But at least one person quoted earlier today (11:26 a.m., according to the link; HT NixGuy) had a different view, and he said what he said to CNNMoney.com, the same outfit that…

Update (13:40 EDT): You can see in bold some of the questions I thought particularly biased. I've clipped Mark Smith's first question about turning the thermostat down and driving less and posted that video on EyeBlast.tv. You can find it embedded at right. [Official White House transcript available here.] 10:17 EDT: President Bush will hold a press conference in a few minutes, I'll be watching…

That must be some crystal ball Reuters reporters Jeremy Pelofsky and Tom Doggett have. They somehow know that George W. Bush's Executive Order lifting an Executive Branch ban on offshore drilling will work out to be "largely symbolic" -- even though Congress's ban will expire on September 30 unless it's proactively renewed. Further, Pelofsky and Doggett seem to almost know that since Barack…

Mika Brzezinski might be an Obama backer, but she really should sit down with Hillary Clinton. The woman who turned $1,000 into $100,000 could clue her in to the workings of the commodities markets.  Be it cattle or crude oil, the concept's the same: these are "futures" markets in which prices are set on traders' expectations of what conditions will be some time down the road.Mika's need for…

Remember the grief Dick Cheney received in late 2000, and then President Bush in early 2001, when they were accused of “talking down the economy”? We already know from history that the economy had already slipped into negative growth during the third quarter of 2000; so it's fair to say in hindsight that Cheney and Bush were actually observing reality. Specifically, Cheney's 2000 statement was…