Continuing Fox News’ tradition of airing false or misleading information and graphics, Special Report anchor Bret Baier last night displayed suspiciously truncated graphs plotting the change in prices of natural gas and crude oil.
The graphs spanned from 2019 to 2021, a notably short snapshot in time, in order to further the narrative that commodities prices have increased dramatically under the Biden administration. But these graphs ignore the effect of the COVID-19 pandemic, which made commodity prices fall drastically in 2020. Fox News is trying to sensationalize dismal global prices amid a pandemic and erroneously blame these numbers on one nation’s president.
The crude oil graph cites Western Texas Intermediate (WTI) for oil prices, but a 10- or 25-year timespan would have painted a much more accurate view of crude oil price fluctuations. Truthfully, current prices of crude oil seem to be skyrocketing because the COVID-19 pandemic has slowed global trade and travel since 2020. And Baier was correct to point out that prices for natural gas have been increasing for three years, but it would have been more accurate to note that natural gas prices have reached a seven-year high, showing that this increasing trend is not new.
Here is the segment: