Trump's energy chief blames oil price spike on market fear

The Trump administration's top energy official argued Sunday that fear — not supply shortages — is driving a historic surge in oil prices. The big picture: The world is well-supplied with oil, but markets are reacting to real-world disruptions — a strangled Strait of Hormuz, halted production and strikes on fuel storage. The administration is road-testing a political argument to insulate itself from pocketbook pain in a midterm year. The record-breaking surge lifted gasoline 47 cents a gallon i