BREAKING: Top Exxon VP declares that America is RUNNING OUT OF OIL and it’s all Trump’s fault in warning that sky-high gas prices are just around the corner!
Congratulations, Trump. America is now *literally* running out of gas, according Exxon Valdez’s Senior Vice-President Neil Chapman, who spoke at the Bernstein Conference in New York and warned that crude oil prices could go as high as $160 as we scrape the bottom of the barrels.
"We're approaching unheard of inventory levels," he said. "I mean really, really low levels. 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 prices shoot up."
Prices have only risen a little bit so far thanks to Trump cashing in on our strategic oil reserves, but that’s about to end.
"Commercial inventories of crude oil, of liquids, think petroleum, gasoline, diesel, jet fuel, they've all run down. And running down those inventories has mitigated or offset, supplemented by the release of strategic petroleum reserves, which most of the Western countries have done. All of that has mitigated the impact," Chapman explained.
After all is said and done, the U.S. will be left with roughly 300 million barrels of crude in oil reserves, the lowest level since the 1980s.
To make matters worse, since Chapman said all this, Iran has pulled out of negotiations with Trump over Israeli strikes on Beirut and kept the Strait of Hormuz closed, meaning there is no respite coming any time soon for the American people, who are already furious at Trump over high prices.
As he watches his approval rating breaking new records as it plummets towards 0, Trump can take comfort in the knowledge that this was all avoidable and 100% his fault.