The Power & Results Of The NYT Gas Reporter: Add SEC Subpoenas
The disgraced NYT Gas Reporter today self-importantly tells his readers that the Securities Exchange Commission served subpoenas on unnamed gas drilling companies as result of his June 26th article that accused the shale gas industry of being a ponzi scheme filled with Enrons.
As I said on June 26th, that day's article just about called for FBI raids. SEC subpoenas will have to do for now.
The power of the press is considerable and abused at times as the News Corps scandal highlights. As a reporter of the NYT, the rogue gas reporter is gratingly self-important, but he does wield a mighty pen that convinces many and makes the federal government jump.
Just consider what the NYT gas reporter has wrought.
He has triggered massive testing of Pennsylvania's waters for radiation; made EPA Region 3 to make a show of policing the Pennsylvania Department of Environmental Protection within a week of his February 27th story; caused the Energy Information Administration to explain itself to members of the US House of Representatives and to testify to the US Senate at a hearing on
whether it was cooking the books on shale gas supply; and now the SEC has reportedly issued subpoenas and is apparently investigating whether a or some gas companies have broken any laws governing representations to investors.
The NYT reporter is not being ignored. He cannot be, since he is employed by the NYT that influences millions, especially on the East coast. He has power, but what does his power serve, anything more than his own person and the commercial success of the NYT?
The results of the testing, hearings, and investigations unleashed by the February and June NYT gas stories already disprove that Pennsylvania's waters were polluted with radiation from gas drilling and that the EIA bosses were cooking its data on shale gas supplies. They prove that these stories were substantially false.
In response to his February 27th story creating the false specter that Pennsylvania's waters and drinking water were contaminated with radionuclides, massive radiation testing of streams and tap water were conducted by the Pennsylvania Department of Environmental Protection, the Pittsburgh Water and Sewer Authority, Pennsylvania American Water Company, and 14 other water companies.
All that testing has proven that Pennsylvania's waters are not poisoned with radiation, but that has not compelled the NYT to report prominently or at all the results, the facts, the test results. No big sunday story saying, "Pennsylvania Waters Safe; NYT Story Wrong."
The original false story lives on, grotesquely deforming opinion, leading or allowing others to this day to repeat the NYT's original falsehood that gas drilling has poisoned with radiation drinking water in Pennsylvania.
As for the reckless charge that EIA was cooking the shale gas supply books, the EIA boss at the US Senate hearing put all the facts transparently on the witness table, including how the rogue NYT gas reporter manipulated emails by malicious redaction to create a false appearance of impropriety. At the same hearing, MIT reaffirmed its assessment confirming massive shale gas supplies in America and its judgment that 500 trillion cubic feet of shale gas could be produced at a gas price of $6 for a thousand cubic feet.
Yet, the lie that the EIA cooked the shale gas books will live on vampire like.
And now the shale gas industry that produced in 2000 less than 1% of US gas supplies and currently supplies 25% of US natural gas, more than 16 billion cubic feet, will have to answer subpoenas and work under the ponzi, Enron cloud.
But just like the charges about radiation and EIA book cooking, the idea that the shale gas industry is a big ponzi scheme is smashed by 16 billion cubic feet of production, numerous independent reserve studies, and $4 natural gas that shale gas production has made real.
The NYT gas reporter has the power of a reckless charge printed in the NYT and that is considerable. It changes events and the short-run behavior of the federal government. It does not change the truth.
As I said on June 26th, that day's article just about called for FBI raids. SEC subpoenas will have to do for now.
The power of the press is considerable and abused at times as the News Corps scandal highlights. As a reporter of the NYT, the rogue gas reporter is gratingly self-important, but he does wield a mighty pen that convinces many and makes the federal government jump.
Just consider what the NYT gas reporter has wrought.
He has triggered massive testing of Pennsylvania's waters for radiation; made EPA Region 3 to make a show of policing the Pennsylvania Department of Environmental Protection within a week of his February 27th story; caused the Energy Information Administration to explain itself to members of the US House of Representatives and to testify to the US Senate at a hearing on
whether it was cooking the books on shale gas supply; and now the SEC has reportedly issued subpoenas and is apparently investigating whether a or some gas companies have broken any laws governing representations to investors.
The NYT reporter is not being ignored. He cannot be, since he is employed by the NYT that influences millions, especially on the East coast. He has power, but what does his power serve, anything more than his own person and the commercial success of the NYT?
