Oil analyst warns recession is 'foregone conclusion' as Americans see ‘egregious spikes’ in energy, food costs

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Oil analyst warns recession is 'foregone conclusion' as Americans see ‘egregious spikes’ in energy, food costs
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The Schork Group principal Stephen Schork joined 'Varney & Co.' to provide insight into who’s to blame for record-high gas prices amid soaring inflation.

The Schork Group principal Stephen Schork provides insight into who’s to blame for record-high gas prices amid soaring inflation.

"[The] president the other day singled out Exxon for its egregious $5.5 billion profit that it reported in the first quarter. The company also paid $2.8 billion in taxes…I think that's pretty patriotic," he remarked. The Schork Group principal Stephen Schork told FOX Business that Americans are seeing ‘egregious spikes’ in energy and food costs.for the first time in nearly three decades to tackle red-hot inflation.

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