Wednesday, July 6, 2016

SEC Charges "Frack Master" Chris Faulkner With $80 Million Fraud

From:  Truth Out 

Wednesday, 06 July 2016 00:00  
By Sharon Kelly, DeSmogBlog | Report  

At the start of June, Chris Faulkner, Chief Executive Officer of Breitling Energy, was a high-flying shale company executive and media darling, often interviewed on CNN, Fox Business News and even the BBC. During his most recent appearance on CNN on June 2nd, he weighed in on the financial prospects for drillers who survive low oil prices despite the spate of bankruptcies sweeping the shale industry.

It was hardly the first time the Texas oilman aired his views on the national stage. "The era of coal is coming to an end," Mr. Faulkner told The New York Times in June 2014. "We are entering the era of natural gas."

"Instead of rejecting promising new energy-extraction techniques, citizens should work with responsible energy companies to preserve the benefits of fracking, while stamping out current abuses," he said in the Wall Street Journal in August of the same year.  MORE