RT by @RymMomtaz: Senior oil executives Darren Woods (CEO of Exxon Mobil), Mike Wirth (CEO of Chevron), and Ryan Lance (CEO of ConocoPhillips) warned Trump officials: 1) The energy
Senior oil executives Darren Woods (CEO of Exxon Mobil), Mike Wirth (CEO of Chevron), and Ryan Lance (CEO of ConocoPhillips) warned Trump officials: 1) The energy disruption from the Strait of Hormuz closure is likely to get worse, not stabilize 2) Prices could rise beyond the already elevated ~$99/barrel if speculators unexpectedly bid them up 3) Markets could face a shortage of refined products, not just crude oil 4) The administration's available options (releasing reserves, easing sanctions) can do little to st