High gas prices in America are caused by a mismatch between U.S. oil production and refining, bad policies or political hostility, and the Biden administration’s inaction, according to experts and oil industry insiders. Inflation in the United States has been running high since March when the yearly Consumer Price Index (CPI) reached 8.5 percent, the…
Industry Insiders on Real Story Behind High Gas Prices: Structural Problems, Hostile Policies, and Inaction
October 5, 2022
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Business & MarketsCompaniesDan KisheconomyenergyExecutive Branchgas pricesinflationJohn Catsimatidisoil refineryPolicies & ImpactsPoliticsrecessionstructural problemUSUS News
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America Can ‘100 Percent’ Avoid Recession If Biden Makes One Key Policy Shift: Billionaire John Catsimatidis
October 4, 2022
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Business & Marketseconomic policieseconomyenergyExecutive Branchfossil fuelGold and CommoditiesinflationJohn CatsimatidisMarketsPolicies & ImpactsPoliticsrecessionUSUS News
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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…
Oil Billionaire Warns: ‘Somebody’s on Path to Destruct America’
June 8, 2022
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Business & Marketseconomic policieseconomyExecutive BranchinflationJohn CatsimatidisMarketsOilPoliticsUSUS News
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New York billionaire and refiner John Catsimatidis warned that rising interest rates could produce ill effects on the U.S. economy. The White House’s “obsession” against “turning on North American oil spigots” has triggered a significant hike in energy costs and inflation, Catsimatidis told Fox Business on Tuesday. He noted that the Biden administration asked Saudi Arabia…
Oil Billionaire Warns: ‘Somebody’s on the Path to Destruct America’
June 8, 2022
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Business & Marketseconomic policieseconomyExecutive BranchinflationJohn CatsimatidisMarketsOilPoliticsUSUS News
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New York billionaire and refiner John Catsimatidis warned that rising interest rates could produce ill effects on the U.S. economy. The White House’s “obsession” against “turning on North American oil spigots” has triggered a significant hike in energy costs and inflation, Catsimatidis told Fox Business on Tuesday. He noted that the Biden administration asked Saudi Arabia…
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