Mike Wirth, the CEO of Chevron oil, appeared on Fox Business the other day, and claimed America could see a barrel of oil costing $100 if not more.
Chevron CEO Mike Wirth says the prospect of oil hitting $100 per barrel is not out of the realm of possibility in the coming months, pointing to recent markets trends and global uncertainty.
Wirth appeared on FOX Business’ “The Claman Countdown” on Friday, where host Liz Claman noted, “Oil hit $90 a barrel earlier this week, and you look at Wall Street’s $100 a barrel forecast by this summer, that suddenly doesn’t look so lofty.”
A year ago, America was energy independent. No longer. F**k Joe Biden did that!
International benchmark Brent crude hit $90 on Wednesday. On Thursday, The Wall Street Journal reported that Morgan Stanley analysts had lifted their summer forecast for Brent to $100, and so did Goldman Sachs. Bank of America predicted it will hit $120 by July.
Just think, a few months ago we were all screaming about $4 and $5 for a gallon of gas. Imagine what the prices will look like in the dead of summer.