OilPrices http://mrc.org/taxonomy/term/5042/all en New Iranian Submarine Threat Could Send Oil to $200 a Barrel http://mrc.org/articles/new-iranian-submarine-threat-could-send-oil-200-barrel <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p >You might wonder how the media – and, more to the point, the oil markets – have missed an important story like this.</p> <br /> <p >On Aug. 8, <st1:place w:st="on"><st1:country-region w:st="on">Iran</st1:country-region></st1:place> announced over its state-run airwaves <a href="http://www.cnsnews.com/news/article/70728" />that four new submarines were added to its fleet</a>. But very little has been said about the potential havoc this technological advance could allow the Iranians to play with the world oil markets.</p><p><a href="http://mrc.org/articles/new-iranian-submarine-threat-could-send-oil-200-barrel" target="_blank">read more</a></p> Articles Business and Media Institute Economy Iran OilPrices submarines Mon, 09 Aug 2010 20:04:14 +0000 admin 27143 at http://mrc.org 'Dr. Doom' Roubini to Synagogue Audience: Israeli Air Strike on Iran 'Would Lead to Another Global Recession' http://mrc.org/articles/dr-doom-roubini-synagogue-audience-israeli-air-strike-iran-would-lead-another-global-recess <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p >With European economies on the brink and other emerging markets slowing down, is there any possible way things could get worse?</p> <br /> <p >As if the public needed any more evidence we’re living in perilous times, Dr. Nouriel Roubini, professor of economics at New York University's Stern School of Business and co-author of <a href="http://www.politics-prose.com/book/9781594202506" />“Crisis Economics: A Crash Course in the Future of Finance,”</a> warned that there is one single event that could push the global economy down even further. </p><p><a href="http://mrc.org/articles/dr-doom-roubini-synagogue-audience-israeli-air-strike-iran-would-lead-another-global-recess" target="_blank">read more</a></p> Articles Business and Media Institute Economy Iran OilPrices Recession Roubini Fri, 14 May 2010 16:49:38 +0000 admin 27280 at http://mrc.org CNBC Guest Host Explains How TARP is Driving Up Oil Prices http://mrc.org/articles/cnbc-guest-host-explains-how-tarp-driving-oil-prices <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>Chalk another one up to the law of unintended consequences.</p><p>Last fall, the media promoted <a href="http://businessandmedia.org/articles/2008/20081008150955.aspx"></a>the $700-billion TARP bailout. During the weeks and months leading up to that bailout, they <a href="http://businessandmedia.org/articles/2008/20081008150955.aspx"></a>were also on board with cracking down on oil speculators for driving up the price of oil. But now it seems the TARP program is contributing to oil speculation.</p><p><a href="http://mrc.org/articles/cnbc-guest-host-explains-how-tarp-driving-oil-prices" target="_blank">read more</a></p> Articles Business and Media Institute Energy Bailout CNBC GasPrices OilPrices oilspeculation richardbernstein TARP Mon, 03 Aug 2009 20:13:41 +0000 admin 26661 at http://mrc.org Media's Gas Price Crystal Ball Is Murky http://mrc.org/commentary/medias-gas-price-crystal-ball-murky <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/dan-gainor">Dan Gainor</a> </div> </div> </div> <p >News by its very nature is unpredictable. Too bad many journalists don’t seem to understand that fact.</p> <br /> <p >Ever since gasoline prices began a wild ride in 2004, the media have been obsessed with predicting future energy prices. Gasoline, we were told, would hit $5 a gallon. Or $6, or $7. Or maybe even $12 or $15. </p><p><a href="http://mrc.org/commentary/medias-gas-price-crystal-ball-murky" target="_blank">read more</a></p> Commentary Business and Media Institute GasPrices networks OilPrices Predictions Mon, 15 Dec 2008 18:19:29 +0000 admin 29680 at http://mrc.org The Media's Top 10 Worst Economic Myths of 2008 http://mrc.org/articles/medias-top-10-worst-economic-myths-2008 <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/julia-seymour">Julia A. Seymour</a> </div> <div class="field-item even"> <div class="field-label-inline"> By</div> <a href="/author/paul-detrick">Paul Detrick</a> </div> </div> </div> <p ><em>Each year the Business & Media Institute looks back on the year's news and selects the top 10 worst economic myths. Here is our 2008 list:</em></p> <p > </p> <p >10. Capitalism is dead or dying.</p> <p >9. Gas at $4-a-gallon, blame the oil companies.</p> <p >8. Fannie’s failure</p> <p >7. Barack Obama sends stocks soaring, but not sinking.</p> <p >6. Alternative energy: All gain, no pain</p> <p >5. The economy has a fever and the only prescription is more bailouts.</p> <p >4. Attack of the Killer Tomatoes</p> <p >3. Oil prices will skyrocket to $200 a barrel, gas to $15.