Article

2022-06-18 Economy

Oil analyst warns recession is 'foregone conclusion' as Americans see ‘egregious spikes' in energy, food costs

[FoxBusiness] "It's a race," Schork told "Varney & Co.," Thursday. "Do we get to $6 before we hit the severe economic downturn? Because we are going into recession if we're not already here."

The oil analyst’s comments come on the heels of the White House shifting blame for rising fuel prices from Russian President Vladimir Putin to Big Oil companies.

White House Secretary Press Secretary Karine Jean-Pierre called on Big Oil companies to "do the right thing" during a Wednesday press conference.
"operate at a loss and build refineries we'll force you to close after the election"

Posted by Vespasian Ebboting9735 2022-06-18 00:00|| || Front Page|| [6 views ] Top

#1

Remember the Democrats Day 1 went on the ATTACK against OIL, drilling and the Keystone Pipeline.

The DEMOCRATS are the ones to blame for SUPPLY shortages.

Posted by NN2N1 2022-06-18 07:53|| 2022-06-18 07:53|| Front Page Top

#2 If the democrats were really concerned about fuel prices they would suspend both federal and state taxes on gasoline and diesel

Posted by Sock Puppet of Doom 2022-06-18 07:56|| 2022-06-18 07:56|| Front Page Top

#3 Ideal scenario: Only those who "voted for it" would "get it." Everyone else could go on as before.

Posted by M. Murcek 2022-06-18 07:57|| 2022-06-18 07:57|| Front Page Top

#4 The ignorace of how the private sector actually works is stunning. But I guess that is what we should expect from a President and administration that have never spent a second working for the real economy but have spent their entire career in Washington.

Posted by Tom 2022-06-18 08:07|| 2022-06-18 08:07|| Front Page Top

#5 Need more reason for why Soviet Central Planning didn't work out? Donks - here hold my beer.

Posted by Procopius2k 2022-06-18 08:11|| 2022-06-18 08:11|| Front Page Top

#6 Foregone conclusion? I believe we are already in a recession.

Posted by Deacon Blues 2022-06-18 09:14|| 2022-06-18 09:14|| Front Page Top

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