Experts say, oil is going to hit $185. I believe it. Apart from all the manipulations in the Western markets, oil will definitely see $200 in the coming months. All the oil producing companies will see 2X and higher the current stock price in return. Imagine, still it is nothing compared to their free cash flow and profitability, while the tech stocks are ridiculously priced tens of multiples of their financials..... Biden cannot do anything on it. The climate activists, who live on others tax money will not succeed this time, because the general public know it is all BS with stupid target deadlines by a minority activists who don't want to work for any good (to raise a family or do a proper job to support the society).
If Europe phase out from Russian oil and gas, above things will happen 100%. Even if Europe is not fully phased out from Russian oil, it is going to happen to some extent, May be we will see the oil at $150.