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Big Oil execs 'doing everything they can' to warn Trump of inflation surge
The White House Owns the Price ShockSource ContextOil executives are warning the Trump White House that gasoline prices could spike hard as inventories fall to critical lows, with some stockpiles possibly gone within weeks. The immediate trigger is the closure or unsafe condition of the Strait of Hormuz, which is squeezing shipments from the Gulf and pushing U.S. gas prices up by more than a dollar on average so far.Power Sits at the TopThe people who actually matter in this story are not the analysts, not the anonymous sources, and not the consumers staring at the pump. The institutional…
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