Former energy trader lays out plan to blunt US gas price shock John Arnold, co-founder of Arnold Ventures, says the biggest worry in any escalation is pain at the pump—though prices are still below levels from 15 to 20 years ago. NEW You can now listen to Fox News articles! FIRST ON FOX: A group of House Republicans is urging the Trump administration to choke off Russia's profits from one of its largest energy companies as global oil prices spike. It comes as the U.S. and Israel's conflict with