“Somebody’s On Path To Destruct America,” Warns US Oil Billionaire

Pixabay
image_pdf
  • Save
image_print
  • Save
New York billionaire and refiner John Catsimatidis warned that soaring fuel prices and rising interest rates could devastate the US economy. Last month he warned that the diesel shortage could spur fuel rationing this summer. He said that the Biden administration’s policies are the problem and that “We have 100 years’ worth of oil [in the US]. Let them [the government] open up the spigots and the price of crude oil will come back down to $55, $60, maybe $65 – half.” He said that raising the interest rates will wipe out the real estate industry and everything else in America! Catsimatidis explained that 70% of all transportation to grocery stores across the country are made by diesel trucks which has doubled and is going higher, which means that food prices will rise. Biden, on his first day in office, shut down the Keystone pipeline.

New York billionaire and refiner John Catsimatidis is out with a new warning that soaring fuel prices and rising interest rates could produce a hard landing for the US economy. Catsimatidis warned last month about the diesel shortage on the East Coast, even suggesting the fuel could “be rationed this summer.”

Catsimatidis told Fox Business’ Dagen McDowell that the fuel crisis “will get worse” and said the Biden administration is steering the economy on a path towards recession, indicating this downturn doesn’t need to happen.

Biden’s “obsession” against “turning on North American oil spigots” has skyrocketed energy costs and inflation, he said, adding that the president has been begging Saudi Arabia and other countries for more crude production instead of increasing domestic production.

“We have 100 years’ worth of oil [in the US]. Let them [the government] open up the spigots and the price of crude oil will come back down to $55, $60, maybe $65 – half”, Catsimatidis said. 

He explained it makes absolutely “no sense” to beg Saudi Arabia for crude at $120/bbl. He called on the president to increase domestic drilling.

“[Biden] wants to fly to Saudi Arabia and beg the Saudi Arabians to give us another half a million barrels at $120 a barrel… It makes no sense,” he added. 

Catsimatidis spoke with McDowell on Monday as the national gasoline average at the pump inched closer to $5 a gallon.

Read full article here…

  • Save

Visit our Classified ads.

Check out our Classified ads at the bottom of this page.

Recent stories & commentary

  • Save
Kakistocracy

The Global Elites Are Normalizing Pedophilia

August 17, 2022 The People's Voice 7

Mcaron’s government voted against having an age of consent in France, which means that adults who have sex with children of any age will not be prosecuted for rape. The media is complicit not only in turning a blind eye to child sex abuse, but also to normalizing child rape and abuse.

Classifieds

For classified advertising rates and terms, click here. The appearance of ads on this site does not signify endorsement by the publisher. We do not attempt to verify the accuracy of statements made therein or vouch for the integrity of advertisers. However, we will investigate complaints from readers and remove any message we find to be misleading or that promotes anything fraudulent, illegal, or unethical.

Subscribe
Notify of
guest
6 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Tom Ball
Tom Ball
2 months ago

This man is listed in WIki as “Greek”, but clearly he is a Jew. He should know who’s trying to destroy the United States. Frequently they attempt to hide their identities…….for obvious reasons. Almost as frequently the majority of the unsuspecting public fails to recognize them, while identifying them as such is denounced as “anti-semitic”. Coming forward and making public announcements of developments like these by the very protagonists instigating them is supposed to lead the equally naive public to conclude that they could have nothing to do with the problem being called to light. This is aside from the… Read more »

Ragnar D.
Ragnar D.
2 months ago

The parallel economy must be allowed to flourish without being hindered by the establishment (governments and corporations) which they will attempt to do. To say it another way, “Our system has failed to meet your needs, but we aren’t going to allow you to come up with your own system(s) to replace it.” All of the laws and regulations in place did nothing to prevent this unfolding disaster, so why should we continue to submit to their terms and demands?

wally58
wally58
2 months ago

Petroleum is a renewable energy. It comes from the heat of the Earth’s molten core that causes the layers of Earth above the core to outgas and rise thru fissures in the strata. Eventually the gases find a void and cool and condense into a pool of petroleum. The power for the continual heat in the core is Uranium and Thorium reacting to each other creating nuclear generated heat. There is no way that heat is left over from the creation event! 4.7 Billion years ago? Ha. Not hardly. Would have cooled off down there several Billion years ago if… Read more »

Leethal
Leethal
2 months ago

Gas, coal, oil we have the BIGGEST supply of it and it made us the most POWERFUL nation in the world so they had to bad mouth it out of existence and make us rely on our enemies, windmills, solar panels, and all that ROT.

Environmentalists are mentally ill and would rather you worship mother earth instead of father God.

Humble_Servant
Humble_Servant
2 months ago

We The People now live in the ultra-modern era… …where NO ONE can afford to live or to die. Seriously, even paying out the @$$ can no longer be accomplished! When this world crisis brings to an abrupt end massive numbers of the world’s population (which IT WILL!)….maybe satan’s offspring were kind & thoughtful to stock up on air fresheners. Those who have somehow obtained ‘wealth’ WILL NOT pay the going rate to bury the immense numbers of corpses, whose revolting stench will rise into the heavenly realm After all…that perverted peter puffer slime ball Yuval Noah Harari has possibly… Read more »

Together we stand
Together we stand
1 month ago

This is how Bolshevism works folks, just ask some that lived through it, oh wait, they are ALL dead…