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Babs embraces the fishwrap of record...

...and the smell isn't attractive.  Via WHCU:

Local state Assemblywoman Barbara Lifton is calling for federal and state investigations into hydraulic fracturing after a series of New York Times articles raised concerns about the industry this week.

The reports show industry insiders questioning whether companies are as well-off as they claim, comparing gas drilling to the housing or dot-com industries right before they crashed.

Lifton says there now needs to be greater oversight of the industry from both the state and federal government.

Really.  Funny, but a piece at Hot Air begs to differ:

...The Gray Lady blew a spectacular bit of smoke with a recent article that suggested shale natural gas production is a shaky investment at best and, at worst, a Ponzi scheme of sorts, destined to devastate those who buy the “lie” that shale plays will not only produce high profits for companies, but will also provide affordable energy for the country.

The piece — “Insiders Sound an Alarm Amid a Natural Gas Rush” — appeared in the Sunday New York Times and implied natural gas companies intentionally or even illegally overstate the productivity of their wells and the size of their reserves. The article mentioned by name (among others) Aubrey K. McClendon, CEO of Chesapeake Energy Corporation, the second-largest producer of natural gas in the country. The piece juxtaposed a McClendon quote — “It’s time to get bullish on natural gas” — with supposed “facts” that suggest no reason to be bullish exists.

By Sunday night, McClendon had already responded to the inaccurate and misleading article. In an internal all-staff e-mail, McClendon reminded Chesapeake employees of the facts NYT reporter Ian Urbina conveniently chose to ignore. Yesterday, McClendon published much of the same information to the Chesapeake website...

...McClendon was hardly alone in his reaction to the article. Energy in Depth compiled a list of some 25 responses to it, from experts in government, academia, industry and peer media, all to the same effect: The NYT article misstated the truth about natural gas...

Natural gas just might be the energy solution environmentalists say they want, but actually can’t stand because nothing would put them out of business faster.

Absolutely, positively read the whole thing.

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