US intelligence: Putin funds anti-fracking campaign

Drew Johnson writes in Newsweek:

Buried within the U.S. intelligence community’s report on Russian activities in the presidential election is clear evidence that the Kremlin is financing and choreographing anti-fracking propaganda in the United States. By targeting fracking, Putin hopes to increase oil and gas prices, destabilize the U.S. economy and threaten America’s energy independence. …

Thanks to new technologies which are making the process more efficient and environmentally friendly, fracking now supports 4.3 million jobs and generates about half a trillion dollars in economic benefit to the United States every year. Additionally, natural gas prices have dropped in half thanks to the corresponding boost in supply, saving American families an average of $200 a year.

Fracking is the major reason why the United States is on pace to become completely energy independent by 2020. America relies on fracking to produce more than 1.5 billion barrels of oil a year — over half of the total U.S. oil output.

Russia sees all this as a threat.

You may recall that back in 2014, then–Secretary-General Anders Fogh Rasmussen of NATO warned of this:

I have met allies who can report that Russia, as part of their sophisticated information and disinformation operations, engaged actively with so-called non-governmental organisations – environmental organisations working against shale gas – to maintain European dependence on imported Russian gas.

 

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Jon Sanders / Research Editor and Senior Fellow, Regulatory Studies

Jon Sanders studies regulatory policy, a veritable kudzu of invasive government and unintended consequences. As director of regulatory studies at the John Locke Foundation, Jo...