Media Business Ignorance and Slant

The report whenever gasoline prices at the pump hit a new high, immediately followed by news of record oil company prices is an example of ignorance and slant.

The connection is obvious and so the public remains ignorant of the fact that oil company profits average only 8 cents on a dollar of revenues.

And that the administration is holding back new drilling and refining capability.

So what else is new? (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)