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. https://t.co/UqT8DI5u2I
— Alexandria Ocasio-Cortez (@AOC) April 20, 2020
“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
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!
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.
BREAKING: US crude oil futures now negative — fall below $0 — for the first time in history pic.twitter.com/k0ffGZoKgR
— Shiv Aroor (@ShivAroor) April 20, 2020
Trump said he was working on stabilizing oil market back on Apr. 2. https://t.co/zkWJGXVQSZ
— Jim Acosta (@Acosta) April 20, 2020
“Trump said he was working on stabilizing oil market back on Apr. 2,” posted Acosta on social media.