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Blackvegetable » 9 minutes ago » wrote: ↑

9 minutes ago

Top oil executives have issued a grave warning to the Trump administration that American gas prices could spike dramatically again in the coming weeks.

Iran has shuttered the Strait of Hormuz since Donald Trump launched his war against the Islamist regime in late February, choking off as much as one-fifth of the world’s crude supply. The president has spent those months casting the disruption as temporary, even as drivers were continuing to pay a national average of $4.26 per gallon as of Wednesday.

Four oil industry figures told Politico Thursday that fuel stockpiles have now been drained to perilously low levels, and that they have alerted top administration officials and Cabinet secretaries to the accelerating crisis.

 

Many market analysts have expressed surprise that oil prices have not reached even higher levels because of the three-month shipping disruption. Early in the conflict, some forecasters predicted prices would go as high as $200 a barrel given that 20 percent of global oil flows through Hormuz. Iran’s attacks on ships in Hormuz has slowed that flow to a trickle, although some crude is being diverted out of the region using pipelines.

So all these so called "experts" have proven that NONE of their dire predictions have happened!!

But you got sucked in on the PROPAGANDA seeing how NO NAMES of these alleged "top oil company executives" have been NAMED, CUPCAKE!!

How **** STUPID are you, MORON?? Never mind, a question that needs NO ANSWER as you PROVE IT ON EVERY **** POST, pumpkin!!

Oh and then there's this....


Market Summary > Crude Oil Futures
79.74
 USD
0.89%−0.72today
Jun 5, 9:39 AM EDT • Disclaimer