Dallas Business Journal: Does Vladimir Putin want Denton to ban fracking?

Who stands to benefit if Denton bans fracking? Those behind the petition drive say it will benefit the Denton residents because they won’t have to worry about wells being fracked less than 300 feet away from their homes, which is what happened to several neighborhoods in South Denton.

Economist Ray Perryman said the result will be millions of dollars and jobs lost for Denton, costing the city up to $251.4 million over 10 years.

Being the oil capital of the country and one of top producers of oil and gas worldwide, the stakes will be high when Denton voters cast their ballot on Nov. 4.

It could lead other cities to follow suit. But who else benefits? Russian President Vladimir Putin and his state-owned Gazprom Bank? That’s what Texas Railroad Commissioner David Porter said in a letter to U.S. Secretary of State John Kerry dated Sept. 8. He makes no specific mention of Denton’s petition drive or the upcoming referendum on fracking.
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