• 20 hours Wealthy Investors Have Been Fleeing Stocks Since April
  • 2 days Thorium Could Kickstart A New Nuclear Boom
  • 3 days Is A Massive Gold Rally On The Horizon?
  • 3 days Can Tesla Really Produce A $25,000 Self-Driving Electric Car?
  • 4 days Gold Miners Brace For Seasonal Downturn
  • 4 days The Silver Plunge Continues
  • 5 days 7 COVID Vaccine Stocks To Plan Upside Moves
  • 5 days Rhodium Climbs Reaches Record Highs
  • 6 days Tesla Tumbles After Battery Day Fails To Impress
  • 6 days Three Energy ETFs To Watch This Decade
  • 7 days What To Do With $2 Trillion In Suspicious Bank Transactions?
  • 8 days How The Stock Market Predicts Electoral Victory
  • 8 days Tesla's "Battery Day" Could Deal A Blow To Cobalt Miners
  • 9 days New TikTok Deal Hopes To Bypass National Security Concerns
  • 9 days Where Will Gold Go From Here?
  • 10 days COVID-19 Is Fueling A Pastic Waste Crisis
  • 10 days Gold Output Set To Decline
  • 11 days Uber And Lyft Look To Go Electric
  • 12 days COVID-19 Is Crushing Palladium Demand
  • 13 days This ‘Once-Boring’ Tech Company Is Now Super Hot
This Battery Could Last For 28,000 Years

This Battery Could Last For 28,000 Years

US startup NDB says it…

Will Big Oil's Plastic Bet Pay Off?

Will Big Oil's Plastic Bet Pay Off?

Big oil’s major bet on…

How COVID-19 Could Change Elections Forever

How COVID-19 Could Change Elections Forever

With the world’s gaze increasingly…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing for news outlets such as iNVEZZ, Oilprice.com…

Contact Author

  1. Home
  2. News
  3. Breaking News

How Russia Attacked U.S. Energy Markets

hackera

Russia has been trying to interfere with U.S. energy markets and influence U.S. energy policy by using Russian operatives to troll social media platforms with divisive and inflammatory posts, a report by House Republicans has revealed.

The report—issued by the United States House of Representatives Committee on Science, Space, and Technology—includes examples of Russian-propagated content on Facebook, Twitter, and Instagram, targeting U.S. energy markets and domestic energy policy.

“Russian-sponsored agents funneled money to U.S. environmental organizations in an attempt to portray energy companies in a negative way and disrupt domestic energy markets,” the report said.

“Documents that the American social media companies produced for the Committee confirmed that Russian agents were exploiting American social media platforms in an effort to disrupt domestic energy markets, suppress research and development of fossil-fuels, and stymie efforts to expand the use of natural gas,” the Republicans’ report says.

“By posting content that supports positions held by both liberals and conservatives alike, the Russians used social media to instigate and inflame discord in the United States. Russian social media manipulators intentionally injected foreign propaganda into American political discourse. These Russian agents are only interested in creating discord in America while hiding behind an anonymous and misleading social media pseudonym, as demonstrated by the highly divisive, often contradictory posts provided in this report.” Related: Europe’s Newest Tax Haven

The Chairman of the U.S. House Science, Space, and Technology Committee, Lamar Smith (R-Texas) said in a statement, commenting on the report:

“Russia benefits from stirring up controversy about U.S. energy production. U.S. energy exports to European countries are increasing, which means they will have less reason to rely upon Russia for their energy needs. This, in turn, will reduce Russia’s influence on Europe to Russia’s detriment and Europe’s benefit. That’s why Russian agents attempted to manipulate Americans’ opinions about pipelines, fossil fuels, fracking and climate change. The American people deserve to know if what they see on social media is the creation of a foreign power seeking to undermine our domestic energy policy.”

Nevertheless, the United States is on track to soon become the world’s top crude oil producer, ousting Russia from the current no.1 spot, according to the International Energy Agency (IEA).

The House Science, Space, and Technology Committee top Democrat, Representative Bernice Johnson, said that Democrats had not participated in the report, but noted that Republicans were not as keen to look into Russia’s possible influence on the U.S. presidential election.  

“To ignore known meddling in the very foundation of our democracy while focusing solely on Russia’s influence on the U.S. energy market -- a market that is currently booming -- seems irresponsible at best,” Johnson told Bloomberg in an emailed statement.

By Tsvetana Paraskova via Oilprice.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment