by Alec Kohut
So that means whether Saudi Arabia picks up the perceived disruption to come, or the Keystone Pipeline were up and running now, neither would make much of a difference now.
Exactly Neil. That’s what we’ve been saying for years, glad you agree.
Cavuto penned an article at Fox Business on June 17th that completely, and totally, destroys arguments made on his, and every show at Fox News, and Fox Business, that the Keystone XL Pipeline will lessen our dependence on middle eastern oil, and lower oil prices. Cavuto, in a rare display of honesty, had to admit that the Keystone Pipeline will do absolutely nothing to moderate oil prices here, or anywhere in the world.
Contradicting what he and his guests said just five days earlier on his show “Your World,” Cavuto demonstrates acute acumen in the reality of global oil prices:
Oil is a commodity, a global commodity, and like any stock in almost any market, it often trades on issues having little to do with basic fundamentals, and more to do with simple fear.
Let’s keep that in mind as this Iraq saga unfolds. The prevailing wisdom is that the better things look for the insurgents, the worse things look for oil and gas prices – again, whether or not supply is disrupted.
Cavuto explains how “fear, not facts” moves oil prices, and that actual supply demand do not move oil prices, but “perceived supply and demand” does. In other words, Neil Cavuto agrees 100% with Nancy Pelosi that is speculation, not supply and demand is creating higher oil prices.
But then the article gets really interesting, Cavuto claims this:
Fear will trump fact, which is why pushing Keystone in the middle of this, trumps fact as much as it trumps decency.
I’m all for making us more energy independent, and I’m all for being all in on all energy, including, wind and solar, as well as coal and oil. But using a civil war in Iraq to pitch a pipeline here is as crass as it is wrong.
Does Neil Cavuto forget that just five days before this he and his guests did EXACTLY that? Here’s an article from News Hounds that includes the June 12th clip of Cavuto using the Iraqi civil war to push for the Keystone Pipeline.
So Cavuto admits that he is indeed, "crass, wrong, and lacks decency."
Wouldn’t it be nice if everyone at Fox was so honest.