As millions of Texans struggle to get food and water as they are without power due to a deep freeze winter storm in the state, big oil billionaires are celebrating the ordeal, comparing it to “hitting the jackpot.”
In response, Rep. Alexandria Ocasio-Cortez on Friday skewered fossil-fuel billionaires who she said had profited off the surge in prices for fuel as the brutal winter storm across Texas left millions without power and struggling to find warmth in their homes.
“Fossil fuel billionaires are profiting off this nightmare,” Ocasio-Cortez, D-N.Y., tweeted on Friday. “CFOs called it a ‘jackpot.’ The reason GOP are scrambling to blame the Green New Deal is bc it’s the biggest legislative threat against the corrupt powers responsible for (& benefiting from) the suffering unfolding now.”
The progressive Congresswoman comments came after Comstock Resources Inc., a natural gas company that operates in Texas and Louisiana, told investors on an earnings call this week the statewide gas shortage was providing it with a major financial boost.
“Obviously, this week is like hitting the jackpot,” President and Chief Financial Officer Roland Burns said Wednesday during a call with investors. “Frankly, we were able to sell at super premium prices for a material amount of production.”
Fossil fuel billionaires are profiting off this nightmare. CFOs called it a “jackpot.”
The reason GOP are scrambling to blame the Green New Deal is bc it’s the biggest legislative threat against the corrupt powers responsible for (& benefiting from) the suffering unfolding now. https://t.co/3rRXKGUQOc
— Alexandria Ocasio-Cortez (@AOC) February 19, 2021
Comstock, which is owned by Dallas billionaire Jerry Jones, has been able to sell its gas from its shale wells in East Texas and northern Louisiana at premium prices since Thursday, according to Bloomberg News.