Chevron CEO Mike Wirth turned heads at the Milken Institute on May 4, telling the room that “we will start to see physical shortages” as commercial inventories, shadow-fleet tankers, and strategic reserves get drained at the same time. With more than 13 million barrels daily of Middle Eastern crude output knocked offline by the Strait ... Chevron’s CEO Just Warned of Physical Oil Shortages. This $6 Offshore Driller Is Up 171% and Still Trades Below Book Value