New York billionaire and refiner John Catsimatidis said that if the Biden administration reversed its hostile attitude toward oil and fossil fuels, America could “100 percent” avoid falling into a recession and inflation would ease.
Catsimatidis made the remarks in a recent interview on The Epoch Times’ sister media NTD, in which he expressed concern about the ability of the Biden administration to shepherd the country through various economic, environmental, and geopolitical crises.
The United Refining Company CEO said that the Biden administration’s hostile attitude to fossil fuels is a key factor that threatens to push America deeper into recession.
“Right now, Washington and the White House have made their mind up that the world will be better off without fossil fuels,” he said. “I think [Biden is] 100 percent wrong.”…