Controversial Biden bank nominee said 'we want' oil and gas companies to go bankrupt

https://gazette.com/news/controversial-biden-bank-nominee-said-we-want-oil-and-gas-companies-to-go-bankrupt/article_99cbbb16-19a2-5bdb-9c99-d56c93b87239.html ^

[Brilliant]

President Joe Biden's pick for a top banking regulatory position said "we want" oil and gas companies to go bankrupt, although she acknowledged the country couldn't afford the loss of jobs.

Saule Omarova, a law professor at Cornell University who graduated college in the USSR, has faced pushback over her nomination to be comptroller of the currency from business groups and Republicans, who have said that she is extreme and opposed to the industry as a whole.

A video of her discussing the idea of a National Investment Authority — a new government bureaucracy that would act directly in financial markets to allocate "both public and private capital" to fight social ills — has resurfaced in which she muses about oil and coal companies failing in order to fight climate change.

"A lot of the smaller players in that industry are going to, probably, go bankrupt in short order — at least, we want them to go bankrupt if we want to tackle climate change," Omarova said as part of the Jain Family Institute's "Social Wealth Seminar" series in March.…

[Brilliant]

Here is the video.

https://youtu.be/u_zA9-boHHo

[BookmanTheJanitor]

Hiding behind “we” …like a coward

[metmom]

No. WE don’t.

YOU do.

[Little Ray]

And that should end her nomination. But the ‘Pubbies don’t have the guts and the Democrats support this.

[MNJohnnie]

No surprise this former Russian Marxist wants to destroy one of the key building blocks of US Economic prosperity with no viable alternative ready to take its place.

And no fantasy land dreamers, “green energy” will not be viable alternative any time in the next 3 decades to replace oil and gas. It will never be able to replace all the other things Oil is used to manufacture and lubricate

[Signalman]

Any Republican who votes for this Marxist should be primaried.

[Sacajaweau]

These people are sooooo stupid. MILLIONS of people have gas heat, gas stoves. They do what?? Build a windmill??

Fossil fuels are an absolute necessity.

And would someone please tell these geniuses that electricity isn't made with a key and a kite.

[RatRipper]

AUTOMATIC DISQUALIFICATION!!!!!!!!!!!!

[DJ MacWoW]

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[roadcat]

Hey Joe, how are you gonna build back better when there is no oil for over 6,000 products needed for building? No asphalt and tar for roads and roofs, no lubricants and solvents, no paint, no torches for welding, no heavy lifting equipment, no mining, no rubber insulation, etc.

Good luck making any of that stuff without oil; maybe you can plant more corn.

[A Navy Vet]

Also, think PLASTIC. Every home in America has dozens if not hundreds of items that are made with oil by-products.

[marron]

Except for the sheiks. The sheiks are OK.

[roadcat]

Also, think PLASTIC. Every home in America has dozens if not hundreds of items that are made with oil by-products.

I think there are over 6500 products made from oil. Plastic is a big one, covers everything from electronics to clothing. Then there is fertilizer made from oil, good luck feeding the world without it.

[roadcat]

https://whgbetc.com/petro-products.pdf

[A Navy Vet]

Yup. I wonder what miracle product the marxist greenies think is going to replace petroleum that their lives depend on? They like to think they and everyone should live in shacks in the woods, but even then supplies would be needed from the local mart. Most of them wouldn’t know how to hunt and dress a deer or even a rabbit. They would starve or become malnourished if a Vegan with their little garden of veggies.

[sauropod]

.

[CaptainAmiigaf]

And it was just a SHORT time ago that Pres. Trump told us that the United States had reached ENERGY INDEPENDENCE at last and now the DEMONcrats are acting to send us back to the stone ages.
The U.S.A. was built on ENERGY sources almost beyond comprehension. Under today’s Democrat control this country could NOT have been built. Wonderful, isn’t it?

[A Navy Vet]

Thanks for the link...I saved it. I wonder if all those products have oil by-products in chemical structure of manufacturing, or if it indirectly includes the energy to make such products.

[drypowder]

Thus Positioning US oil companies to be nationalized just like was done in COMMUNIST Venezuela so the US oil industry can be selectively dismantled and restricted to only serve the government and its crony agencies. I surmise this illegitimate government is hoping the people will soon retaliate to their dispensing of misery so they can retaliate with overwhelming force. Some used to refer to that sort of speak as tinfoil gibberish.

[FlyingEagle]

Saule Omarova, a law professor at Cornell University

This criminal seditionist needs to be exiled to a desert island. Not coddled Ivy League style.