Oil & Gas Prices

On Tuesday’s "Good Morning America," co-host Diane Sawyer and reporter Claire Shipman hyperbolically investigated "soaring" gas prices. After noting that oil companies have been publically presenting their explanations, she wondered, "But are they true? We put them to the truth test." Apparently, it's ABC that needs the "truth test." Diane Sawyer’s intro included this comment from Gulf Oil…

As another summer driving season approaches, media outlets cannot resist again hyping dire stories about the supposed “record high” price of a gallon of gas when, adjusted for inflation, the current $3.10 average for a gallon of regular unleaded gasoline is still lower than in 1981. ABC was out front Monday night with the fallacious reporting. World News anchor Charles Gibson teased up top, “…

Have you seen the picture on the right showing a Shell station in San Francisco with gas prices in excess of $4 per gallon? Well, there’s only one problem with it: this isn’t close to indicative of what gas prices are in the Bay Area. Not even close.Yet, the following was captioned next to this Associated Press picture at Yahoo Thursday (h/t NB reader Brian Mortimer, emphasis added):High gas…

A cartoon in the May 13 "Sunday Briefing" on page F2 of the Washington Post furthered a left-wing talking point against "Big Oil" that a comprehensive study by the Federal Trade Commission (FTC) debunked last year: that oil companies artificially manipulate gas prices by squeezing supply.A cartoon from the Newark Star-Ledger's Drew Sheneman depicts a man fueling his car asking a cigar-smoking "…

With gasoline prices going up, Diane Sawyer worries they will continue to rise. With stock prices going up, the same Sawyer worries they will experience a crash of historic proportions.Sawyer's guest on Good Morning America today at 7:15 AM EDT was Mellody Hobson, a GMA financial contributor. Here's how Sawyer kicked things off.GMA CO-HOST DIANE SAWYER: Will runaway gas prices keep soaring,…

For several years as oil and gas prices have exploded, a frequent media commentary has been to blame the problem on President Bush. Either he didn’t do enough to stop a hurricane from hitting New Orleans, or it’s due to the war in Iraq, or he should talk to Iran, or it’s due to Cheney’s having run Halliburton – whatever the specious connection, the White House has been routinely at fault.Yet,…

Despite being the lone Conservative on Friday’s “Real Time,” National Review contributor Lisa Schiffren might have had the best line of the evening when she accused comedian and actor Richard Belzer of emulating the “Rosie O’Donnell School of Foreign Policy.”As the discussion moved to Iraq, Belzer advanced the common liberal meme that the war was all about oil:And now the Democrats are…

Here’s an extraordinarily inconvenient truth the press will likely not report: a “cap-and-trade” program designed to curb carbon emissions in order to "solve" global warming will negatively impact the poor the most.Think Charlie, Brian, and Katie will do a story on this tonight?Regardless of the answer, the reality is that as folks like soon-to-be-Dr. Al Gore and his sycophant devotees recommend…

The Dow Jones Industrial Average soared past the 13,000 level on Wednesday, but the CBS and ABC evening newscasts reported the good news in the media's all-too-frequent “yes, but” framework. CBS Evening News anchor Katie Couric fretted that “even as investors are making money in the market, Anthony Mason reports there are concerns tonight about the rest of the U.S. economy.” Mason talked with a…