CBC: “We’re approaching unheard-of inventory levels,” Neil Chapman, an ExxonMobil senior vice-president, told a conference in New York last week.
“You can debate whether it’s going to hit those really low levels in two weeks or three weeks. But once you get to that point, then you’ll see [the] price shoot up.”
Chapman said the price could go up to $150 US to $160 US in that time frame…