It’s a rare occasion indeed that Alexandria Ocasio-Cortez opens her mouth and doesn’t look like a complete idiot. When AOC speaks… you can pretty much be guaranteed that she will make a complete and utter fool out of herself – and the best part is that she doesn’t even seem to realize it most of the time…
What was the latest of her always so vocal flubs?
An ill-advised tweet celebrating the plunge in oil futures prices which went into never-before-seen negative territory. This means that the contracts to purchase and take possession of oil fell below zero to the effect that in order to “sell” the oil, you’d effectively have to PAY someone to purchase it ($39.44 per barrel!) .
It’s unclear what she loves to see… is it the hundreds of thousands dying at the hands of COVID-19, the devastation this is causing to the world economy, or her credibility evaporating into thin air as people read this wreckless example of sheer and utter stupidity (what little credibility she had left that is, if there ever was any to begin with)? It’s difficult to tell, but one thing is for sure, AOC just red lined and topped out on the retardometer – that thing is pegged!
The market conditions that created this financial anomaly are the result of the unprecedented decimation of the world economy due to COVID-19 combined with the growing chasm between oil’s supply and its demand as well as the costs associated with storing the surplus of barrels until they can later be consumed.
There are a few things causing the supply/demand relationship to become so out-of-whack. Obviously, COVID-19 and the resulting social distancing and quarantining measures are causing the demand for oil to drop off of a cliff with so many fewer airplanes flying and vehicles moving. This, combined with the inability of oil producing nations to effectively cut back production enough – or the unwillingness to do so due to the need for the profits of barrel sales – is causing the storage capacity to be nearly fully reached as the world simply isn’t prepared to house this many unused barrels because… well it usually just doesn’t need to.
As demand continues to crawl due to government induced lock-downs across the globe, and warehouses continue to fill up as oil dependent economies continue to pump and sell out of sheer necessity during tough economic times… the price of oil futures contracts fell through the floor.
AOC for some reason thought that these horrible times where people are losing their loved ones to illness and their jobs due to the poor economic conditions – especially those in the oil business – was for some reason the proper point to celebrate as in her mind she figured this meant she was closer to her “green new deal” agenda (which btw is the worst economic plan in the history of mankind to the point where it’s sheer fiction not a “plan”).
AOC… stop being the dumbest bitch alive please. Every single day that you are in office it’s a disgrace to the American political system and you embarrass the absolute fuck out of yourself as you betray your sheer and utter ignorance with regards to anything related to the government, anything to do with the economy, or outright anything at all on this earth.
Please go back to pouring drinks.
Here is the infamous tweet in full, which she so quickly deleted after realizing from the blow back that this MIGHT not be the right time to start up again with promoting her $93 Trillion restructuring plan for the economy (which even her own staff has admitted actually has nothing to do with the environment or climate change but it was rather that they just got together and decided they wanted to overhaul the economy for the hell of it with zero understanding about economics…wow)…
Saying it like it is.