Oil & Gas Prices

Here's something you don't see every day on the front page of a major American newspaper: an article about how the rising demand for ethanol has sent corn and grain prices so high that it's resulted in more people around the world going hungry. Even more shocking: the article in question was on the front page of Saturday's New York Times. In a piece entitled "As Prices Soar, U.S. Food Aid…

It has been regularly reported by NewsBusters that media are doing everything in their power to withhold from the public the financial ramifications of global warming alarmism. Be it the marketing of totally useless carbon offsets, or proposals for additional taxes on consumers and corporations, press outlets have been seemingly coordinated in their silence regarding such matters. Another…

At the same time Alan Greenspan is out defending the Bush administration from the "no blood for oil" crowd, a man accused of illegally buying and selling oil from Saddam Hussein's Baathist regime is being put on trial.Looking at the case of Oscar Wyatt, one soon realizes that that Iraq war opponents were hardly the pure and innocent people that the media usually makes them out to be. The leadup…

It's fitting that now that he's left his post as chairman of the Federal Reserve, Alan Greenspan's words are being as closely scrutinized as they were back in his days at the Fed. Not carefully enough, though, it seems.Over the weekend, a media firestorm errupted after the Washington Post printed a news article claiming that in his memoirs, Greenspan said the ouster of the Saddam Hussein…

Matt Damon dressed as gas pump? Ben Affleck as an ear of corn? No, it’s not “Good Will Hunting,” the sequel. It’s a new set of videos promoting ethanol mandates on the Web site cleanmyride.org. The Clean My Ride site is run by the Center for American Progress Action Fund, an arm of the liberal think tank Center for American Progress. The purpose of Clean My Ride is to urge Congress to mandate…

So, you want to use corn to reduce the nation's dependence on foreign oil, huh? Have you thought through all of the ramifications first? For instance, how are cattle ranchers going to afford to feed their cows, and what might that do to the availability of beef around the country and its price? Clearly, such issues weren't fully considered before Congress decided to mandate the use of ethanol…

Just how far is all this global warming nonsense going? Well, on Tuesday, four senators proposed a bill that would create a new federal bureaucracy to oversee the growing multi-billion dollar carbon trading market. Just what we need, right? Another monolithic bureaucracy, this one designed to help solve a problem the existence of which is greatly questioned. As Duke University reported…