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Big Oil Executive BEGS For Bailout

Big Oil doesn’t care about killing Americans, as long as it gets more money. Ana Kasparian and John Iadarola discuss on The Young Turks. Keep Hope (and TYT) Alive: http://tyt.com/go

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"An executive with one of Wall Street’s biggest investment banks said during an April 22 conference call that the cure for low oil prices was “to begin to reopen the economy and increase consumption,” according to audio of the call obtained by The Young Turks.

Supporters of reopening did not address in the call whether they assumed any specific public health precautions. Epidemiologists have warned against allowing non-essential business to reopen without measures such as widespread testing and contact tracing.

One participant on the call who supported reopening the economy has a long record as a climate-change skeptic, and currently lobbies on behalf of a group with its own history of climate-change denial that is backed by the fossil-fuel industry.

Concerns about oil companies driving political decision-making have stoked public ire in the past. "No Blood For Oil," for instance, was a rallying cry against the Iraq War.

Trump on Tuesday told ABC News that “it’s possible” there will be some deaths due to reopening.

The April 22 call, hosted by Morgan Stanley, featured a panel of five top officials from the law firm Akin Gump, including former Sen. Joe Donnelly (D-IN), former Rep. Lamar Smith (R-TX), and two former Republican Hill staffers. Akin Gump is also one of Washington's most influential lobbying shops."

Hosts: Ana Kasparian, John Iadarola

Cast: Ana Kasparian, John Iadarola


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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations. (American Heritage Dictionary)

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