After Yesterday’s Whiplashing
Another day, another opportunity for the Trump administration to get on message.
Yesterday, they struggled to agree on information that’s crucial to the price of oil — and therefore the price we later pay at the gas pump.
Hadriana Lowenkron and Jennifer A Dlouhy sorted out the sequences. First, Energy Secretary Chris Wright made an erroneous social media post saying the US Navy had escorted an oil tanker through the Strait of Hormuz. Oil moving through a choke point would be good news for supplies, so the traders lowered the prices. A barrel of oil that was ...