Once again proving that whatever she paid for her degree in economics, she got ripped off, Rep. Alexandria Ocasio-Cortez rushed to Twitter on Monday when the first reports came in of an unprecedented drop in global oil prices. Upon learning that the price of oil had dipped below $0 a barrel amidst the coronavirus pandemic and a foolish price war ongoing between Saudi Arabia and Russia, AOC tweeted that it was great news for the ecologically-minded.
“You absolutely love to see it,” she wrote. “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.”
In one sense, you could understand why AOC would tweet this if she really did believe that it would be a boost for green energy. After all, that’s her primary stock-in-trade, and her Green New Deal is one of the only significant things she’s worked on since joining the House of Representatives in 2019.
What makes this tweet particularly idiotic, though, is that a drop in oil prices will have the exact opposite effect. To whatever extent companies and individuals are working on green energy alternatives, they’re doing so because it represents a cheaper path than fossil fuels. If the price of oil is cheaper than the price of solar, wind, or whatever…well, that’s not going to push people towards AOC’s fantasy world. Indeed, it’s going to set her whole agenda back years.
And, as we know from AOC herself, the earth only has, like, ten total years before our entire planet goes up in a gust of carbon-induced flames.
So yeah, you can see why she deleted that tweet almost as quickly as she wrote it.
Now, you might say that AOC’s tweet was brutally insensitive no matter what effect the drop in oil prices would have on her Green New Deal, seeing as how it likely portends the loss of thousands of American jobs. But she has already proven, time and again, that she doesn’t give a damn about such prosaic concerns. This is a woman who celebrated when her big mouth caused Amazon to look for another place to build their big headquarters. She cost New York City thousands of jobs, and she thought it was cause to crack open a bottle of champagne. So we’re not surprised that she would fail to see how losing fossil-fuel industry jobs is a bad thing.
Indeed, based on her replacement tweet, she appears to have learned nothing at all.
“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,” she tweeted.
The market will fully dictate whether this is, indeed, such an “opportunity.” It may be that she’s right. But if we are really witnessing the sudden death of the oil industry, it’s not going to be the pretty sight that Ocasio-Cortez apparently thinks it will be.