The White House that didn’t foresee global oil supply disruption, isn’t panicking about oil prices
Politico reports: The Trump administration believes it can withstand a brief spike in oil prices — for as many as four weeks, as one person close to the White House suggested — before the political hit does lasting damage. Administration officials’ confidence was bolstered Tuesday when oil dropped to $80 per barrel, down from $120 this weekend, reinforcing their view that the spikes are temporary and manageable. They have three to four weeks “where they can ride out what they…