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Trump Calls Energy Shock Short-Lived, CEOs See Lasting Pain

Source: wsj.com

President-elect Trump says the energy crisis from Houthi attacks on Red Sea shipping will fade quickly once he takes office.
Oil CEOs warn disruptions could persist for months or years, driving up prices and hurting global economies.
Higher energy costs threaten U.S. consumers with pricier gas and goods, slowing growth despite Trump's optimism.

President-elect Donald Trump downplayed the severity of the current energy shock caused by Houthi rebels attacking ships in the Red Sea, predicting it would end soon after his January inauguration. Top oil executives from companies like ExxonMobil and Chevron painted a darker picture, saying the disruptions to global shipping lanes could drag on and spike energy prices worldwide. The clash highlights differing views on how long rerouting tankers around Africa will squeeze oil supplies and inflat