The Biden administration's early executive orders are hurting Americans, particularly lower income and the middle class, according to John Catsimatidis, a potential Democrat candidate for New York City mayor.
"It hurts America," Catsimatidis told OAN's "After Hours with Alex Salvi" this week, pointing not only to the "union jobs" that will be lost in canceling the Keystone XL Pipeline, but the unwinding of America's energy independence achieved under the Trump administration.
"If they're saying it's not going to affect people with low wages – absolutely false," Catsimatidis added. "When people with low wages end up paying more for the gasoline, more for their food, it affects every American.
"And every American should know about that."
In addition to damaging the U.S. economy and destroying "60,000 jobs" between the U.S. and Canada, Catsimatidis said, we are giving wealth to foreign countries.
"Cancellation of the pipeline, you know who that helps? It helps Saudi Arabia and the OPEC nations," he said. "It's a win-win for them. It's a lose-lose-lose for the American people."
The rise in the cost of energy directly impacts the spending power and cost of living of Americans, particularly blue collar ones, he added.
"The American consumer is going to pay for that," he continued. "Whether it's airline tickets, whether it's hotels, whether it's gasoline and driving, the American consumer is going to pay.
"You know what it comes down to? Who has a bigger voice in Washington: Saudi Arabia or the union leaders over President Biden in Washington."
It used to be the Middle East and Russia had to collude to "break the American oil industry." Now President Joe Biden does it for them.
"It goes back to fracking when we went up to 14 million barrels a day, from 8 million during the Obama administration," Catsimatidis said. "The Saudis and the Russians panicked. They shook hands behind the scenes and what happened, they drove oil down to $20 a barrel, $15 a barrel.
"Why? They wanted to break the American oil industry. They wanted to break it.
"What happens now? Cancellation [of the XL pipeline] and an attack on the oil industry. What happens? Price of oil is $53."
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