On Monday, U.S. oil prices fell below zero for the first time ever, shocking observers and raising doubts about the solvency of oil and gas companies coming out of the coronavirus crisis and the oil selling war between Saudi Arabia and Russia. These negative prices were distressing news for the U.S. economy, threatening the livelihoods of oil and gas workers and the availability of the gasoline Americans will need after the crisis ends. Yet Rep. Alexandria Ocasio-Cortez (D-N.Y.) saw them as a reason to celebrate.
“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. *cough*”
In other words, AOC found the negative prices not only a reason to celebrate but another excuse to push her radical Green New Deal legislation. Except, the Green New Deal would not be “worker-led,” of course. The green big government boondoggle would not just devastate America’s energy sector and cost all those workers their jobs, but it would require the government to tax the life out of the rich, the middle class, and probably the poor, too.
But you know what they say, never let a
n opportunity — oh, sorry, I mean a crisis — go to waste, right?
Even Ocasio-Cortez seems to have had some shame, however. She deleted the tweet but not before it had been saved for eternity.
House Minority Whip Rep. Steve Scalise (R-La.) was among those calling out AOC’s despicable words.
“Oil & gas workers are losing their livelihoods. Rep. Ocasio-Cortez’s response was ‘you absolutely love to see it.’ Then she deleted it because she doesn’t want people to see the truth: Dems are willing to sacrifice people’s jobs & livelihoods for their radical socialist agenda,” Scalise tweeted.
AOC had retweeted independent journalist Brandon Smith, who noted that “oil prices [are] now at ‘negative values,’ meaning oil producers have to pay people to take it off their hands and store it because when demand plunges (like now), that is less expensive for them than building more storage and/or shutting wells down.”