- July 9, 2011
- Posted by: Art Berman
- Category: The Petroleum Truth Report
There is a carefully organized smear campaign orchestrated by powerful corporate interests (http://nlpc.org/stories/2011/07/07/ny-times-asked-investigate-shale-gas-bubble-series) to distract from my central argument that the shale gas plays are commercial failures.
I have a clean conscience about all of this and am willing to discuss it with anyone.
I told no one beyond my closest circle of family and friends about the upcoming New York Times article and I did not make any investments, nor did any of my clients or friends, make any investments that I know about based on the timing of its publication.
I was not shown any advance versions of the article and read it for the first time late Saturday, June 25 when it was published online.
I have no active investments in stock and have not for several months. Most of my investments are in REITs, bonds, or commodity funds.
Anyone who thinks that e-mails are confidential only needs to pay attention to the international news (WikiLeaks or any number of discovery cases) to realize that everyone should be careful about what is put in e-mail communications. I am not pleased about how the New York Times published e-mails that supposedly came through me, but I also think that those who believe that this kind of communication is secret and confidential must wake up to the real world.
I will fight the claims of wrong doing to the extent that this is productive, and believe that my record speaks for itself.
The real issue here is the truth about the economics and conduct of shale plays by the independent E&P companies.
All of the media innuendo is calculated to distract from the truth that the shale plays to date are non-commercial and that the companies involved have not been truthful about this.