"Middle Eastern potentates have been acknowledging their nervousness over the hydrocarbon revolution that has seen American domestic oil production increase by 2 million barrels a day over the last two years, with much more to come as cutting edge American technology spreads around the world. OPEC’s days as the drivers of the global oil market may be in eclipse, especially if global demand for oil peaks, as has been forecast recently.
So if you’re a Middle Eastern country and you want to do something to slow this up, one thing you might do is try to funnel money to environmental organizations that want to stop fracking and keep land closed to new hydrocarbon production. We already saw Chesapeake Energy give over $25 million to the Sierra Club to fight against coal so as to increase demand for its natural gas.
Is there any evidence that Middle Eastern nations are funneling money to enviros? "...
