Oil & Gas Prices

Forget Hardball. Dodgeball's more amusing . . . As we'll detail below, David Shuster literally laughed in the face of a senior Republican today, and earlier on MSNBC Andrea Mitchell blithely dismissed the McCain energy plan as unrealistic. But there was one point of light, you might say, during the network's afternoon coverage.  When Shuster briefly held a Dem congresswoman's feet to the fire on…

The bad reviews for House Speaker Nancy Pelosi's abysmal performance on Sunday's "This Week" continue to pour in.Jumping on the "Is She Really This Divorced From Reality" bandwagon was the Chicago Tribune's Frank James.Writing at the Trib's "Swamp" blog, James lambasted Pelosi early and often (emphasis added):

UPDATE, Aug. 6 -- The media fact-checker overview begins here, and continues below the fold:"..... all the oil that they’re talking about getting off drilling" Obama refers to is NOT just the 200,000 additional barrels obtainable from the "Pacific, Atlantic and eastern Gulf regions." Republican proposals also include Alaska, shale oil, and tar sands.Just including Alaska coastal at very…

In her August 4 blog post -- "Energy fueling Monday's agenda. Obama, 47 today, acts, McCain reacts" -- Chicago Sun-Times Washington bureau chief Lynn Sweet glossed over a ludicrous statement by Sen. Barack Obama wherein the presumptive Democratic nominee suggested that properly inflating tires would eliminate the need to drill for more domestic oil.Sweet noted that Republicans are : [P]laying…

As reported Saturday, the Republican oil revolt in the House last week didn't get a lot of media attention despite America's angst over rising energy prices.NewsBusters has just learned Republicans will resume their demonstration Monday even though the summer recess has officially started.Will such a bold move garner more press attention as the revolt moves into the second inning?While you ponder…

It seems that even ABC's George Stephanopoulos is getting fed up with Congressional Democrats blocking efforts by Republicans to expand offshore oil drilling in order to bring down gas prices.On Sunday's "This Week," Speaker of the House Nancy Pelosi (D-Cali.) was asked repeatedly why she refuses to allow this issue to come to a vote.The look of disgust on Stephanopoulos's face as Pelosi mumbled…

Is reporter Michael Powell at the New York Times auditioning for Comic Relief? At next year's event, Powell's headline at his August 2 story (HT Weapons of Mass Discussion) about Obama's repeated hypocritical invocations and charges relating to race (of course, that's not how he sees it), along with his report's first 10 words, would bring the house down: With Genie Out of Bottle, Obama Is…

On Friday, NewsBusters wondered how much attention media would pay to the Republican revolt that occurred after Speaker Pelosi adjourned the House for a five week vacation without allowing a vote on offshore oil drilling.It turns out that if you rely on the evening news programs of the three broadcast networks, you didn't hear about this extraordinary event at all (photo courtesy AP). And, if you…

There was a rather extraordinary confrontation on the Senate floor Thursday involving offshore oil drilling that got very little press coverage. Minority Leader Mitch McConnell (R-Kent.) tried to get Democrats to vote on a measure that would open up such drilling if the price of gasoline reached a certain level.Although the "bidding" eventually reached $10 a gallon, Colorado's Ken Salazar…

In a stunning development, Republicans are currently staging a revolt against House Democrats who adjourned a few hours ago to head on a five week vacation instead of allowing a vote which would permit additional offshore oil drilling.UPDATE at end of post. As Politico reported moments ago:Minority Leader John Boehner (R-Ohio) and other GOP leaders opposed the motion to adjourn the House, arguing…

Former Federal Reserve chairman Alan Greenspan spoke with CNBC's Maria Bartiromo Thursday, and although a number of press outlets reported his concerns about the economy being close to a recession, his comments about high oil prices being a function of speculation and lack of supply went largely unnoticed.This boycott seems especially absurd as Congress is currently deadlocked on an energy bill…

Just heard Mark Levin mention this point on his show tonight. The item he referred to is from Mark Perry at istockanalyst.com, who commented on CNNMoney.com's coverage of Exxon Mobil's profit report today: According to CNN, Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.…