RE:Can't wait for the ultimate kick in the teethwasn't the US exporting +1M/bbls a day of oil during the Trump era?
there is still a glut of oil out there, prices have shot up due to the fear of supply disruption, no disruption yet
OPEC still holding back on supply increases, Venezuala and Iran basically offline to the west, Libya and others like Nigeria could do more
Europe wont sanction Russian O&G and put themselves into recession
US can stop getting Russian oil, only 3-4% of what they get anyway
If oil goes to $150 in a rapid rate hike environment everyone except China will be in recession, decreasing demand
China likely has deals with Russia, Iran, Venezuala for sub $100 oil anyway