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Trump: Oil Companies ‘Ripping Off This Country’

Oil companies are fixing the price of oil and should suffer penalties, according to developer Donald Trump.

Speaking on CNBC this morning, the real estate magnate said taking punitive measures against companies reaping big profits in a capitalist society is against his nature, but the energy situation is unique.

“I consider myself to be a great capitalist, but I think the oil companies have been ripping off this country and the world for a long time,” Trump said. “I can see doing something against the oil companies. They’re making numbers–nobody’s ever seen numbers like this. They and OPEC and lots of people together are having a lot of fun.”

Trump also said the US economy is at depression levels in terms of real estate, but he nevertheless has used the drivedown in prices as a buying opportunity.

“Outside of Manhattan the United States is closed down,” he said. “I’ve built up a lot of cash, and what I’m doing is going around and buying things that two or three years ago were absolutely impossible to buy.”

read the rest published by CNBC  here:

http://www.cnbc.com/id/25237876/site/14081545