</p><p><a href="http://mrc.org/articles/medias-top-10-worst-economic-myths-2008" target="_blank">read more</a></p> Articles Business 157morecomparisons abc AIG AlternativeEnergy AutoBailout bailoutfever BarackObama BearStearns BenBernanke BigThree bloomberg capitalismisdead CarolCostello cbs CEO CNBC CNN ErinBurnett ethanol exxonmobil Exxonprofits FannieMae FDR FreddieMac GasPrices GeorgeStephanopoulos GreatDepression greenenergy IBD JeffreySachs JimAxelrod JimCramer killertomatoes LouDobbsTonight MadMoney marketfailure MattLauer MichaelMoore MurrayRothbard NBC NewDeal newnewdeal Obamaeffect oilcartel OilCompanies OilPrices OPEC pro-bailout Rally RichardEngel Rob salmonellascare SquawkBox stockmarket TimeMagazine tomatoindustry Top10 WallStreetJournal WashingtonPost Thu, 11 Dec 2008 20:40:45 +0000 admin 25713 at http://mrc.org CNBC Contributor Proposes Higher Taxes on Cheap Energy http://mrc.org/articles/cnbc-contributor-proposes-higher-taxes-cheap-energy <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; Oil – it’s often called the lifeblood of the American economy and when the prices are high, it takes its toll on the <st1:place w:st="on"><st1:country-region w:st="on">U.S.</st1:country-region></st1:place> economy. </p><p>&nbsp;</p><p><a href="http://mrc.org/articles/cnbc-contributor-proposes-higher-taxes-cheap-energy" target="_blank">read more</a></p> Articles Business and Media Institute Business AlternativeEnergy CapandTrade CNBC DevonEnergy DianeSwonk domesticdrilling GasolineTaxes GasPrices LerryNichols MesirowFinancial NaturalGas OilPrices RahmEmanuel SquawkBox Fri, 07 Nov 2008 20:26:10 +0000 admin 25788 at http://mrc.org ABC Admits Doom-and-Gloom Gas Price Forecasts Were Wrong http://mrc.org/articles/abc-admits-doom-and-gloom-gas-price-forecasts-were-wrong <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p >     As gas prices climbed during summer, broadcast networks relentlessly supplied an onslaught of high gas price segments. But as prices plummeted, ABC admitted that its gas price predictions were wrong.</p> <br /> <p >     The Oct. 14 “World News with Charles Gibson” reported falling gas prices and finally told viewers its own forecasts of prices soaring even higher in the short term were incorrect. </p><p><a href="http://mrc.org/articles/abc-admits-doom-and-gloom-gas-price-forecasts-were-wrong" target="_blank">read more</a></p> Articles Business and Media Institute Economy 5agallon abc GasPrices OilPrices OPEC SharynAlfonsi WorldNewswithCharlesGibson Wed, 15 Oct 2008 14:47:44 +0000 admin 25855 at http://mrc.org Friedman on Bailout: Gov't Should Mandate Green Construction http://mrc.org/articles/friedman-bailout-govt-should-mandate-green-construction <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; It was just a matter of time. Now that government has taken over services normally offered by private corporations as a result of the recent series of bailouts, environmentalists have proposed green building requirements be incorporated into new mortgages.</p><p>&nbsp;</p><p><a href="http://mrc.org/articles/friedman-bailout-govt-should-mandate-green-construction" target="_blank">read more</a></p> Articles Business and Media Institute Government BearStearns BigThree bubble Chrysler ethanol foodshortages Ford GasPrices GM governmentbailout greenbuilding LEED NewYorkTimes OilPrices ThomasFriedman WallStreet Wed, 24 Sep 2008 17:38:39 +0000 admin 25911 at http://mrc.org 'Economic Disaster' Brought to You By Obama, News Networks http://mrc.org/commentary/economic-disaster-brought-you-obama-news-networks <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/dan-gainor">Dan Gainor</a> </div> </div> </div>      The American economy is a “disaster.” The media have been singing that song for at least a year. When a presidential candidate recites the refrain, it’s news.<br /> <br />     Or it should be. <br /> <br />     But in the election of 2008, such a ridiculous claim earned Democratic Sen. Barack Obama compliments from the mainstream media, not well-deserved critique.<br /> <p><a href="http://mrc.org/commentary/economic-disaster-brought-you-obama-news-networks" target="_blank">read more</a></p> Commentary Business and Media Institute AlRoker AndreaMitchell BarackObama BillClinton dot-com JakeTapper JohnMcCain LarryKudlow NBC OilPrices Recession Today Thu, 28 Aug 2008 21:33:13 +0000 admin 29712 at http://mrc.org Carter: Oil Industry Will Hold Down Prices to Help Republicans http://mrc.org/articles/carter-oil-industry-will-hold-down-prices-help-republicans <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/paul-detrick">Paul Detrick</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; Former president Jimmy Carter predicted on August 27 that “oil companies will hold down oil prices a little bit, you know, to try to help the Republican ticket.”</p><p>&nbsp;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp; Carter, who was talking to co-host Harry Smith on “The Early Show” that morning, also said that the economy would be the most important issue, “as it was when Bill Clinton was elected the first time.”