Rick Perry warns US energy sector on verge of 'massive collapse' due to coronavirus pandemic

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Former Energy Secretary Rick Perry warned Tuesday on "Tucker Carlson Tonight" that the coronavirus pandemic has brought the United States' once-thriving oil and energy sector to the verge of a "massive collapse."

Sweeping restrictions on work and travel have brought industrial activity to a near- standstill. Perry explained that fewer cars on the road and fewer flights in the air translate to a major decrease in demand for oil, which is bad news for America's energy producers.