as US oil prices 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.