Lee Raymond

Mon, 2014-03-17 13:39Steve Horn
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Why ExxonMobil's Partnerships With Russia's Rosneft Challenge the Narrative of U.S. Exports As Energy Weapon

In a long-awaited moment in a hotly contested zone currently occupied by the Russian military, Ukraine's citizens living in the peninsula of Crimea voted overwhelmingly to become part of Russia.

Responding to the referendum, President Barack Obama and numerous U.S. officials rejected the results out of hand and the Obama Administration has confirmed he will authorize economic sanctions against high-ranking Russian officials.

“As I told President Putin yesterday, the referendum in Crimea was a clear violation of Ukrainian constitutions and international law and it will not be recognized by the international community,” Obama said in a press briefing. “Today I am announcing a series of measures that will continue to increase the cost on Russia and those responsible for what is happening in Ukraine.” 

But even before the vote and issuing of sanctions, numerous key U.S. officials hyped the need to expedite U.S. oil and gas exports to fend off Europe's reliance on importing Russia's gas bounty. In short, gas obtained via hydraulic fracturing (“fracking”) is increasingly seen as a “geopolitical tool” for U.S. power-brokers, as The New York Times explained. 

Perhaps responding to the repeated calls to use gas as a “diplomatic tool,” the U.S. Department of Energy (DOE) recently announced it will sell 5 million barrels of oil from the seldom-tapped Strategic Petroleum Reserve. Both the White House and DOE deny the decision had anything to do with the situation in Ukraine.

Yet even as some say we are witnessing the beginning of a “new cold war,” few have discussed the ties binding major U.S. oil and gas companies with Russian state oil and gas companies.

The ties that bind, as well as other real logistical and economic issues complicate the narrative of exports as an “energy weapon.”

Fri, 2013-12-13 07:00Steve Horn
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Former Chesapeake Energy CEO Aubrey McClendon Buys Fracking Wells In Ohio's Utica Shale

Former Chesapeake Energy CEO and Founder Aubrey McClendon is back in the hydraulic fracturing (“fracking”) game in Ohio's Utica Shale in a big way, receiving a permit to frack five wells from the Ohio Department of Natural Resources on November 26. 

“The Ohio Department of Natural Resources awarded McClendon's new company, American Energy Utica LLC, five horizontal well permits Nov. 26 that allows oil and gas exploration on the Jones property in Nottingham Township, Harrison County,” a December 6 article appearing in The Business Journal explained. “In October, American Energy Utica announced it has raised $1.7 billion in capital to secure new leases in the Utica shale play.”

McClendon is the former CEO of fracking giant Chesapeake Energy and now the owner of American Energy Partners, whose office is located less than a mile away from Chesapeake's corporate headquarters.

The $1.7 billion McClendon has received in capital investments for the purchase of 110,000 acres worth of Utica Shale land came from the Energy & Minerals GroupFirst Reserve Corporation, BlackRock Inc. and Magnetar Capital.

McClendon — a central figure in Gregory Zuckerman's recent book “The Frackers” — is currently under investigation by the U.S. Securities and Exchange CommissionHe left Chesapeake in January 2013 following a shareholder revolt over his controversial business practices.

In departing, he was given a $35 million severance package, access to the company's private jets through 2016 and a 2.5% stake in every well Chesapeake fracks through June 2014 as part of the Founder's Well Participation Program.

Little discussed beyond the business press, McClendon has teamed up with a prominent business partner for his new start-up: former ExxonMobil CEO Lee Raymond.

Wed, 2012-06-13 10:19Chris Mooney
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The New ExxonMobil: Has the Tiger Changed Its Stripes?

For a decade, now, I’ve been a reporter on climate science. And one of my earliest stories was a Mother Jones cover, exposing ExxonMobil’s funding of think tanks that support climate denialism. The piece was actually nominated for a National Magazine Award. It got around.

With this article and others, I contributed a great deal to a narrative that others, notably Greenpeace and this blog, were also forging: Climate science was under attack by corporate interests; leading the charge was ExxonMobil.

As it turns out, if anything that story now appears more accurate than we knew at the time. But there’s a crucial caveat to it—it may not be so accurate any longer, due to changes at the top of the company.

How do we know this? Simple: We read New Yorker writer and Pulitzer Prize winning investigative reporter Steve Coll’s new book Private Empire: ExxonMobil and American Power. I just reviewed this lengthy work in the journal Democracy. You can read the full review here, but I want to summarize the key salient points regarding climate change (the book covers much more than that) below.

Throughout the First Half of the 2000s, ExxonMobil Was Perhaps Even Worse than We Knew.

Wed, 2006-12-20 14:55Ross Gelbspan
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For this enviros celebrated the US Election results? Oy!

“The [human] race of which you and I are a part, is great at having consensuses that are in great error. And so I want to get the scientific facts, and find out what the situation is…”

These words were uttered by:

(1) Bjorn Lomborg,

(2) Christopher Monckton,

(3) former Exxon CEO Lee Raymond,

(4) Rep. John Dingell, incoming Democratic chair of the House Energy and Commerce committee
Thu, 2006-11-02 08:37Ross Gelbspan
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Exxon Veteran Raymond the "Jack Abramoff" of Climate Concern

In response to the news that the Bush Administration has tapped former ExxonMobil Lee Raymond to head up a panel to plot America's energy futureone critic said:  “It's like putting Jack Abramoff in charge of fighting corruption.”
Thu, 2006-10-26 08:28Ross Gelbspan
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Bush Taps Former Exxon CEO to Chart U.S. Energy Future

The Bush administration has appointed former ExxonMobil CEO Lee Raymond and the National Petroleum Council to chart America's energy future. Raymond, chair of the NPC, is to provide the administration with policy recommendations for the long-term direction of the nation's energy policy. Raymond was granted the power to handpick the study's leadership.
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