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NY: Mayoral Candidate Sliwa Burns Face Masks After Mandate Is Lifted
(77WABC) — As one of the world’s biggest bankers issues a warning about soaring electric bills next year across Europe, 77WABC owner and operator John Catsimatidis is signaling the energy crisis is coming Americans’ way.
Catsimatidis’ comments on “Mornings with Maria’ come one day after OPEC and its allies, also known as OPEC+, announced it’s cutting global oil supplies and reversing September’s daily increase of 100,000 barrels. Amid Russia’s ongoing invasion of Ukraine, Goldman Sachs has predicted European household electric bills could soar by $2 trillion next year due to oil shortages.
Catsimatidis noted that U.S. Markets have already started to experience the energy crisis’ impact because of democrat-backed policies. Putting the onus on the Biden administration and other democratic leaders, Catsimatidis criticized the renewable energy push.
