Posted on 06/08/2022 6:54:34 AM PDT by george76
John Catsimatidis argued that crude oil prices would drop by half if Biden turned to North American oil vs Saudi Arabia...
New York City billionaire and oil refiner John Catsimatidis said President Biden should "open up the spigots" as Americans feel the wrath of soaring costs at the pump and in the food store.
Reacting to the national average price of a gallon of gas reaching a new all-time high of $4.86, Catsimatidis told FOX Business' Dagen McDowell that "it will get worse" and lamented that neither the exacerbation nor an economic recession has to happen, but leaders refuse to change course.
Catsimatidis cited President Biden's "obsession" with not "turning on North American oil spigots" as a leading culprit behind high energy costs and criticized him for seeking oil from Saudi Arabia instead of drilling domestically.
We have 100 years' worth of oil. Let them open up the spigots and the price of crude oil will come back down to $55, $60, maybe $65 – half,
...
[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...
Catsimatidis went on to say he disagrees with the push to raise federal interest rates, arguing that instead of bringing down the price of oil and controlling recession, the real estate industry and "everything else in America" would be wiped out as a result.
....
Somebody's on the path to destruct America, and somebody's got to say ‘guys, enough is enough,'" he stressed, adding "you know what the cost has been to the American people because of the rising gas prices – the cost of the rising food prices – it's going to go even higher with $120 oil."
(Excerpt) Read more at foxbusiness.com ...
“We have 100 years’ worth of oil.”
We have a heckuva lot more than that.
Biden's Communist handlers know that. Its what they want.
They can’t do that. They’re committed to the fundamental transformation. They are prepared to bite the bullet on a few election seasons because they feel long term they’ll dominate with all the new voters coming across the southern border.
People are misguided in appealing to this administration. We think low unemployment, low gas prices, controlled inflation, investment in America, are all good metrics to know if we’re doing a good job.
The left measures success differently, they don’t care about those things. Did you advance the agenda, did you make a difference in the fundamental transformation, did you make gains towards single party rule... those are their success metrics.
“It makes no since”
Of course not because it is deliberate, planned and by design.
I know the Cat to be a grocery chain magnate. He’s an oil refiner too?
“John Catsimatidis argued that crude oil prices would drop by half if Biden turned to North American oil vs Saudi Arabia.”
I’m confused, what does lowering the price of oil have to do with the Biden Administration?
Yes! Spot on!
He could care less about what the American people are paying...It's their problem...not his.
The earth’s core is an energy production machine, designed by God. The idea that we can’t use it is godless.
There’s one thing a politician will only very, very rarely do and that’s admit they were wrong.
Good message to get out - It doesn't have to happen but they're making it happen.
This Marxist administration wants Saudi oil, not South Dakota oil.
Talk to Klaus Schwab over there in the Nazi uniform he’s giving the orders
Brandon would rather set himself on fire rather than fixing the price of gas
😵💫😵💫As if crazy joe would even entertain that idea. He won’t be bothered by it. WE pay for his gas as well as our own. If only we had debbie’s EV we wouldn’t need to worry about gas prices. 🤬🤬
The plan is to exterminate 90% of the global population and enslave the survivors.
It’s not as if it’s a secret.
It’s not as if it’s a secret.
That's the real Great Reset.
Sniffer doesn’t care, he only signs what his staff puts in front of him and they don’t care.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.