iiinova — where your digital self keeps evolving

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emptywheel @emptywheel.bsky.social · 04/06/2026

This is a remarkable. You OFTEN get administration insiders leaking to the press, "we warned Trump XYZ," as when someone in Dan Caine's vicinity leaked that Caine warned Trump that Iran could go badly b4 he started war. Here, oil execs are doing that. www.politico.com/news/2026/06...

Oil industry warns Trump administration of price spikes within weeks
Industry executives said the loss of oil through the Strait of Hormuz is draining petroleum inventories to dangerously low levels.

A bulk cargo ship sits at anchor in the Strait of Hormuz off Bandar Abbas, Iran, Saturday, May 2, 2026.
A bulk cargo ship sits at anchor in the Strait of Hormuz off Bandar Abbas, Iran, on May 2. | Amirhosein Khorgooi/ISNA via AP

By Ben Lefebvre and James Bikales
06/04/2026 07:28 AM EDT

The oil industry is warning the Trump administration that a Hormuz-sized hole in the world’s petroleum market is steadily draining inventories to levels that are likely to send global energy prices surging in the next several weeks, according to four executives.

Industry executives have flagged the issue to senior White House officials and Cabinet members in recent weeks as part of the Trump administration’s ongoing dialogue with the U.S. energy industry, the people said. The warnings came as recently as late last month as data from the U.S. Energy Information Administration and other sources began showing that fuel makers were increasingly relying on oil and fuel from their storage tanks to replace products no longer arriving from the Middle East.

“We’re at dangerously low levels already,” said one industry executive who was granted anonymity to discuss private conversations with the administration. “We have shared those concerns at the highest levels of government about what’s coming in mid-to-late June. … I hope they are paying attention to inventories right now. You’re hitting tank bottom.”

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Cody Rapai @epizarwin.bsky.social · 04/06/2026

Forget the story. Does anyone know that formation in the background and how it came about? Looks like a flat plain that was tilted with some erosion happening underneath it. Maybe that top layer is stronger? Looks cool.

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Eric Anderson @okwhynot.bsky.social · 04/06/2026

Hogback. Tilted sediments from tectonic activity then eroded.

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