Oil & Gas Prices

On a regular basis, economic data released by the various government agencies responsible for doing such things is depicted negatively by America’s mainstream media. From unemployment to inflation to housing prices, regardless of the facts, the press typically report nothing but gloom and doom.Robert Samuelson in this week’s issue of Newsweek candidly informed readers why. After giving a synopsis…

Media Mantra: Unhappy Holidays                                                                        Pessimism about holiday sales went right through Christmas this year. Were consumers cheerful shoppers or Scrooges this Christmas season? The final sales data aren’t out yet, but the media have scared the dickens out of economy-watchers with the latter theory. As reported by the Free Market…

A recent report  published by the Gallup Organization stated: “a majority of U.S. investors continue to describe the current economy as being ‘in a slowdown’ or ‘recession’ as opposed to being ‘in a recovery’ or ‘sustained expansion.’” Regardless of continuously strong economic reports, such bearish assessments have been regularly portrayed by public opinion polls for several years. During this…

The media’s pessimistic holiday shopping forecasts fail to register with reality.Don't miss my latest at the Free Market Project:  Contrary to the media’s pessimistic forecasts for the Christmas shopping season reported by the Free Market Project in late October, strong retail sales this Thanksgiving weekend got the annual end-of-the-year buying bonanza off to a bang. In fact, the economic data…

You've come to Newsbusters because you want to see a concrete example of liberal bias. Who delivers that better than the New York Times? This is reality. We're 4 years out from the worst attack since Pearl Harbor, post dot-com crash, we've had more hurricanes than any year since some old man first started keeping track, and we just about had a major U.S. city -- an economically important city…

For those who missed it, the Federal Open Market Committee released minutes from its November 1 meeting on Tuesday, and the stock market rallied as a result. Yet, depending upon which Associated Press story you read, you were either elated or despondent. For instance, the AP’s Michael J. Martinez began his report: “Stocks extended their rally yesterday after the Fed's latest take on the economy…

A recent NewsMax piece (scroll down to article #2) gave high praise to yours truly. Please excuse the obviously shameless self-promotion, but I’m verklempt. Talk amongst yourselves. “Noel Sheppard isn't pulling any punches these days. “Sheppard has become an increasingly popular economic guru, and he could well be the political right's answer to noted liberal pundit Paul Krugman of The New York…

"Cheaper gas gets season rolling," trumpets the front page of the November 23 edition of USA Today, in a story that breaks the usual media template on "soaring" or "record" gas prices that the Free Market Project study documented in early November. USA Today's coverage of dropping gas prices continues on pages 8-9A with "Pump prices dip below $2 in some states; still up from '04," which is…