Is Trump Lying, or Mis-informed?

Israel's war is going to get VERY expensive if this keeps up.  DD interviewed a petroleum-markets guy, who had the following to say:

 ... I don’t know why the energy secretary, Chris Wright, is just not doing his job. [Refers to chart from the first week of April.] What we can see here is that the United States is a net importer of oil. It’s axiomatic—an importer of oil is in no position to export oil. We import 6.3 million barrels, mostly medium and heavy grades of crude. Our refineries love that stuff. We produce a lot of this really light stuff because of the shale plays. We export 4 million barrels of that [light stuff] per day. 6 - 4 leaves you two. So, we’re a net importer of oil. That’s point one in this story. And point two is that if we are exporting oil, where is that coming from? What we’re doing is we’re taking our strategic petroleum reserve and we’re exporting that to the world. So, we are technically a net exporter of oil this past week, but that’s because we’re dipping into our inventories. There’s only so long you can do that before you have to stop doing that....

IOW, the Breitbart headlines are.......wrong.

But that's not all.

 ...It’s pretty clear now that official sources have been monkeying around in what’s called the oil futures market. And big traders all over the world have been saying that someone just steps in and dumps huge amounts of oil all at once. What’s happening is somebody is coming in and seeking to set the price. In a single one minute trading window you might see as much as five or six million barrels of oil suddenly get sold, boom! and they’re highly coordinated with these press releases that come out, usually on a Monday or Friday, usually with some mysterious front-running by somebody which nobody’s investigating. But somebody knows these market-moving things are coming and they’re ready for that. And so that’s been the game. It’s been happening for a while, but it’s going to have a real cost....

Look up "Maiden Lane" for similar games--that time, from the Fed.

That trader's commentary verges on apocalypse if Israel's War continues.  Can it be that bad?

Ask Jamie Dimon about the debt. 

But that's not all.

The Duran's guest talks 'severe recession' if not the "D" word.

Israel's War may be apocalyptic, after all.  Think that Cruz and Huckabee will be happy??