Saturday, December 27, 2014

Ignorance of Media About Oil


                   
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.

When oil prices go down, the media overlooks that news.

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. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)





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