AOC Cheers Oil Crash and Economic Downturn

When hard-working Americans head to the polls in November, they may want to burn a few radical left-wing comments into their minds.

During the previous administration, Obama boasted that “If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them.”

On the campaign trail during the run-up to the 2016 election, Hillary Clinton uttered her infamous anti-American worker statement: “We’re going to put a lot of coal miners and coal companies out of business.”

Now comes socialist Democrat New York Rep. Alexandria Ocasio-Cortez (AOC) who recently cheered the fact U.S. oil teeters on the brink of collapse and bankruptcy.

“You absolutely love to see it,” AOC tweeted. “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.”

For everyday Americans who cringed at liberal late-night talk show hosts that wished for the destruction of the U.S. economy and millions of working families pushed to unemployment lines, the COVID-19 pandemic is them getting the dreams fulfilled. Their derangement was targeting the fact that President Donald Trump restored the American economy.

Under the leadership of President Trump, the U.S. had achieved energy independence for the first time in more than a half-century. America became a net oil exporter and broke the shackles of Middle East oil reliance. The America First agenda put thousands of people to work in the energy sector and helped create a robust economy. But global economies shuttered and stay-at-home mandates drastically reducing the demand for gas and diesel. U.S. crude oil prices recently went over the cliff.

“We will never let the great U.S. Oil & Gas Industry down. I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future!” President Trump tweeted.

According to reports, pricing plummeted by as much as 300 percent. The May U.S. benchmark suffered a “new low of minus $37.63 a barrel.” That means that oil producers would have to pay to have the worthless product hauled away. Some experts predict that West Texas Intermediate futures will only rise to $12.14 a barrel by June, which would make production unprofitable.

“Even if we get the COVID-19 shelter-in-place protocols lifted by April 30 and we start to see some pop in demand, you are going to have so much oil sitting in tanks that, regardless of production cuts, you are still looking at a massive glut of oil going into the third quarter,” The Schork Report energy newsletter founder Stephen Schork said.

In an effort to cost-effectively replenish the U.S. Strategic Petroleum Reserve and minimize oil-sector disruption, President Trump plans to get 77 million barrels off the market.

Upwards of 7 million Americans work in the energy sector, tallying more than 7 percent of the total workforce. Oil and natural gas have added the most jobs in recent years and are driving factors in low unemployment levels. Apparently, AOC and her left-wing extremist Democrat allies that celebrate the country’s economic plight care little for those American families.


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