NBC Dismisses Oil Experts Who Foresee Falling Gas Prices

Business & Media Institute ^ | August 30, 2006 | Ken Shepherd

[TexasCajun]

Katie's little bitch

[saganite]

It's almost the end of the summer driving season, gasoline stocks are high and there are no hurricanes or other imminent disasters for the speculators to run with. If the trend continues downward and it looks like a boon to the Republicans come election time expect the media to shift their emphasis to higher heating oil prices for the winter.

[Gordongekko909]

Tibbles pointed to a “wake-up call from Chrysler (NYPSE: DCX) CEO Thomas LaSorda,” who said at his company they were “planning internally as if it [gasoline] is $3-to-$4-a-gallon.” Tibbles added that LaSorda “expects prices to remain that high for the rest of the decade.”

Bwahhahahahahaaa! Stupid Lauer. That's not a prediction. That's called "hedging their bets." Chrysler is building cars with better mileage just in case of a spike. Even if this were a prediction (which, I remind you, it isn't), I think I'd trust the oil analysts over him.

[MaestroLC]

If Matt wants to pay more at the pump, he should overpay. That will make him feel less guilt.

I'll be happy to pay less.

[KarlInOhio]

“The only place they have to go is down,” gasoline analyst Fred Rozell told reporter James Healey, adding, “We’ll be closer to $2 than $3 come Thanksgiving.”

Gas stations are just giving it away in Dayton, Ohio. Well, seriously the most common price is $2.399. Gaspricewatch.com lists $2.319 as the cheapest in the country and that's in one of Dayton's northern suburbs.

I have no idea why we are so low now.

[Waco]

Hezbocrats crap at rumor of cheaper gas/energy.

[L98Fiero]

"Chrysler is building cars with better mileage just in case of a spike."

That's what I got from the statement as well. Not sure how Lauer's twisted logic works.

[colorado tanker]

This is a really hot tip. If Matt says prices are going up, it's a sure thing to lock in futures going the opposite direction! Free money!

[Gordongekko909]

Not sure how Lauer's twisted logic works.

Let me sum it up for you: 1. Republicans are evil. 2. Evil people should not be in office. 3. Therefore, say things which will help keep Republicans out of office. The facts are irrelevant; the ideology is all.

[RightWhale]

“The only place they have to go is down,” gasoline analyst Fred Rozell

Riiiight.

[lilylangtree]

When price of oil drops to $30 a barrel and the gas prices drop to $1.50, then I'll believe that the sky is falling. But right now, bullsh*t, nothing's dropping to give the consumers a break.

[TheErnFormerlyKnownAsBig]

I have no idea why we are so low now.

Well, we know this much for sure, It's not Bush's fault.

[100-Fold_Return]

While the superficial and mythical housing bubble is what the CNBC's and their backers are trying to sell the working class, the oil bubble is the one about to pop, maybe sending sweet crude o maybe single digits quickly, with the tankers about to run out of docks to park against to take advantage of outrageous mega-bucks,

[econjack]

Exactly.

Also, this points out another thing that I've noticed that really pi$$e$ me off: More and more newscasters are passing off their own opinions as news. Lauer's words are but one example. Elizabeth Vargas was REALLY bad at this, especially if you count the "furrowed-brow" look as commentary.

If you want to try an experiment sometime, listen to the evening TV news, but don't watch it. You will be amazed how much "news" is actually off-the-cuff comments by both anchors and reporters. Another trick that's becoming more common is reporting the results of a survey that the news station itself administered. As everyone knows, you can skew the results of a survey just about anyway you wish by framing the questions to get the desired results. This "make-your-own" journalism is a dangerous joke.

[Loyal Buckeye]

fwiw, gas has dropped from $2.84 to $2.43 in one week in my neighborhood (Central Ohio) for the low octane.

[Gordongekko909]

Good news is, people are figuring this out and not getting their info from the MSM in droves.

[Lunatic Fringe]

"CEO Thomas LaSorda"

[econjack]

I sure hope so...and I hope it's enough of a loss in market share that it hits the MSM in the pocketbook.

[Gordongekko909]

Pa-ching!