Oil & Gas Prices

This past week saw The Washington Post ask a classically liberal question: Is America more racist or sexist? Following the lead of this major paper, ABC’s Diane Sawyer asked the same question, adding a surreptitious angle. She wondered, "Is the nation, secretly, I guess, more racist or more sexist?"The "Good Morning America" host wasn’t through, however. On Tuesday, she offered the query again.…

Prior to the midterms, CNN ran a number of stories on falling gas prices and a possible conspiracy between the Republican Party and "Big Oil" to lower costs before the elections. Each piece hinted at a dark plot as the reason for declining prices. Well, the elections are over; Democrats are in power, and now America is in ‘a recovery.’ Introducing a segment on Wednesday’s "American Morning," co-…

With less then two weeks to go before the midterm elections, two separate programs, on two different networks, speculated that the Republicans are colluding with big oil to lower gas prices. The "Today" show wondered if this indicated "a vast right-wing conspiracy."Fox’s Geraldo Rivera speculated that America was seeing a case of "gas pump pimping." Meanwhile, ABC’s "Nightline" weighed in on…

Those of us that study the economy and how it is reported by the drive-by media are constantly amazed by how those covering financial issues continually misrepresent statistics to advance their agenda. No finer recent example has occurred than on “The Chris Matthews Show” Sunday when the host bemoaned new highs set by the Dow Jones Industrial Average last week as not accurately reflecting what is…

A common theme in the media the past couple of years has been that the world is running out of oil, and that energy prices will do nothing but head higher for the rest of time. Well, a University of Washington economic geologist issued a statement on Thursday not only refuting such contentions, but also claiming that we will never fully deplete the earth’s supply of black gold:If you think the…