Exxon chief warns of skyrocketing energy prices as shareholders approved plan to exit blue state ⁠66%

By Robert McGreevy⁠0%

5/30/2026, 12:08:15 PM

BS Summary: This article contains 27 faulty reasoning types, including Recency Bias, Confirmation Bias, and Ambiguity (Equivocation), with Post Hoc (False Cause) as the most egregious example at 33.8% saturation with 151 hits. Analysis detected 1,046 faulty-reasoning hits from 447 analyzed words, generating a BS Score of 59.7% and a BS Rank of ⁠66% (7,598 of 21,887 articles). This article is worse (more manipulative) than 65.30% of the article peer group.

ExxonMobil's Senior Vice President Neil Chapman issued a stark warning to the public that energy prices may explode upwards in the coming weeks on the same day his company's board approved moving the company's corporate structure from New Jersey to Texas. 
Speaking at the Bernstein Conference in New York on Thursday, Chapman warned that crude oil prices could go as high as $160 per barrel in the coming weeks as dwindling reserve inventories finally bottom out. 
"We're approaching unheard of inventory levels," he said. 
"I mean really, really low levels. 
You can debate whether that's going to hit those really low levels in two weeks or three weeks. 
Once you get to that point, then you'll see prices shoot up." 
Prices have stayed low, Chapman posited, because of the release of strategic petroleum reserves by various nations. 
"Commercial inventories of crude oil, of liquids, think petroleum, gasoline, diesel, jet fuel, they've all run down. 
And running down those inventories has mitigated or offset, supplemented by the release of strategic petroleum reserves, which most of the Western countries have done. 
All of that has mitigated the impact," Chapman explained. 
He then warned that dated Brent, the primary benchmark for the price of crude oil in the global market, "will shoot up… up to $150, $160." 
"And I think crude being in this sort of $90 to $110 for the last whatever it is, six weeks, has really been mitigated by running down inventories. 
It can't last forever." 
Dated crude dropped from a monthly average of $117 in April to near $103 for May, declining sharply in recent days on news of progress in a peace deal between the U.S. and Iran. 
However, it's still far higher than it was before the U.S. and Israel launched a bombing campaign on Iran in late February, when it was hovering near $75 a barrel, according to S&P Global. 
Chapman delivered his message on the same day that Exxon shareholders approved a plan to move the company's legal home from New Jersey to Texas. 
Citing Texas' strong regulatory environment, ExxonMobil CEO Darren Woods said the state was a better fit for the company in a statement. 
"Aligning our legal home with our operating home, in a state that understands our business and has a stake in the company's success, is important." 
ExxonMobil already moved its headquarters to Texas in 1989 and all of its corporate leadership work from the Lone Star state already. 
The company said 75% of it's U.S.-based workforce already work in Texas as well. 
Exxon first announced plans to make the move in March. 
Article reasoning-pattern comparisonThis article: 20.1%Robert McGreevy: 2.6%FoxBusiness: 4.4%Confirmation Bias20.1%This article: 6.3%Robert McGreevy: 0.7%FoxBusiness: 3.4%Anchoring Bias6.3%This article: 7.8%Robert McGreevy: 1.7%FoxBusiness: 4.1%Availability Heuristic7.8%This article: 3.8%Robert McGreevy: 0.3%FoxBusiness: 1.1%Representativeness Heuristic3.8%This article: 0.0%Robert McGreevy: 0.2%FoxBusiness: 0.7%Hindsight Bias0.0%This article: 15.7%Robert McGreevy: 3.1%FoxBusiness: 3.7%Overconfidence Bias15.7%This article: 3.4%Robert McGreevy: 10.0%FoxBusiness: 12.9%Framing Effect3.4%This article: 0.0%Robert McGreevy: 0.3%FoxBusiness: 1.5%Loss Aversion0.0%This article: 4.9%Robert McGreevy: 0.3%FoxBusiness: 1.1%Status Quo Bias4.9%This article: 4.9%Robert McGreevy: 0.0%FoxBusiness: 0.2%Sunk Cost Effect4.9%This article: 0.0%Robert McGreevy: 3.0%FoxBusiness: 8.8%Optimism Bias0.0%This article: 13.2%Robert McGreevy: 0.7%FoxBusiness: 2.0%Pessimism Bias13.2%This article: 7.6%Robert McGreevy: 5.0%FoxBusiness: 7.9%Negativity Bias7.6%This article: 13.6%Robert McGreevy: 2.8%FoxBusiness: 4.5%Self-Serving Bias13.6%This article: 0.0%Robert McGreevy: 0.6%FoxBusiness: 0.9%Fundamental Attribution Error0.0%This article: 0.0%Robert McGreevy: 0.0%FoxBusiness: 0.2%Actor-Observer Bias0.0%This article: 0.0%Robert McGreevy: 1.6%FoxBusiness: 1.7%In-Group Bias0.0%This article: 0.0%Robert McGreevy: 0.8%FoxBusiness: 0.8%Out-Group Homogeneity Bias0.0%This article: 0.0%Robert McGreevy: 1.2%FoxBusiness: 3.8%Halo Effect0.0%This article: 0.0%Robert McGreevy: 0.0%FoxBusiness: 0.1%Horn Effect0.0%This article: 0.0%Robert McGreevy: 0.0%FoxBusiness: 0.0%Dunning-Kruger Effect0.0%This article: 22.4%Robert McGreevy: 1.1%FoxBusiness: 2.3%Recency Bias22.4%This article: 2.2%Robert McGreevy: 0.2%FoxBusiness: 0.4%Primacy Effect2.2%This article: 0.0%Robert McGreevy: 0.0%FoxBusiness: 0.1%Blind-Spot Bias0.0%This article: 0.0%Robert McGreevy: 1.0%FoxBusiness: 0.8%Ad Hominem0.0%This article: 0.0%Robert McGreevy: 0.2%FoxBusiness: 0.4%Straw Man0.0%This article: 12.5%Robert McGreevy: 4.4%FoxBusiness: 7.2%Appeal to Authority12.5%This article: 0.9%Robert McGreevy: 0.7%FoxBusiness: 1.6%False Dilemma0.9%This article: 2.7%Robert McGreevy: 0.4%FoxBusiness: 1.2%Slippery Slope2.7%This article: 3.8%Robert McGreevy: 0.3%FoxBusiness: 0.2%Circular Reasoning3.8%This article: 5.6%Robert McGreevy: 2.4%FoxBusiness: 6.3%Hasty Generalization5.6%This article: 0.0%Robert McGreevy: 0.2%FoxBusiness: 0.8%Red Herring0.0%This article: 0.0%Robert McGreevy: 0.3%FoxBusiness: 1.2%Bandwagon0.0%This article: 0.0%Robert McGreevy: 4.6%FoxBusiness: 6.1%Appeal to Emotion0.0%This article: 6.3%Robert McGreevy: 1.6%FoxBusiness: 1.2%Begging the Question6.3%This article: 33.8%Robert McGreevy: 3.4%FoxBusiness: 4.4%Post Hoc (False Cause)33.8%This article: 0.0%Robert McGreevy: 0.5%FoxBusiness: 0.1%Tu Quoque0.0%This article: 0.0%Robert McGreevy: 0.8%FoxBusiness: 0.4%Burden of Proof0.0%This article: 0.0%Robert McGreevy: 0.1%FoxBusiness: 0.1%Appeal to Nature0.0%This article: 3.8%Robert McGreevy: 0.2%FoxBusiness: 0.3%Composition/Division3.8%This article: 0.0%Robert McGreevy: 0.9%FoxBusiness: 2.4%Anecdotal0.0%This article: 0.0%Robert McGreevy: 0.1%FoxBusiness: 0.1%No True Scotsman0.0%This article: 16.6%Robert McGreevy: 1.3%FoxBusiness: 1.9%Ambiguity (Equivocation)16.6%This article: 0.0%Robert McGreevy: 0.0%FoxBusiness: 0.0%Gambler’s Fallacy0.0%This article: 4.0%Robert McGreevy: 0.1%FoxBusiness: 0.1%Middle Ground4.0%This article: 0.0%Robert McGreevy: 0.1%FoxBusiness: 0.1%Personal Incredulity0.0%This article: 0.0%Robert McGreevy: 0.1%FoxBusiness: 0.3%Special Pleading0.0%This article: 0.0%Robert McGreevy: 0.1%FoxBusiness: 0.2%Genetic Fallacy0.0%This article: 1.8%Robert McGreevy: 1.4%FoxBusiness: 1.8%Unattributed Quote1.8%This article: 5.8%Robert McGreevy: 1.9%FoxBusiness: 1.4%Quote-first Misdirection5.8%This article: 9.2%Robert McGreevy: 4.5%FoxBusiness: 4.1%Biased Writer Voice9.2%This article: 1.3%Robert McGreevy: 1.5%FoxBusiness: 1.7%Indoctrination1.3%This article: 0.0%Robert McGreevy: 0.1%FoxBusiness: 0.1%Politically Left Leaning Bias0.0%This article: 0.0%Robert McGreevy: 4.1%FoxBusiness: 2.1%Politically Right Leaning Bias0.0%This article: 0.0%Robert McGreevy: 0.6%FoxBusiness: 4.4%Attempt to Sell a Product or S…0.0%

