TV News LIES

Wednesday, Apr 23rd

Last update07:43:01 AM GMT

You are here News Environment The Big Fracking Bubble: The Scam Behind the Gas Boom

The Big Fracking Bubble: The Scam Behind the Gas Boom

E-mail Print PDF

The Big Fracking BubbleAubrey McClendon, America's second-largest producer of natural gas, has never been afraid of a fight. He has become a billionaire by directing his company, Chesapeake Energy, to blast apart gas-soaked rocks a mile underground and pump the fuel to the surface.

"We're the biggest frackers in the world," he declares proudly over a $400 bottle of French Bordeaux at a restaurant he co-owns in his hometown of Oklahoma City. "We frack all the time. What's the big deal?"

McClendon dominates America's supply of natural gas the same way the Tea Party-financing Koch brothers control the nation's pipelines and refineries. Like them, McClendon is an influential right-wing power broker – he helped fund the Swift Boat attacks against John Kerry in 2004, donated $250,000 to the presidential campaign of Rick Perry, and contributed more than $500,000 to stop gay marriage.

But unlike his fellow energy czars, McClendon knows how to tone down his politics and present a friendlier, less ideological face to the public. He secretly gave $26 million to the Sierra Club to fight Big Coal, and built a Google-like campus for Chesapeake's 4,600 employees in Oklahoma City, complete with a 63,000-square-foot day care center, a luxurious gym and four cafes manned by cook-to-order chefs. He even voted for Barack Obama because he thought the country needed "an inspirational figure."

At 52, McClendon still looks like the whip-smart accountant he once aspired to be – crisp white shirt, polished shoes, a toss of white hair. To hear him tell it, the cleaner-than-coal fuel he produces will revive our faltering economy, free us from the tyranny of foreign oil and save the planet from global warming. "I have a fossil fuel that makes other fossil fuels obsolete," he boasts.

More...


Most Recent Related Stories...


Powerful line of storms could bring tornadoes, hail the size of baseballs

Hail, tornadoesAs parts of the central U.S. recover from a deadly outbreak of severe weather, a line...

Puerto Rico goes completely dark after another island-wide power outage

Puerto Rico The island of Puerto Rico is suffering another island-wide power outage, just months after a dayslong...

EPA begins layoffs of environmental justice staff

epa layoffsThe Environmental Protection Agency sent termination notices on Tuesday to staff who work on environmental justice...

Noaa fires hundreds of climate workers after court clears way for dismissals

Noaa workers fired Letters went out to hundreds of workers at the National Oceanic and Atmospheric Administration (Noaa) on...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!