Oil & Gas Prices

Imagine seeing this prediction on your television screen: "Oil will hit $150 or $200 during this commodity bull market." Makes you want to stockpile oil while it is priced at $98 a barrel, but such was the case on CNBC today. Credit Billionaire Jim Rogers, described as a commodities guru and a founding partner with the infamous George Soros of the Quantum Fund in 1970. He told Maria Bartiromo…

The Oil Prices That Stole ChristmasOn Tuesday, "Good Morning America" reporter Bianna Golodryga hyperventilated about high gas prices and highlighted a man who alleged that the cost of fuel is keeping him from going to church and that it could ruin Christmas. Golodryga piled on, suggesting that some Americans would be forced to eat "cheaper foods" such as pasta and peanut butter instead of fruits…

It seems like every day, the media complain about high gas prices. But it is not often that you hear that someone was so angry about pump prices they sent a death threat to an oil CEO.According to CNN's November 15 "American Morning" Shell president John Hofmeister has not just gotten hate mail.“Pretty brave that you decided to do this, you know you were heading out on tour, you didn’t just get…

In one of the more hyperbolic segments to air on "Good Morning America," ABC reporter Bianna Golodryga fretted that November's unusually high gas prices could lead to poor health, less church and no Christmas. On Monday's program, Golodryga warned viewers that unnamed "reports" allege that "some people are foregoing routine visits to the doctor and are opting for cheaper foods, like pasta and…

NewsBusters has been reporting for the last several years that in the midst of the media's fascination with global warming alarmism, the financial ramifications of proposed solutions to this potentially nonexistent problem have been almost universally ignored. On Tuesday, the Washington Post boldly broke with such disingenuousness by publishing a shocking front page article entitled "Climate is…

New York Times Magazine published a rather fascinating article Sunday about the rise of nationalized oil throughout the world. Predictably, it initially came off as a love letter to Venezuela's Hugo Chavez and his new brand of oil socialism. Yet, if you dig deeper - unfortunately offshore deeper in a very lengthy piece - author Tina Rosenberg ended up rather dissatisfied with "petrocracy," and,…

The Pittsburgh Tribune-Review recently published a story about Citgo gas stations in Pittsburgh finding a dip in gasoline sales. The piece sympathetically portrays Hugo Chavez, the America hating dictator of Venezuela, as a victim attacked by mean American boycotters even as they then claim at the end of the story that it isn't boycotters, but a down economy causing the dip (or maybe it isn't,…

For many months, NewsBusters has been warning readers that the hysteria being generated by the media and the Global Warmingist-in-Chief Al Gore concerning climate change would eventually begin to impact energy and economic policies. Following last Thursday's landmark decision in Kansas to not give an electricity producer a construction license for a coal-fired power plant due to global warming…