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Red Apple Group CEO John Catsimatidis gives his outlook for the election and Sandy's impact on refineries.
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-- -- -- -- -- -- sandy barreled across the northeast it didn't push politics off the front page.
For just about a minute -- still.
What did enough to solve Mitt Romney's momentum joining us now is John Cassidy TV's chairman and CEO of the red apple group which is a parent company united refining in congress TV's supermarket to the industry's most impacted.
By sandy here in the northeast and John let me ask I also wanna say the last time you were on you made a prediction about the price of gas and you're absolutely right so you.
You are you are just are your man with a finger on the pulse of everything that's going on in this region.
First smallpox me a little bit about politics do you think that sandy was enough to stall Mitt Romney.
No I think feel wind is on.
Mitt Romney's back and I think searching.
And I protective -- from it from me.
Why is that why more -- -- he's confident that he will be able to secure Ohio and get the Electoral College because there's some reporting today that Wall Street executives are.
Largely now believing that we're gonna get an Obama Electoral College -- Well they do believe whatever they want that they they gave a ton of money and -- I believe 95% of Wall Street executives and bankers David.
Gave them money to the -- So why does say it sounds like -- Romney supporter why argue given the industries that your and and and you know do you really -- so much of the business community -- that -- you feel like he's a -- As I told my friends.
You know -- oil businesses.
The number one doesn't listens if Obama has -- to -- make twice as much money.
If Mitt Romney gets -- and make less money but -- countries why why.
Because the supply and demand Mitt Romney is is big big big.
And will be more supply in America and don't take -- the deficit to.
And do you follow Obama continues on going to have to solo stuff from his batteries stuff.
We will does -- -- a ton of money.
What's your view what's your status of the gas crisis going on here in the northeast in the wake of hurricane -- I think it's temporary because the lack of power.
Somebody terminals were affected is that -- now because there -- still very long gas line I mean it's solving a database every day is better than yesterday.
And I believe over the next 23 days.
Who himself would have any impact on your businesses especially let's talk about your refining business first are refining business -- -- we're we're.
In the north east and it has been unaffected because.
We reform in in land and we supplied most of petroleum needs from buffalo Pittsburgh.
That whole -- is normal.
Are you seeing any increased demand from gas stations here who can't get supply from the -- yeah.
And we've had a lot of requests -- crucial moment we can't it's -- additional product.
To the East Coast East Coast.
So what you're seeing prices go up then because of this additional demand there's a little bit of price increase.
Only based on supply and demand and don't get transportation.
If you Acela truckload.
Across the street from the refinery it's one price because of selling 300 miles away.
The transportation -- them.
-- -- -- you know do you think problems here are going to impact other gas customers in neighboring cities because a lot of people thought it wouldn't spread but now it has stretched on so much longer than anyone predict dead.
What I know I think you just gonna go way over by -- we can you be back global OK from your mouth so hopefully.
You know saying how it ends up -- -- -- talk our conversation else about the restaurants or business that's as you rent -- CD's here Manhattan.
What grocery stores people rushed right before the storm in cleaned out the shelves we another storm coming and another storm coming so how is the business holding up and is there enough food especially perishables coming into -- my.
We we've been getting we we have we've we've borrowed a lot of our products from wait for -- in New Jersey and Hunts Point market in the new York and other markets and we've always had.
Constant supply.
Most of us to us open open.
Every day did you lose money because she had to our class is more level of us goods eleven a lot of stores -- closed because of con -- And we have to throw out all the perishables.
And you know you follows -- -- no insurance companies.
Maybe they'll pay maybe they won't write but we threw away to a lot perishables and ten of those eleven stores and closed.
Are open now.
But it it's a problem especially in New York City he inner city Manhattan -- we don't get.
He will lose Taliban debt.
I just happens in we're talking about -- -- -- -- and maybe getting generators to -- stations.
Or maybe apartment buildings should have generators for their elevators at least.
Right now absolutely.
John -- TV's always great thanks for coming -- we appreciate it thank you.
