Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Washington Post Avoids F-Word in Story About Falling Oil Prices
NewsBusters ^ | December 15, 2014 | P.J. Gladnick

Posted on 12/15/2014 1:08:58 PM PST by PJ-Comix

It is the F-word that dares not speak its name at the Washington Post. At least not in the WonkBlog story about plunging oil prices by Chris Mooney. That word is "fracking."

Mooney is notorious for his antipathy towards fracking but his failure to attribute the large increase in U.S. oil production to it is laughable. Here is Mooney noticing that oil prices are going way down but fails to credit it to you-know-what due to his ideology:

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy
KEYWORDS: chrismooney; demagogicparty; energy; fracking; hydrofrac; memebuilding; oil; opec; partisanmediashill; partisanmediashills; washingtoncompost; washingtonpost
Navigation: use the links below to view more comments.
first previous 1-2021-29 last
To: PJ-Comix

Worldwide oil consumption is 90 million barrels per day. I would say the falling demand for oil due to sluggish world economies has been a bigger factor in plunging oil prices than has fracking.

In the USA oil production from fracking accounts for about 3 million barrels daily. Hardly a pittance when compared to worldwide production.


21 posted on 12/15/2014 2:32:35 PM PST by Presbyterian Reporter
[ Post Reply | Private Reply | To 1 | View Replies]

To: mmichaels1970

Yes - in a fair market, low cost production wins. (for commodities especially)

A problem occurs when private enterprise competes with state sponsored/owned companies. The state can, for sustained periods, make decisions that public companies cannot, because they are not held to a ‘smart business - worth my investment’ standard. There are no shareholders and markets there to make sure that the business decisions make sense for the business.

The Saudis have that “advantage” of making anti-competitive decisions without stock market or governmental oversight token them honest.


22 posted on 12/15/2014 2:43:39 PM PST by Triple (Socialism denies people the right to the fruits of their labor, and is as abhorrent as slavery ea)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Triple
This situation sure cries out for consideration of a protective tariff, applied to OPEC. Hey, if they’re willing to embargo us, they have no legit beef against a protective tariff. Live by economic warfare . . .

23 posted on 12/15/2014 3:10:53 PM PST by conservatism_IS_compassion ("Liberalism” is a conspiracy against the public by wire-service journalism.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: jacquej

Yes. Also a hedge protects against a drop in price. Most were indeed hedged and protected out for a year or so against this loss.


24 posted on 12/15/2014 6:19:32 PM PST by TheThirdRuffian (RINOS like Romney, McCain, Christie are sure losers. No more!)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Presbyterian Reporter

Before the oil price slump the US reached about 8.5 million barrels a day.


25 posted on 12/15/2014 7:28:51 PM PST by American Constitutionalist (The Keystone Pipeline Project : build it already Congress !)
[ Post Reply | Private Reply | To 21 | View Replies]

To: American Constitutionalist

That’s domestic production.


26 posted on 12/15/2014 7:33:50 PM PST by American Constitutionalist (The Keystone Pipeline Project : build it already Congress !)
[ Post Reply | Private Reply | To 25 | View Replies]

To: PJ-Comix
The oil REMAINS in the ground...until the price rises and they can frack again.

Good point.

27 posted on 12/15/2014 8:20:22 PM PST by GOPJ (Lieawatha/Obama - Obama for the tint on his skin. Lieawatha for what's missing between her legs...)
[ Post Reply | Private Reply | To 5 | View Replies]

To: American Constitutionalist

Crude oil production in the USA before the fracking surge beginning around 2005 was 5+ million barrels daily. Current USA crude production is 8.5 million barrels daily.

Horizontal drilling/fracking accounts for about 3+ million barrels daily of this increase offset by decreases in the existing conventional wells.

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=A


28 posted on 12/16/2014 8:29:39 AM PST by Presbyterian Reporter
[ Post Reply | Private Reply | To 25 | View Replies]

To: MileHi

I always think of the new Battlestar Galactica whenever the word comes up...


29 posted on 12/16/2014 8:31:45 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
[ Post Reply | Private Reply | To 17 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-29 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson