The Big Fracking Bubble: The Scam Behind Aubrey McClendon’s Gas Boom

It’s not only toxic – it’s driven by a right-wing billionaire who profits more from flipping land than drilling for gas

By Jeff Goodell – Rolling Stone Politics
March 1, 2012 8:00 AM ET

Aubrey 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.”

Read more: http://www.rollingstone.com/politics/news/the-big-fracking-bubble-the-scam-behind-the-gas-boom-20120301#ixzz1toUWuNvH


  • Guest

    Great journalism. Borrowing other’s work. You guys suck.

  • Anonymous

    It’s called a link. We clearly printed where the article is from and provided a link to the full article with only a snippet of the original. We do this maybe once a week… the other guys do it daily and multiple times. But, thanks for the compliment.