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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 |
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