Chevron’s CEO Just Warned of Physical Oil Shortages. This $6 Offshore Driller Is Up 171% and Still Trades Below Book Value
Chevron CEO Mike Wirth turned heads on the Milken Institute on May 4, telling the room that “we will start to see physical shortages” as industrial inventories, shadow-fleet tankers, and strategic reserves get drained on the identical time. With greater than 13 million barrels every day of Middle Eastern crude output knocked offline by the…
