as US oil prices up climb, stocks decline as crude up over 40% since start of year, +$23/barrel since December and climbing as US sinks into #Drumpf mideast mire.
After March 3rd when #DJT began saying the war could last "forever" prolonged conflict pricing leapt to new heights, driving #DOW into deeper ruts...
Today threats to invoke Cold War-era powers to renew oil production off the southern California coast.
According to Bloomberg, #PrezDrumpf is set to invoke the Defense Production Act to preempt state laws and allow Sable Offshore Crop to restart oil production in California.
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