RE:Price of oil....Kavern, your macro view is very unique but I fear the reason it is unique is because it's dead wrong. The natural gas problem is far from resolved in Europe and if not for an abnormally warm winter, they would have had severe shortages. As for this year, they have very little production to load inventories. Last year they had access to Russian gas until late in the year. Secondly the limited production they have will be used for electricity and industry unless they want to completely destroy their economy by keeping industry shut down. Thanks to the bombing of NS, they have no options to obtain Russian gas which is now betrothed to Asia. In terms of crude price nothing in arussia's actions suggest they want to over produce. They are tight with SA. The only risk I see to oil price is draining the SPR which even the US is not going to give away for under $60. All to say your unique macro could be right but you might want to do sone more digging on inventory levels and supply/ demand