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Chevron Executive Gives Laughable Advice As Gas Prices SOAR Due To Iran War


Okay, this advice is quite obvious.

During a recent interview with CBS News, a Chevron executive gave advice to Americans regarding the high gas prices that have risen due to the U.S. military operations in Iran.

Executive Andy Walz’s advice to Americans was to simply “drive less.”

Yes, really.

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The Hill reported more on Walz’s advice:

Chevron executive Andy Walz said that “people should try to drive less” to offset higher energy prices during the U.S. military operation in Iran.

“People should drive less. They should try to conserve energy,” Walz told CBS News this week.

“We should be doing that all the time,” he continued. “Energy’s essential for people’s lives, but we should conserve it.”

Global energy rates have spiked during the Middle East conflict, after Tehran launched retaliatory strikes on U.S. targets and energy infrastructure in the Gulf Region after Operation Epic Fury began on Feb. 28. These attacks effectively halted the flow of ships through the Strait of Hormuz, a major oil transportation corridor.

As a result, the price of international benchmark Brent crude oil skyrocketed to $118 at the end of March. The average price of standard gas in the U.S. has also hiked up amid the conflict, exceeding $4 a gallon at the end of last month.

A temporary ceasefire between the U.S., Israel and Iran has somewhat cooled energy markets. However, the Iranian regime has still attempted to exert dominance over the critical waterway by imposing pricey tolls on oil-carrying vessels. President Trump announced a naval blockade on all ships traveling through the strait this week.

On Wednesday morning, a barrel of Brent was trading at $95 and U.S.-produced West Texas Intermediate crude oil was trading at just under $99 a barrel. The U.S. average of standard gas prices stood at $4.11 per gallon.

Walz acknowledged during a CBS interview that there is likely no “silver bullet” to bring back down long-term prices in the U.S.

Watch here:

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CNBC reported the latest details on the U.S. Naval blockade of the Strait of Hormuz:

The U.S. Navy has turned back 13 ships since its blockade of Iranian ports in the Persian Gulf and the Gulf of Oman began more than 24 hours earlier, the Pentagon said Thursday.

President Donald Trump announced the blockade on Sunday after complaining that Tehran has not appeared to reopen the Strait of Hormuz, one of his conditions for agreeing to the fragile two-week ceasefire that is currently in effect.

The attempt to ratchet pressure on Iran began after an initial round of U.S.-Iran peace talks failed over the weekend. The U.S. on Wednesday continued to signal optimism about the prospect of reaching a diplomatic end to the war, which began Feb. 28.

“The U.S. action is a blockade of Iran’s ports and coastline, not a blockade of the Strait of Hormuz,” Joint Chiefs of Staff Chairman Dan Caine noted at a press briefing Thursday morning.

Trump had declared on Sunday that the U.S. would blockade the strait itself, before U.S. Central Command later clarified the scope of enforcement.

It “applies to all ships, regardless of nationality, heading into or from Iranian ports,” Caine specified Thursday.

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How does that sound?



 

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