447 words analyzed.

Speakers

3speakers56%attributed speech198writer words
Voice mapSelect a segment to jump to its words
Writer's voice • 15 words • 0.0% coverageWriter's voice • 41 words • 100.0% coverageNeil Chapman • 35 words • 0.0% coverageNeil Chapman • 8 words • 100.0% coverageNeil Chapman • 6 words • 100.0% coverageNeil Chapman • 18 words • 0.0% coverageNeil Chapman • 12 words • 0.0% coverageWriter's voice • 17 words • 0.0% coverageNeil Chapman • 17 words • 0.0% coverageNeil Chapman • 25 words • 0.0% coverageNeil Chapman • 9 words • 0.0% coverageNeil Chapman • 26 words • 100.0% coverageNeil Chapman • 28 words • 0.0% coverageNeil Chapman • 4 words • 0.0% coverageWriter's voice • 34 words • 0.0% coverageWriter's voice • 34 words • 0.0% coverageWriter's voice • 25 words • 0.0% coverageDarren Woods • 22 words • 0.0% coverageDarren Woods • 25 words • 0.0% coverageWriter's voice • 22 words • 0.0% coverageExxonMobil • 14 words • 0.0% coverageWriter's voice • 10 words • 0.0% coverage
Selected voice

Neil Chapman

100%flagged-word coverage
188 attributed words76% of attributed speech100% writer coverage
0%12.5%25.0%Biased Writer Voice-20.7 ptsWriter: 20.7%Neil Chapman: 0.0%0.0%Quote-first Misdirection+13.8 ptsWriter: 0.0%Neil Chapman: 13.8%13.8%Unattributed Quote+4.3 ptsWriter: 0.0%Neil Chapman: 4.3%4.3%Indoctrination+3.2 ptsWriter: 0.0%Neil Chapman: 3.2%3.2%

Attribution is sentence-level. Pattern percentages are calculated only from words assigned to that voice.

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Analysis

Hover over highlighted words in the article to view the associated bias or fallacy analysis.