Rick Perry warns US energy sector on verge of 'massive collapse' due to coronavirus pandemic
The coronavirus pandemic has brought the once-thriving U.S. oil and energy sector to the verge of a "massive collapse," former Energy Secretary Rick Perry warned Tuesday on "Tucker Carlson Tonight."
The coronavirus pandemic has brought the once-thriving U.S. oil and energy sector to the verge of a "massive collapse," former Energy Secretary Rick Perry warned Tuesday on "Tucker Carlson Tonight."
Sweeping restrictions on work and travel have brought industrial activity to a near-standstill, Perry explained, meaning fewer cars on the road and fewer flights in the air -- translating to a major decrease in demand for oil, which is bad news for America's energy producers.
"Our capacity is full and the Saudis are flooding this market with cheap oil," Perry told host 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 number one oil and gas producing country in the world, giving Americans some affordable energy resources.” Click here for more.
Other related developments:
- These states are expected to be worst hit by coronavirus economic damage
- Social distancing gap should be greatly increased, MIT researcher says
- Austria to make face masks mandatory at supermarkets
- These states are expected to be worst hit by coronavirus economic damage
- Social distancing gap should be greatly increased, MIT researcher says
- Austria to make face masks mandatory at supermarkets
No hay comentarios:
Publicar un comentario