The Briefing Room
General Category => Science, Technology and Knowledge => Energy => Topic started by: Elderberry on April 02, 2020, 01:27:13 am
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Townhall by Leah Barkoukis 4/1/2020
Rick Perry Has a Dire Warning About the US Energy Sector Amid Wuhan Coronavirus Pandemic
The nation is grappling with a virus that the White House coronavirus task force is warning could kill as many as 240,000 Americans. The economy has come to a grinding halt, and now, former Energy Secretary Rick Perry has another dire warning: the energy sector is on the verge of collapsing.
With Americans advised to slow the spread of the virus by staying home, and guidelines extending now to April 30th, car and air travel have plummeted, which means so too has the demand for oil.
"Our capacity is full and the Saudis are flooding this market with cheap oil," Perry told Fox News’s Tucker Carlson. "I'm telling you, we are on the verge of a massive collapse of an industry that we worked awfully hard over the course of the last three or four years to build up to the No. 1 oil and gas producing country in the world, giving Americans some affordable energy resources.
More: https://townhall.com/tipsheet/leahbarkoukis/2020/04/01/rick-perry-has-a-dire-warning-about-the-us-energy-sector-amid-wuhan-coronavirus-n2566125 (https://townhall.com/tipsheet/leahbarkoukis/2020/04/01/rick-perry-has-a-dire-warning-about-the-us-energy-sector-amid-wuhan-coronavirus-n2566125)
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I definitely saw this interview. Tough times. This is all beyond belief, I think oil did have a slight rebound.
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Three of Four years?
Try the last two decades.
And, yeah, that is the aim of the Saudis right now, to bankrupt American companies.