Chevron Global Refining President Andy Walz joins ‘Varney & Co.’ to debate oil costs topping $100 a barrel amid Middle East tensions and to warn that California’s local weather insurance policies might drive gasoline costs even greater whereas threatening the state’s vitality safety.
0:00 Oil Hits $100: Global Supply Volatility
0:35 Military Action within the Straits of Hormuz
1:08 Andy Walz Warns of California Economic Collapse
2:02 Will California Gas Prices Hit $7 Per Gallon?
2:53 Irreversible Damage: Why Refineries are Closing
3:38 Dependency on China & Foreign Oil Imports
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