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Rising oil prices were covered with different angles on all three newscasts. On NBC, Trish Regan of CNBC, its sibling financial news cable channel, kicked off with the school bus angle. CBS launched a series Changing Times with Nancy Cordes listing anecdotes of lifestyle changes prompted by high gasoline prices--more mass transit use, moves from suburbs to cities, switches from SUVs to hybrids, more bicycles and a free plug for dividetheride.com, which enables radical carpooling. CBS' Armen Keteyian attended hearings on Capitol Hill into the role of commodity speculation in driving up the cost of crude. On ABC, Ryan Owens (embargoed link) noted the speculators are a factor--but so is the weak US dollar and the so-called risk premium, the cost to ensure continued supply in the face of interruption from geopolitical or weather factors.
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