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Home Publications Blogs Beat the Press NYT Does Its Homework on Shale Gas [corrected]

NYT Does Its Homework on Shale Gas [corrected]

Monday, 27 June 2011 04:24

The NYT has an excellent piece today presenting evidence that the Energy Information Agency has been presenting an overly optimistic picture of potential shale oil reserves as a result of relying on industry claims instead of independent analysis.

It also has a piece on an rule change by the Securities and Exchange Commission that allowed gas companies to claim much larger reserves. Yesterday it ran a piece suggesting (based on internal e-mails and discussions with company insiders) that these companies were inflating their reserves in press releases and other company documents.

This is what newspapers are supposed to do.

Comments (3)Add Comment
written by eric, June 27, 2011 7:32
Wasn't that article about gas, not oil...?
written by diesel, June 27, 2011 8:17
Gee Dean, not only has the party not gotten going, but the invitations are just being sent out and you're already taking away the punch bowl.
The proverbial stopped clock
written by John Puma, June 27, 2011 4:33
In the very same issue, the NYT glorified Andrew Breitbart thereby more than canceling any whiff of legitimacy the shale article might have imparted.

Anyone want to start a pool to predict when the NYT will again do "what newspapers are supposed to do" WITHOUT a same issue over-ride?

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.