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    Mother Jones: Big Oil's New Pitch: Fracking Means Never Having To Fear Putin

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Summary

Oil and gas companies want Washington to believe that fracking can save Ukraine from Russia. It can't.

by: Sruthi

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Press Notes

Mother Jones: Big Oil's New Pitch: Fracking Means Never Having To Fear Putin

As Ukraine sinks deeper into crisis, the oil and gas industry is pressing the United States to deploy its abundant natural gas supply as a weapon against Russia—and lawmakers of both parties are lining up behind the proposal. "We have this natural-gas boom," Rep. Pat Tiberi (R-Ohio) said last week, after the downing of a Malaysia Airlines jet, allegedly by pro-Russian rebels. "We can use this newfound energy as a diplomatic tool to give the European leaders some backbone in standing up to the Russians."

Their enthusiasm is understandable: Roughly half the natural gas Russia ships to Europe flows through Ukraine. During past disputes, Russia has clamped down on the nation's gas supply, creating turmoil in European energy markets. Many US politicians fear this dynamic could dampen Europe's response to the Ukraine crisis and have begun looking to the bounty of natural gas from the domestic fracking boom to counter Russia's energy dominance. As House Speaker John Boehner put it in a March Wall Street Journal Op-Ed, "The ability to turn the tables and put the Russian leader in check lies right beneath our feet, in the form of vast supplies of natural energy."
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