Both Side Of A Argument No doubt about it the kill on the oil industry in mid 2015 , blocking of pipelines , lobbyists from alternative fuels , and misallocation / the lack of re-investment has distorted the energy sector. Covid just made it all that much worse and pounded a lot of energy stock prices to ridiculous levels. Now we got the opposite happening. We have people talking 200-300 oil lol. From one extreme to the next. Enjoy the gouge and high oil while it lasts. Extreme price spikes do more harm to the broader economy and only benefits a minority. I also believe this won't last and there is a huge premium built into prices from war in Russia. Even though it's basically meaningless in North America but more of a problem for Europe. If prices stay high I also believe consumers will change and look for alternatives. The large auto makers aren't re-vamping assembly lines to accommodate more of a hybrid & EV market for fun. For the ones who were looking for a home run they got it if they invested into deflated energy 2-3 yrs ago. But this premium in oil prices could catch you off guard. Yes alot of cash flow within the industry but tcosts are exploding faster than the price of the commodity itself.
jmho