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Economy

MEAN GREEN: AOC Tweets, Deletes Post About ‘Loving to See’ Collapse of US Oil Market, Loss of Jobs

posted by Hannity Staff - 4.21.20

Controversial Congresswoman Alexandria Ocasio-Cortez posted then quickly deleted a tweet this week that praised the dramatic plunge of American oil prices; saying she “loves to see” the collapse of an industry that employs millions of Americans.

“You absolutely love to see it,” Ocasio-Cortez tweeted Monday. “This along with record low-interest rates means it’s the right time for a worker-led, mass investment in green infrastructure to save our planet. *cough*”

Ocasio-Cortez later posted an updated message.

 

“This snapshot is being acknowledged as a turning point in the climate movement. Fossil fuels are in long-term structural decline. This along w/ low interest rates means it‘s the right time to create millions of jobs transitioning to renewable and clean energy. A key opportunity,” posted AOC.

Read the full report at Business Insider.

BREAKING NEWS: Oil Prices Plummet 70%, Crude Now Cheapest in History, Under $5 PER BARREL

posted by Hannity Staff - 4.20.20

The American oil industry continued to reel during the Coronavirus pandemic Monday, with future indicators dropping approximately 70% and sending prices under $5 per barrel.

“U.S. crude prices plunged to their lowest level in history as traders continue to fret over a slump in demand due to the coronavirus pandemic. The price of the nearest oil futures contract, which expires Tuesday, was the hardest hit, detaching from later month futures contracts with a drop of more than 50%. This suggests that some believe there could be a recovery later in the year,” reports CNBC.

West Texas Intermediate crude for May delivery tanked 76%, or $13.96, to $4.31 per barrel, its lowest level on record. Meanwhile international benchmark, Brent crude, which has already rolled to the June contract, traded 5.6% lower at $26.49 per barrel. The June WTI contract, which expires on May 19, fell about 10% to $22.54 per barrel. The July contract was roughly 5% lower at $28 per barrel,” adds the website.

This is a developing story. Check back for updates.

DEAR DIARY: CNN’s Jimmy Acosta Blames Global Oil Prices During Coronavirus on… Donald Trump!

posted by Hannity Staff - 4.20.20

CNN senior White House Correspondent Jim Acosta continued his all-out obsession with Donald Trump Monday; suggesting the President was responsible for global oil prices during the worldwide Coronavirus pandemic.

 

“Trump said he was working on stabilizing oil market back on Apr. 2,” posted Acosta on social media.

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