She didn't actually love to see it.
- Apr 21, 2020 Ocasio-Cortez perhaps saw the oil drop as an opportunity to push her proposed framework — which Senate Majority Leader Mitch McConnell sought last year to treat as formally proposed legislation.
- Alexandria Ocasio-Cortez on Monday denounced the 'audacity' of oil giant Shell after it waded into the global discussion about the climate crisis by asking members of the public what they would do to reduce carbon emissions.
- Apr 21, 2020 In a more cautiously-worded tweet about 40 minutes after the first one, Ocasio-Cortez linked to the same post on the oil price situation, and said, 'This snapshot is being acknowledged as a turning point in the climate movement. Fossil fuels are in long-term structural decline.
An amendment filed by Rep. Alexandria Ocasio-Cortez (D-N.Y.) to the Energy-Water title of the House's second fiscal 2021 spending package has struck a nerve with the nation's pipeline industry.
New York Rep. Alexandria Ocasio-Cortez deleted a tweet Monday in which she proclaimed to 'absolutely love to see' U.S. oil prices plummet to historic lows because of the coronavirus pandemic.
'You absolutely love to see it. 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,' Ocasio-Cortez wrote in the since-removed tweet amid news that the price for a barrel of U.S. crude oil had dropped to a previously unheard of -$36 per barrel.
The progressive Queens-Bronx congresswoman's snarky post sparked intense outrage from right-wing commentators.
'Leftist Congresswoman, BA economics degree holder, and former high school science prize winner AOC wants you to know she thinks the devastation of our oil industry and the impending loss of tens-of-thousands of jobs is something she ‘LOVES TO SEE,'' conservative talk radio host Buck Sexton tweeted.
Within hours, Ocasio-Cortez had deleted the tweet and replaced it with a couple of posts that made the same argument without introducing her point with the 'love to see it' preface.
'Fossil fuels are in long-term structural decline. This along with low-interest rates means it‘s the right time to create millions of jobs transitioning to renewable and clean energy. A key opportunity,' tweeted Ocasio-Cortez, who's a co-sponsor of the so-called 'Green New Deal,' which aims to aggressively combat climate change and overhaul the U.S. economy.
Demetrius Burns, a Twitter user who described himself as an oil worker from Texas, tweeted back at Ocasio-Cortez that the COVID-19 outbreak has resulted in mass layoffs in his industry.
'I don't have a college degree, so if this industry goes under I'll be out of a job,' Burns wrote.
Ocasio-Cortez quickly tweeted back at Burns: 'What we need to do is bring workers like you to the table in our transition to renewable infrastructure, and guaranteeing pensions for fossil fuel workers. If you see what is happening to coal workers, the mines get $ and workers are hung to dry. We can't allow for that to happen.'
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Rep. Alexandria Ocasio-Cortez (D-NY) on Monday deleted a message in which she appeared to cheer a historic drop in oil prices as an opportunity to invest in 'green infrastructure to save our planet.'
Ocasio-Cortez wrote on social media in response to news about oil prices falling to 'negative values.'
'You absolutely love to see it,' the freshman congresswoman said in response. '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.'
The lawmaker ended her tweet with '*cough*,' implying that the price crash vindicated her previous environmental activism.
Moments later, Ocasio-Cortez removed the post and replaced it with a more somber tone, arguing it was a 'snapshot' of a 'turning point' for the climate change 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,' the New York Democrat wrote. 'A key opportunity.'
Ocasio Cortez Celebrates Oil Job Losses
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
Several conservative reporters critized Ocasio-Cortez's message and shared screenshots of it around social media.
'After deleting that tweet, I would love to see Rep. Alexandria Ocasio-Cortez, who loves to remind people she has an econ degree, explain contango and oil contracts to the rest of us who don't see the logic in what she's suggesting,' asked RealClearInvestigations senior writer Mark Hemingway.
Ocasio-cortez Net Worth
yeah, no. you don't get to memory hole that one, @AOC. pic.twitter.com/vk6ywnhIpP
— . – (@BecketAdams) April 20, 2020
.@AOC deleted this tweet cheering on U.S. workers losing their jobs. pic.twitter.com/xVZNSSV2fo
— John Gage (@johnrobertgage) April 20, 2020
Why did you delete this? pic.twitter.com/JpO1CZ6Uq9
— Caleb Hull (@CalebJHull) April 20, 2020
After deleting that tweet, I would love to see Rep. Alexandria Ocasio-Cortez, who loves to remind people she has an econ degree, explain contango and oil contracts to the rest of us who don't see the logic in what she's suggesting. Ocasio cortez dance.
— Mark Hemingway (@Heminator) April 20, 2020
Oil futures plunged below zero on Monday, the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic.
Stocks and Treasury yields also dropped on Wall Street, with the S&P 500 down 1.8%, but the market's most dramatic action by far was in oil, where the cost to have a barrel of U.S. crude delivered in May plummeted to negative $37.63. It was at roughly $60 at the start of the year.
Traders are still paying $20.43 for a barrel of U.S. oil to be delivered in June, which analysts consider to be closer to the 'true' price of oil. Crude to be delivered next month, meanwhile, is running up against a stark problem: traders are running out of places to keep it, with storage tanks close to full amid a collapse in demand as factories, automobiles and airplanes sit idled around the world.
Tanks at a key energy hub in Oklahoma could hit their limits within three weeks, according to Chris Midgley, head of analytics at S&P Global Platts. Because of that, traders are willing to pay others to take that oil for delivery in May off their hands, so long as they also take the burden of figuring out where to keep it.
Ocasio Cortez Oil Market
The Associated Press contributed to this report.
