Oil & Gas Prices

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…

As NewsBusters has been reporting this week (see this and this), as the stock market hit new all-time highs, the media have been dour Nervous Nellies carping and whining about gas prices, the low value of the dollar, the housing slump, and the rising trade deficit. Yet, there are a variety of issues that press outlets have conveniently ignored during this record bull run that not only explain…

In last night’s CNN special on their upcoming YouTube debate, Paula Zahn previewed some of the video questions that had been sent in. The topics up for debate last night included faith and values, the environment and gay rights. Zahn led the segment on faith and values with the comment, “we are seeing an amazing variety of questions about faith and values for next Monday’s debate.” Unfortunately…