Oil in the eye of the storm...Oil sell-off last week was overblown and hasn't everything worked out as I said? The market is starting to relax and can now set its focus on higher Oil which is here to stay. Here we are now starting the week higher since common sense returned after the bombardment of negative headlines from Banks collapsing to EV flying in the skies. Being born in the late 1950's in Detroit gives me frontline experience in the Auto Industry. I have seen it all from watching Kennedy being shot live on TV to the 1967 Race Riots burning everything in sight to the 2008-09 great recession which forced the auto industry to "right-sizing" and I can tell you that EV is nowhere near what they predict happening in California by 2035. Some genius figures that 250 Nuclear Plants need to be built in the US for EV consumption that's not counting a complete revamping of the Hydro delivery system from outdated transformers to upgrading hydro lines and Point of Sale Infrastructure so Oil is here for another 30yrs++ or do you picture one day you'll be walking around Central Park seeing extension cords hanging down 50 stories to charge their cars. The Banks will fair just fine after history has taught the FED just to throw money at any problem and there's a reason that the FED hasn't come out guaranteeing that every problem will be met with FED backing because everyone would have a feeding frenzy looking for handouts. Then we have Iran possibly seizing another Oil Tanker, and now the US has to deal with North Korea talking about nukes again, did I not say that the US has to remain strong to defend against the Red's and Russia is another loose canon so there's too much uncertainty about Oil Delivery for lower Oil, I am puzzled that Ukraine hasn't taken out Russia Oil and NG main pipelines after Russia attacking Ukraine Infrastructure because I would have just to cripple their revenue stream plus any natural disaster would be on their grounds. There's no slide ruler that dictates that Oil needs to be lower than $70 in any slowdown and if the FED didn't start in June with Rate Hikes Oil would be at $150 so Oil has been pushed lower to $70+, what happened to the price of cigarettes when demand changed after the government push against tobacco companies, I remember putting in 2 quarters for a pack with change back now you need a weeks pay for a pack and coins were all Silver and when they stopped minting solid silver everyone predicted the collapse of Silver. Since June 2022 when I said Oil would hit $75 by years end I was bashed for that but did it not happen exactly like that, did I not keep telling everyone weeks ago that we're due for a landmine of US Data last week and everyone should stay liquid but we're past that now, and did I not say when SVB happen that Oil would hit $65 and return to test it again before the summer and now I'm saying that Oil is heading for $100 Q1 2024 with Inflation dropping and since 2020 COVID the US Manufacturing Chain has never fully recovered pushing prices higher so this slowdown is showing the resilient US it's like driving with 2 feet, one on the gas and one on the brake but what happens when you take your foot off the brake, the rear tire will smoke lunging you forward and it's this next bull run that will drive Oil towards $100+. We have come from 9.1% Inflation to 5% so the economy has rid itself halfway through Inflation so after a year we're now at the point where the market can focus on the end game when there are no further Rate Hikes and lower Inflation and then Rate Hike reduction so killing the cash cow at this point of the game in the eye of the storm is lunacy so think bullish as we exit this. Nothing like a weekend in Hampton to get a grip on reality and China's great burst of energy when the walls came down will level out and gain strength from this point. Even the headlines have changed towards positive and when Oil is at $90+ I'll post, told ya so...