Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
Fox Host CONFUSED Why Gas Prices Won't Go Down After He Celebrates Oil Industry's Record Profits
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April 1, 2022
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6:50Now PlayingFox Business's Charles Payne discusses the increase in gas prices, and reacts to reports that corporate profits have soared to their highest since 1950: "You know what I say? great! fantastic, I love it!" When Sandra Smith asks him why the gas companies wouldn't be able to lower prices given how much money they're making, Payne says: "I'm confused about that."
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Sam Seder: But there is some things that are happening that could theoretically help ease the inflationary pressures that are coming from logistics problems that we have. Both because of specifically the way our supply chain is set up in this country and obviously because around the world you have different shutdowns that are taking place because of Covid and I guess you know our existing supply lines were upset during cCovid et cetera et cetera so that's good news. One of the things that Joe Biden is doing to respond to the inflationary pressures that people have despite the fact that we have you know 430 000 new job unemployment, numbers are going down, but if you've got to pay an extra two gallon two dollars a gallon a dollar fifty a gallon to drive yourself to work it does not necessarily make you feel like you know things are improving in any way, not to mention all the things that we've talked about on this program today, but Joe Biden announced that he's going to be releasing oil from the strategic reserve on a daily basis until late October, which just so happens to be right before the election. here is how Charles Payne and fox's sandra smith reacted to this and to the reports that corporate profits have soared to their highest since 1950 which implies in fact if it doesn't apply it directly shows that there is a lot of profiteering and price gouging going on, but here is he way they respond to it on Fox.
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