Sen. Cruz Submits Op-Ed on COVID-19 Pandemic
April 30, 2020
April 30, 2020
HOUSTON, Texas, April 30 -- Sen. Ted Cruz, R-Texas, issued the following op-ed:
With oil prices nosediving by nearly 70 percent and global demand collapsed, the COVID-19 pandemic is wreaking havoc on America's energy producers. To make matters worse, financial institutions and lenders have limited energy producers' critical access to capital, under pressure from Green New Deal enthusiasts. If this continues, the U.S. risks bankrupting a vast majority of its roughly 9,000 energy prod . . .
With oil prices nosediving by nearly 70 percent and global demand collapsed, the COVID-19 pandemic is wreaking havoc on America's energy producers. To make matters worse, financial institutions and lenders have limited energy producers' critical access to capital, under pressure from Green New Deal enthusiasts. If this continues, the U.S. risks bankrupting a vast majority of its roughly 9,000 energy prod . . .