</p><p>&nbsp;</p><p><a href="http://mrc.org/articles/carter-oil-industry-will-hold-down-prices-help-republicans" target="_blank">read more</a></p> Articles Business and Media Institute Politics BillClinton CNN GregHunter harrysmith JackCafferty JimmyCarter oilpriceconspiracy OilPrices TheEarlyShow Wed, 27 Aug 2008 20:57:00 +0000 admin 25966 at http://mrc.org Bill Maher: 'People Get Stupider and Stupider Every Election Cycle' http://mrc.org/articles/bill-maher-people-get-stupider-and-stupider-every-election-cycle <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; Only on MSNBC, the self-proclaimed “Place for Politics,” could you find a meeting of the minds like this. As a part of its Democratic convention coverage, the network featured “Countdown” host Keith Olbermann interviewing HBO “Real Time” host Bill Maher on August 25.</p><p>&nbsp;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp; Olbermann asked Maher if the country was at an “all-time low politically” or if it just seemed that way because there is no historical frame of reference for negative campaigning. </p><p>&nbsp;</p><p><a href="http://mrc.org/articles/bill-maher-people-get-stupider-and-stupider-every-election-cycle" target="_blank">read more</a></p> Articles Business and Media Institute Politics BillMaher Countdown DemocraticConvention GasPrices HBO KeithOlbermann Kudlow&Company LarryKudlow MSNBC obama offshoreoildrilling OilPrices RealTime Tue, 26 Aug 2008 13:11:55 +0000 admin 25972 at http://mrc.org CBS Highlights Southwest's Smart Business Practices http://mrc.org/articles/cbs-highlights-southwests-smart-business-practices <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; CBS News finally found a reason to praise one company for oil speculation, despite past criticism of the practice.</p><p>&nbsp;</p><p><a href="http://mrc.org/articles/cbs-highlights-southwests-smart-business-practices" target="_blank">read more</a></p> Articles Business and Media Institute Business airlines cbs EveningNews hedging jetfuel NancyCordes oilfutures OilPrices oilspeculation SouthwestAirlines southwesteffect Tue, 19 Aug 2008 20:15:07 +0000 admin 25983 at http://mrc.org ABC's Gibson Guilts Exxon CEO http://mrc.org/articles/abcs-gibson-guilts-exxon-ceo <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; Perhaps Charles Gibson was trying to vent on behalf of Americans paying higher prices at the pump. In an <a href="http://abcnews.go.com/Business/story?id=5574568&amp;page=1"></a>interview about record oil company profits August 13 on “World News,” Gibson pressed ExxonMobil CEO Rex Tillerson on issues of conscience rather than good business.</p><p>&nbsp;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gibson suggested Exxon’s record profits were “obscene,” and asked Tillerson to “justify” the company’s success. </p><p>&nbsp;</p><p><a href="http://mrc.org/articles/abcs-gibson-guilts-exxon-ceo" target="_blank">read more</a></p> Articles Business and Media Institute Business abc API CharlesGibson exxonmobil GasPrices MediaBias OilIndustry OilPrices recordprofits RexTillerson WorldNews Thu, 14 Aug 2008 14:40:41 +0000 admin 25989 at http://mrc.org CNBC Blog Credits Obama with Oil Drop http://mrc.org/articles/cnbc-blog-credits-obama-oil-drop <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/dan-gainor">Dan Gainor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp; The price of oil continues to plunge – off more than $25 a barrel from its high. Naturally, someone was bound to credit … Democratic presidential candidate Barack Obama. Only one problem, the financial expert who did so is also a recent Democrat donor. </p><p>&nbsp;</p><p><a href="http://mrc.org/articles/cnbc-blog-credits-obama-oil-drop" target="_blank">read more</a></p> Articles Business and Media Institute Energy Environment BarackObama CNBC election JohnKingston MediaBias MillerTabak+Co. oil OilPrices StuartFrankel TonyCrescenzi Mon, 04 Aug 2008 21:03:40 +0000 admin 26007 at http://mrc.org Israel-Iran Tension Causing Oil Price Surge, CNBC Analyst Says http://mrc.org/articles/israel-iran-tension-causing-oil-price-surge-cnbc-analyst-says <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In early trading on June 6, the price of a barrel of oil rose $6 and was holding steady at near-record highs in excess of $133. According to CNBC contributor John Kilduff, a high-ranking Israeli official caused the spike when he commented on tensions between <st1:country-region w:st="on">Israel</st1:country-region> and <st1:place w:st="on"><st1:country-region w:st="on">Iran</st1:country-region></st1:place>. </p><p>&nbsp;</p><p><a href="http://mrc.org/articles/israel-iran-tension-causing-oil-price-surge-cnbc-analyst-says" target="_blank">read more</a></p> Articles Business and Media Institute Business CNBC EhudOlmert Iran Israel JohnKilduff MFGlobal MorganStanley nuclear OilPrices Reuters ShaulMofaz SquawkontheStreet TheCall Fri, 06 Jun 2008 15:35:26 +0000 admin 26138 at http://mrc.org