NBC's Steve Kornacki Throws Cold Water on Kamala Harris' Chances
'Palace Coup': Dem Bigwigs Threatened to Forcibly Remove Biden From Office Unless He...
Whistleblower: Snipers Were Stationed on the Roof During Trump Rally But Left Due...
Joe Biden's Weird, Failure-Filled Presidency Is Finally Dead
Democrats Are Owned By Rich Donors
The Secret Service's Day Of Reckoning: What Kim Cheatle's Evasion Means For America
The Soviet Playbook to Dismantle Christianity & Take Over Culture
The Most Important 42 Miles in American Politics
Where Does Joe Biden Rank Among America's Worst Presidents?
How Can They Stay With Her, How Can They Dump Her?
An Inside Track For Mike Carey if Vance Moves on to VP
His Fight for Our Lives
Kamala Harris: Climate Alarmist, Energy Luddite
Operation Boomerang
Harris Is Biden 2.0 or Worse

Rick Perry Has a Dire Warning About the US Energy Sector Amid Wuhan Coronavirus Pandemic

AP Photo/Mindaugas Kulbis

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.

"It's a driver of a massive amount of our American economy,” he continued. “There are some big companies out there, [but] there are independents out there that are the real buffer and if we were to lose that, if we woke up a year from now and there were five big companies because all these independents are going out of business and if there's a company called Aramco and a company called Rosneft [and] ExxonMobil, Chevron [and] BP, if that's it then I would suggest that would make a lot of Americans really nervous.” 


Carlson interrupted Perry to note that U.S. refiners are being flooded with foreign oil, wondering why we are allowing that to happen.

Perry then said what advice he would give the president for the next two to three months. 

“I would say, refiners, we’re going to refine U.S. crude, U.S. crude only. That would give a buffer to the market, it would send the clear message that we’re just not gonna let foreign oil blow in here, bust our energy industry, and here’s the most important thing,” he said. “This is about our national security. This is about Americans’ ability to defend ourselves. If our independent operators…if we lost that, we’d go back to 1974, 1975…where we were beholden to countries that didn’t have our best interests in mind.”

Join the conversation as a VIP Member


Trending on Townhall Videos