InvestorsHub Logo

F6

Followers 59
Posts 34538
Boards Moderated 2
Alias Born 01/02/2003

F6

Re: fuagf post# 180827

Thursday, 08/23/2012 8:42:32 PM

Thursday, August 23, 2012 8:42:32 PM

Post# of 478758
University of Texas Compounds Conflict Question in Review of Gas Report


Norman R. Augustine heads a panel reviewing a gas-drilling study.
Bob Gathany/The Huntsville Times, via Associated Press


By ANDREW C. REVKIN
August 22, 2012, 1:37 pm

As I wrote recently, the University of Texas, Austin, appropriately initiated an independent review [ http://dotearth.blogs.nytimes.com/2012/07/24/university-of-texas-will-review-fracking-study ] of the report from its Energy Institute on gas drilling using hydraulic fracturing, or fracking, methods. The review was ordered after the Public Accountability Initiative, a nonprofit research group, pointed out previously undisclosed financial ties [ http://public-accountability.org/wp-content/uploads/ContaminatedInquiry.pdf ] between a leader of the report, Charles Groat, and a drilling company.

Last week, however, the same watchdog group pointed out that the announced leader of the independent review [ http://www.utexas.edu/news/2012/08/13/experts-examine-ut-hydraulic-fracturing-study/ ], Norman Augustine, a past presidential science and technology adviser [ http://clinton2.nara.gov/WH/EOP/OSTP/NSTC/html/pcast-members.html ] and leader of important technical assessments for NASA [ http://spectrum.ieee.org/aerospace/space-flight/norman-augustine-on-human-spaceflight ] and Congress [ http://dotearth.blogs.nytimes.com/2010/09/27/gathering-storm-approaching-category-5/ ], is receiving substantial payments from ConocoPhilips [ http://public-accountability.org/2012/08/ut-austin-chooses-oil-gas-industry-insider-to-review-fracking-report/ ] for past service on the board of directors.

The university has defended the choice [ http://www.mysanantonio.com/business/article/Fracking-study-reviewer-has-oil-industry-ties-too-3794547.php ], noting Augustine’s record of achievement as an analyst of tough technical and scientific questions. The editorial board of the San Antonio Express newspaper said Augustine’s “ties to the energy industry clearly disqualify him from leading an independent review [ http://www.mysanantonio.com/opinion/editorials/article/Misstep-adds-to-doubts-about-study-3804671.php ].” I think it’s a close call [sorry, Andrew, you pretender, but like hell it is, categorically open and shut that Augustine's disqualified to even sit on, let alone head, any 'independent' review] given his clear record of public service, but agree with the paper’s view that the school could have chosen more carefully.

And, if it still had settled on Augustine, the university could have been more completely forthcoming about his substantial income from ConocoPhillips, a company that — as the NPR regional news project State Impact reported last week [ http://stateimpact.npr.org/texas/2012/08/15/review-panel-announced-for-controversial-fracking-study-chaired-by-former-oil-executive/ ] — calls itself “one of the nation’s largest natural gas producers [ http://www.powerincooperation.com/EN/Pages/index.htm ].”

Click here for more background on this issue [ http://dotearth.blogs.nytimes.com/?s=university+texas+fracking+groat ], and the importance of disclosing potential conflicts of interest ahead of time if credibility and impact are goals.

© 2012 The New York Times Company

http://dotearth.blogs.nytimes.com/2012/08/22/university-of-texas-compounds-conflict-question-in-review-of-fracking-report/ [with comments]



Greensburg, KS - 5/4/07

"Eternal vigilance is the price of Liberty."
from John Philpot Curran, Speech
upon the Right of Election, 1790


F6

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.