Oil prices to stay relatively low but ATH will be goodIt is now evident to me that the oil prices are going to be staying low for a while. US department of Energy has a great control over it and they will not allow for the oil prices to go high in short/mid term. There are multiple reasons why but the biggest reason is while they can control the prices to stay low the petro dollar, or US dollar that is one of the worst fiat currencies in the world that is printed uncontrollably can still fetch very valuable commodity for cheap. That alone gives US good reason enough to make all kinds of manipulations (where the biggest one is participation of a powerful AI on both buying and selling side to move the price where they want regardless of the market conditions) as well as secretive deals with US producers and Saudi. I have a strong (99%) suspicion that in addition to that US government has back door deals with US producers that allow the producers to continue increasing oil production as they are compensated for any losses or lost profits with the same printed US dollars. That is the reason they had to touch SPR - they had to buy time to have US producers catch up with their production to satisfy growing demands. They absolutely knew that the production was going to go up and they bought time, otherwise the oil prices would have gone to $150 or more.
In any case - there are many things going on behind the scenes but the result will be the same. Oil prices in the next 24-48 months will be modest. Everything else is going to be expensive but oil.
However, I do believe long term this system will lead to some kind of collapse sooner or later and we will see shortage of oil that will cause the oil prices to spin out of control and that is when energy stocks will be a safe haven for the investors and huge money makers even though it will be in deflated dollars.