Oil & Gas Prices

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…

Although a Monday CBS Evening News story included a soundbite from an expert dismissing the idea as “preposterous,” the newscast treated a far-left conspiracy theory -- about how the Bush administration is somehow manipulating the pump price for gas to help in the election -- as credible and worthy enough to deserve a broadcast network story. Citing how the price of a gallon of gas has fallen to…