Oil, gas and mining

‘IT’S ALL CRAZY’: Billionaire says American consumers ‘losing’ over Saudi oil cuts



United Refining Company Chairman and CEO John Catsimatidis discusses Saudi Arabia cutting oil production, rising gas prices and the impact on American consumers. #foxbusiness

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23 Comments

  1. Sandra Verheylesonne

    A financial professional you work with could really prepare you for life. I'm glad I was able to get in touch with my coach Gregory Thomas Patchak' earlier this year because I was actively cashing out from my portfolio and finally earned over 370k just in the first quarter while everyone else was complaining about the downturn.Gregory Thomas Patchak helped pay down our debt and save up for retirement.

  3. Quantum Cell

    What people don't get is Saudi Arabia has turned its back on Biden and brokered a new deal giving Russia and China preference to receive the majority of the world's oil supply, hence Joe Biden's recent urgent Trip to the UAE .

  11. Rich Girl

    The Collapse of these banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping $780k stock portfolio, what’s the best way to take advantage of this bear market?

  16. Tammy Baldree

    Only white-collar families are booking trips. Anything below the white-collar family's was basically as usual destroyed by the Covib-19. We blue callor and below ended up spending our savings and racking up credit card debt just to make our lives work by paying bills and feeding our families. So it must be nice to schedule vacations 🙃, because somehow the government always finds ways to keep us down. Sadly, a vacation for us is going to the closest family park, or the nearest river or ocean for the day that's so sad. Not that we don't have fun, we just always make the best of what we can do.

  17. Paul Feasal

    The US has the reserves to praduce way more oil then it has been producing. We should be a top 5 country in oil production because of wear our reserves are at. We have so much oil that hasn't been tapped we are like only behind a few countries like Venezuela and Saudi Arabia. I also didn't know that Iran had so much reserves that haven't been tapped.

  18. Paul Feasal

    He has a good point. We have the potential to be the biggest oil supplier in the world. Very few countries have the supply the US has. The country with the biggest supply of oil isn't even the biggest supplier which is Venezuela. So Saudi Arabia is the only country in the world that has the oil reseves to compete with the US.

  20. Populus Tremula

    It’ll be a banner day for Americans and for the planet when we get the oil addiction needle out of our arm and can say goodbye to anybody having anything (especially wars) to do with petroleum…including guys like this guy. Just remember that the petroleum industry, via their own internal investigation no less, discovered that continued burning of fossil fuels would create a climate catastrophe. BACK IN 1960! And did they reveal this or do anything to try and avoid what they knew was going to happen? No, the greedy pricks just decided to hide any disclosure and let the world burn.

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