Chesapeake Energy Says Environmental Extremists in Bed with New York Times
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Susan Phillips

Susan Phillips / WHYY
Billboard in Bradford County Pennsylvania where Chesapeake Energy has stepped up drilling for natural gas
Industry representatives are fiercely defending the âShale Revolution,â slamming Sundayâs New York Times piece about how the gas companies are exaggerating the extent of shale gas reserves. The article cited emails written by industry executives, scientists, and analysts, which question the hype on the abundance of the countryâs untapped natural gas. Chesapeake Energy CEO Aubrey McClendon appeared on CNBCâs Mad Money with Jim Cramer Tuesday night. McClendon rebuked the Times, saying âenvironmental extremistsâ manipulated reporter Ian Urbina.
Mad Moneyâs Jim Cramer has pushed investment in natural gas for years, saying it has the potential to wean the country off foreign oil, create jobs, and reduce greenhouse gases. Responding to Cramerâs questions about the leaked emails, McClendon shrugs off those sent by one of his own geologists, calling the scientist a novice. McClendon does make some convincing arguments that although the economics of gas drilling isnât creating a windfall with current prices, he says he hopes demand for natural gas will rise as the cost of oil rises. Thus pushing up the price of natural gas. And he points to big oilâs entry into the market as an indication that thereâs gold in them there hills of Pennsylvania.
Perhaps lease holders in Washington County could shed light on this debate by letting us know the recent trajectory of their royalty checks.
McClendon himself has donated hundreds of thousands of dollars to the campaigns of current Pennsylvania Governor Tom Corbett. The Philadelphia Daily News has a fascinating cover story Wednesday about McClendon written by Will Bunch.
The piece reveals how the Oklahoma City gas-man made his first donation to Corbett back in 2004, when Corbett was an obscure Pittsburgh lawyer running in a poorly covered race for state Attorney General. Corbett of course, is so pro-drilling, heâs threatened to veto an impact fee that could help struggling communities cope with the gas rush. Was McClendon clairvoyant when he made that investment in influence? As Bunch says, that early donation is a mystery that may never be solved.
With all the money invested, however, itâs unclear how much influence McClendon has with Corbett. State Impactâs own Scott Detrow reported the story of how Chesapeake and the Governor had a falling out.