video Gas station owners didn’t create ‘problem’ of high prices: NYC billionaire Red Apple Group Chairman and CEO John Catsimatidis provides insight into how Biden is handling record-high gas prices amid inflation.  John Catsimatidis, the New York City billionaire and owner of 400 gas stations, slammed President Biden’s gas price blame game Friday, arguing station owners didn’t create the problem […]

video America can reduce gas prices on its own if Biden gets out of the way: GOP congressman Arkansas Republican Bruce Westerman reacts to Democrats accusing oil companies of price gouging on ‘Fox Business Tonight.’ Energy Sec. Jennifer Granholm indicated that President Biden has considered using the Defense Production Act to help mitigate the record-high gas prices, but stressed that […]

video Is the US in a recession amid elevated food, gas prices? The Schork Group principal Stephen Schork weighs in, arguing that ‘we’ve never had an environment like this with these high prices.’ The Schork Group principal Stephen Schork warned on Tuesday that the United States is on the "cusp of recession" if it has not already started. Schork made […]

video WATCH: Americans sound off on gas prices after Biden says they’re part of an ‘incredible transition’ Americans in the Garden State sounded off on gas prices after President Biden said the surging costs are part of "an incredible transition." "I don’t believe a word he says," one woman, Theresa, told Fox News. "He’s been in the business for 40-something […]

Billionaire supermarket owner slams Biden’s energy policies: ‘War by Washington on North American oil’ United Refining Chairman and CEO John Catsimatidis argues inflation ‘all starts with oil.’ United Refining Chairman and CEO John Catsimatidis, who is also the billionaire owner and CEO of New York City supermarket chain Gristedes, argued on Monday that "there is a war by Washington on […]

Oil will hit over $150 a barrel by summer: Former Cumberland Farms Gulf Oil Group CEO Joe Petrowski warns a ‘severe recession’ should be expected in the coming months.  Joe Petrowski, former CEO of Cumberland Farms Gulf Oil Group, warned that a "severe recession" in the United States is imminent.  "I don’t think people understand how much oil goes into every product in […]

US oil producers can’t pump more ‘on a dime’: Canary CEO Canary Oilfield Services CEO Dan Eberhardt urged the Biden administration to ‘move quicker’ to approve federal drilling permits. While one U.S. oil producer feels confident in its ability to pump more domestic oil, the CEO cautioned production won’t speed up anytime soon on "Varney & Co." Friday, despite President […]

Louisiana oil companies face challenges trying to ramp up production: ‘We’re doing all we can’ The White House has banned all Russian oil and gas imports, but ramping up U.S. production is not that simple. Companies not only need hundreds of thousands of dollars to get equipment back up and running, they also need the manpower. LAFAYETTE, La. – Oil […]

Norwegian telecom company Telenor ASA (TELNY.PK,TELN) announced Friday that the Myanmar Investment Commission has given final regulatory approval to the sale of Telenor Myanmar to M1 Group. The regulatory approval requires M1 Group to have a local majority owner in the ownership of Telenor Myanmar following the deal closure. Telenor expects to close the transaction as soon as possible. The […]

Biden admin not making energy independence a priority ‘concerning’: Tiana Lowe Washington Examiner commentary writer Tiana Lowe weighs in on the Biden administration’s response to sky-high oil prices. During an interview on "Mornings with Maria" Washington Examiner commentary writer Tiana Lowe called out the Biden administration for not making energy a prime concern. OIL PRICES CONTINUE TO RALLY, BRENT HITS […]