The results of the testing, hearings, and investigations unleashed by the February and June NYT gas stories already disprove that Pennsylvania's waters were polluted with radiation from gas drilling and that the EIA bosses were cooking its data on shale gas supplies. They prove that these stories were substantially false.
In response to his February 27th story creating the false specter that Pennsylvania's waters and drinking water were contaminated with radionuclides, massive radiation testing of streams and tap water were conducted by the Pennsylvania Department of Environmental Protection, the Pittsburgh Water and Sewer Authority, Pennsylvania American Water Company, and 14 other water companies.
All that testing has proven that Pennsylvania's waters are not poisoned with radiation, but that has not compelled the NYT to report prominently or at all the results, the facts, the test results. No big sunday story saying, "Pennsylvania Waters Safe; NYT Story Wrong."
The original false story lives on, grotesquely deforming opinion, leading or allowing others to this day to repeat the NYT's original falsehood that gas drilling has poisoned with radiation drinking water in Pennsylvania.
As for the reckless charge that EIA was cooking the shale gas supply books, the EIA boss at the US Senate hearing put all the facts transparently on the witness table, including how the rogue NYT gas reporter manipulated emails by malicious redaction to create a false appearance of impropriety. At the same hearing, MIT reaffirmed its assessment confirming massive shale gas supplies in America and its judgment that 500 trillion cubic feet of shale gas could be produced at a gas price of $6 for a thousand cubic feet.
Yet, the lie that the EIA cooked the shale gas books will live on vampire like.
And now the shale gas industry that produced in 2000 less than 1% of US gas supplies and currently supplies 25% of US natural gas, more than 16 billion cubic feet, will have to answer subpoenas and work under the ponzi, Enron cloud.
But just like the charges about radiation and EIA book cooking, the idea that the shale gas industry is a big ponzi scheme is smashed by 16 billion cubic feet of production, numerous independent reserve studies, and $4 natural gas that shale gas production has made real.
The NYT gas reporter has the power of a reckless charge printed in the NYT and that is considerable. It changes events and the short-run behavior of the federal government. It does not change the truth.
9 comments:
Someone, particularly John Hanger, needs to look up the definition of the word "libel". Because he more than flirts with it in that fantastic piece of garbage.
Ian Urbina... "The disgraced NYT Gas Reporter".
It seems to me Hanger has gone a little overboard trying to blame Ian Urbina for the Security Exchange Commission's investigation.
The SEC is acting on reports that the industry themselves made to investors and to the government.
Hanger defends the industry enough to make me wonder if he played a roll in it. This all started under his watch.
Glad I'm not his shoes.
9:06, I doubt that the NYT would ever bring a libel lawsuit against John Hanger as that would only bring to public light some truth about themselves. I sometimes wonder who or what is behind some of these stories that are cooked up mainly to sway public opinion about one thing or another. The 7/28 article "The great frack attack, The war on natural gas" sheds some light on it. The news media can be a most excellent tool to use for propaganda purposes.
Follow the truth and you shall see the light.
What are you getting at 10:26? That somehow the NY Times made up this crap about discrepancies in what certain industry players reported to the feds vs what they announced to share holders?
Look at WHO is investigating them and clear the beer bubbles out your brain. It's the SEC...and they stated clear as day on their filing report....
We are investigating discrepancies between what the industry has reported to the federal government and what they are reporting to shareholders.
This has ZIP, NADA, NOTHING to do with the NY Times. The industry themselves are resopnsible for this investigation.
And frankly, Hanger should shut his wholly bought and paid for pie hole before he destroys what little is left of his pathetic reputation.
11:09, I don't know what the root of your anger could be, if any, but it appears as though your opinions are based upon some emotional response. In Hangers article the first paragragh and the second and third to last paragragh speak volumes. I eagerly await the findings of the SEC investigation and I do hope that they will be published here be they positive or negative against whomever. I will make a prediction that IF the SEC finds any wrongdoing by any company in the gas industry, the anti gas industry people such as maybe yourself and some at the NYT will ues it to further demonize the entire industry.
I'm not against drilling or the NY Times or even the industry.
As a taxpaying citizen of PA, I'm mad as hell about being lied to consistently and repeatedly by the big players in this industry. Whether it's about the environmental impact of the whole process or the economic impact of the whole process.
And don't ever forget, the entire NY Times series is founded on communications between EPA and the industry that the EPA tried like hell to keep hidden from the American public.
speeking of being lied to ... what surprizes are we in for once our leaders pass the debt-ceiling blunder?
a jump in unemployment.
Post a Comment