[Editor’s note: This story originally was published by Real Clear Wire.]
By Jerry Rogers
Real Clear Wire
Billionaire oil executive John Catsimatidis warned this week that the latest production move by OPEC will have a major impact on gas prices in the US. Speaking on a talk show hosted by WABC 770 AM, which is owned by his Red Apple Media company, Catsimatidis stated that the cut in oil production led by Saudi Arabia would mean gas prices will immediately go up by at least “10 cents, maybe even 15 cents” per gallon. “We are in an economic war,” he declared.
Catsimatidis also warned of a new world alliance consisting of China, Russia, Saudi Arabia, Brazil, Venezuela, India, and Pakistan. He blamed the reduction of US oil drilling as the root problem, stating that the country could be an oil exporter and control the world market. President Biden has “ceded control” of the “world market” for oil with anti-drilling policy, Catsimatidis said.
Catsimatidis went on to explain that the new oil crunch began with China and Russia making an alliance, and Saudi Arabia’s hatred of the White House. “China allied with Saudi Arabia, and Saudi Arabia allied with Iran last week. Then China allied with Brazil. We’re losing all our allies,” he stated. He also mentioned that Japan had broken with Washington on the cap of $60-a-barrel oil, choosing instead to buy whatever they need from the country that offers the best price.
WND is now on Trump’s Truth Social! Follow us @WNDNews
Catsimatidis predicted that the American poor and middle class would be hit the hardest, and that massive sums of capital would move from North America to China, Russia, and Saudi Arabia. He stated that during the last cycle, when President Biden broke with the oil industry, the price of oil rose from $55 to $120 a barrel, while $1 trillion of wealth moved from North America to Russia and Saudi Arabia.
As the price of oil soared to over $80 a barrel in New York this morning, Catsimatidis declared that the impact on gas prices and other products would be immediate. “All the food manufacturers that I predicted would start lowering prices [in response to what had been lower oil prices] – fuhgeddaboudit!” he exclaimed.
Jerry Rogers is the editor of RealClearPolicy and RealClearHealth and the host of the ‘Jerry Rogers Show’ on WBAL NewsRadio. Follow him on Twitter @JerryRogersShow.
This article was originally published by RCPo and made available via RealClearWire.
EDITOR’S NOTE: Question: Why do the political and corporate leaders of America – long the freest, most successful, most prosperous and most Christian nation in history – bow and scrape before China, a ruthless, communist, totalitarian and explicitly atheistic dictatorship openly committed to ruling the world, including America?
The astonishing answers come into focus only when one contemplates both the unprecedented level of political and financial corruption in America’s ruling class (multiple Biden family members received $31 million in payola from China), and simultaneously the communist Chinese government’s brilliantly devious methods of unconventional total warfare, by which China is stealthily infiltrating, subverting, corrupting and colonizing the United States of America.
The China threat has rarely been more dramatically or pointedly documented than in the sensational March issue of WND’s critically acclaimed monthly Whistleblower magazine, titled “HOW CHINA IS CONQUERING AMERICA.” Whistleblower is available in both the popular print edition and a state-of-the-art digital version, either single issues or discounted annual subscriptions.
SUPPORT TRUTHFUL JOURNALISM. MAKE A DONATION TO THE NONPROFIT WND NEWS CENTER. THANK YOU!
