Oil & Gas Prices

CNN’s Wolf Blitzer pressed McCain campaign adviser Carly Fiorina about oil companies "awash in record profits" on Tuesday’s "The Situation Room." The CNN host used ExxonMobil as an example five different times in his questioning. "...ExxonMobil has got these billions and billions of dollars in record profits. They can afford to not necessarily get additional tax cuts."After Fiorina outlined…

The three broadcast network evening newscasts on Tuesday framed coverage, of a Democratic Senate plan to somehow lower gas prices by imposing a “windfall profits” tax on oil companies which they would just pass on to consumers, around how Republicans “blocked” the effort. No one cast any doubt on the presumption the oil companies are earning “windfall” and/or “excessive” profits. Fill-in NBC…

"Republicans Block Taxes on Big Oil Profits" blares the teaser headline on the front page of CBSNews.com. Under a graphic of the Capitol dome and a fuel gauge nearing empty, the caption reads "Senate GOP Stops Dems' Effort To Rein In Profits Of Largest Oil Companies As Gas Prices Soar."That's a lot of bias packed into 24 words, and that's before the reader gets to the actual article. Notice the…

Today's dramatic $6-a-barrel spike in oil has been blamed on a couple of factors - a forecast by Morgan Stanley (NYSE:MS) claiming oil would hit $150 a barrel by July and a weakening dollar off news unemployment increased half a percent for the month of May. But CNBC contributor John Kilduff, who is also the vice president of risk management for MF Global (NYSE:MF), told viewers on the June 6…

High gas prices strike again, says the "CBS Evening News." The June 3 "Evening News" blamed surging gas prices and General Motors reluctance to produce "more fuel-efficient vehicles" for closure of several plants, including one in Janesville, Wisc. "It's not just here and it's not just GM. Since 2005, the big three - GM, Ford and Chrysler - have had 70 plants and supplier shutdowns with a…

In a hard economic times story by NBC's Kevin Tibbles on Monday's "Today" show there was a not-so-subliminal pro-Obama message on display as several times pro-Obama signs found their way into the background. Reporting on the increased traffic to pawn shops by the desperate to make ends meet in the "rocky economy," Tibbles, didn't mention Obama by name but the Illinois senator's name or image…

Matching predictions from Reuters and Bloomberg, the government's Bureau of Economic Analysis told us this morning that the economy grew at an upwardly-revised annualized rate of 0.9%. As I've said frequently, this is nowhere near acceptable. But it sure as heck isn't a recession.Initial reaction to the news by the Associated Press's Jeannine Aversa was unfortunately predictable (bolds are mine…

On Wednesday’s CBS "Early Show" co-host Julie Chen introduced a segment on rising gas prices and what people are doing to ease the cost: "This morning in our series 'Running on Empty' the news gets worse about gas prices. They jumped 15 cents in one week to a national average of $3.94 a gallon, according to the Energy Department. That is a record price. And it's forcing some drivers to take…

The media have been quick to paint the slow-growing economy as though it's in recession. Indeed, as our friends at the Business & Media Institute discovered, the MSM now is painting the economy much worse than the print media reported the 1929 stock market crash that marked the beginning of the Great Depression.But kudos are due U.S. News & World Report's Rick Newman for staking out a…

If a new poll identified an overwhelming majority of Americans favored increased energy costs associated with a global warming bill currently before Congress, do you think media would report it?Probably 24 hours a day, seven days a week until every citizen had heard about it, correct?Well, on Wednesday, the National Center for Public Policy Research, an admittedly conservative think tank,…

Catching up with ABC, which in the past couple of weeks has featured complaints from viewers about how higher gas prices mean they can't afford breakfast and a woman who whined that she can “no longer take joy rides on my days off,” NBC Nightly News caught up Tuesday night with its own set of hapless Americans who claimed they are forced to grow their own food, two who went with burgers (!) over…

For several months, NewsBusters has been reporting the new horror movie genre "Global Warming's Gonna Kill You!"Entering the fray is M. Night Shyamalan, the writer/director of 1999's smash hit "The Sixth Sense."Set to open coincidentally on Friday, June 13, "The Happening" is Shyamalan's move "to milk global warming for all the terror and despair it's worth."So say USA Today's "Weather Guys" (…