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Oil Drilling in Environmentally Sensitive Areas: The Role of the Media

Author

Listed:
  • Mark Weisbrot
  • Nichole Szembrot

Abstract

This paper examines television news coverage of proposed drilling for oil in environmentally sensitive zones in the United States. It finds that these broadcasts almost completely ignored data, and conclusions, from the U.S. Department of Energy’s Energy Information Agency (EIA). The EIA finds that the benefits from such drilling would be too small to have a significant effect on the price of oil. There is no legitimate reason for this omission in the media. Just as economic reporting regularly uses data (unemployment, inflation, GDP, trade) from the U.S. Bureau of Economic Analysis, or Bureau of Labor Statistics, reporting on energy relies on data from the EIA.

Suggested Citation

  • Mark Weisbrot & Nichole Szembrot, 2008. "Oil Drilling in Environmentally Sensitive Areas: The Role of the Media," CEPR Reports and Issue Briefs 2008-24, Center for Economic and Policy Research (CEPR).
    • Handle: RePEc:epo:papers:2008-24
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    File URL: http://www.cepr.net/documents/publications/media_drilling_2008_09.pdf
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    More about this item

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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