The Donald stepped into a war and seemingly can't step out.
That will be a disaster for the US, the world, and Trump.
ExxonMobil warned Thursday that oil inventories will fall to record low levels in coming weeks, forcing prices to spike and curbing demand.
“We’re approaching unheard of inventory levels,” said Exxon Senior Vice President Neil Chapman at a conference hosted by Bernstein in New York.
“I mean really, really low levels,” Chapman warned. “You can debate whether that’s going to hit, those really low levels, in two weeks or three weeks. Once you get to that point, then you’ll see price shoot up.”
The price of physical Brent oil cargoes will spike to $150 to $160 per barrel when inventories hit all-time lows in coming weeks, the executive said....
So--gasoline at about $6.50/gal and diesel at $9.00 or so?
Lovely.
For some reason, you won't hear about that warning from Levin, Graham, or Huckabee.
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