Former CIA Director Woolsey Suggests Lowering Oil Prices as Response to Russian Hacking

by Melanie Hunter CNSnews:

Former CIA Director James Woolsey suggested Sunday that instead of reacting to Russian hacking with cyberattacks or deterrence, the U.S. could lower the price of oil by allowing “methanol with an M instead of just gasoline” for cars.

“Just because cyber is what came at us probably from Russians doesn’t mean we go back with cyberattacks or deterrence or anything. For example, you could take steps to lower the price of oil by letting substitutes in for driving cars, methanol with an M instead of just gasoline. That will drive the price of oil and gasoline down rather substantially,” Woolsey told ABC’s “This Week with George Stephanopoulos.”

“You can’t think of anything that’s going to, a, be more of a problem for Russia, and b, be more helpful to American consumers and industry than that,” Woolsey said.

Woolsey served as CIA director under President Bill Clinton. President-elect Donald Trump recently hired Woolsey to serve as senior adviser on intelligence, national security, and defense.

“Donald Trump keeps saying it could be China or someone in bed. Is that possible?” ABC’s Martha Raddatz asked.

“Well, the Chinese are good, and one of the things you do in cyber is try to look like somebody else, so to have your hacking look like somebody else’s hacking, but there’s — looks like there’s a building consensus on this,” Woolsey said.

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