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Trump Team Probes Oil at $200/Barrel Impact

Source: bloomberg.com

Trump's energy advisors are studying what would happen if oil prices hit $200 a barrel.
They predict massive economic shocks like 10% inflation and a 30% stock market drop.
High prices could boost US oil production but devastate consumers with soaring gas and grocery costs.

Trump's incoming administration is quietly analyzing the fallout from oil prices rocketing to $200 a barrel amid global tensions. Key figures like Energy Secretary nominee Chris Wright and oil executives are modeling scenarios involving Middle East conflicts and sanctions on Russia and Iran. The core finding is that such extreme prices would trigger a severe US recession while supercharging domestic drilling. It matters because it shapes how Trump might handle energy policy, trade wars, and infl