The way to beat Vladimir Putin is to flood the European market with fracked-in-the-USA natural gas, or so the industry would have us believe.
I call this knack for exploiting crisis for private gain the shock doctrine, and it shows no signs of retreating. We all know how the shock doctrine works: during times of crisis, whether real or manufactured, our elites are able to ram through unpopular policies that are detrimental to the majority under cover of emergency.
Sure there are objections – from climate scientists warning of the potent warming powers of methane, or local communities that don’t want these high-risk export ports on their beloved coasts.
But who has time for debate? It’s an emergency! A 911 call ringing! Pass the laws first, think about them later.
Plenty of industries are good at this ploy, but none is more adept at exploiting the rationality-arresting properties of crisis than the global gas sector…