There was no damage or loss of life from the attack and the oil market calmed, yet the underlying bullish factors still exist. Sometimes when we have an event like the failed strike on the Saudi facility, it has the potential to add to speculative volatility.

Red hot oil prices cooled down after reports that OPEC+ was prepared to “cool down the oil market with extra production.” The Bloomberg report caused oil prices to sell off into yesterday's close after recovering from the China bubble talk selloff. 

The Texas energy crisis has gone global as short-sighted energy policies and green energy failures are causing a massive loss of oil and product supply, as well as natural gas. Texas is still the heart of the global energy world and when it takes a hit, the rest of the world feels it.

The actions of the Biden administration continue to send prices skyrocketing. His mixed signals on Iran is destabilizing the Middle East and could lead the U.S. into armed conflict. 

The thrust supporting prices is due to the Texas energy crisis, production cuts, and the massive cutbacks in oil and gasoline capex spending.

The market’s starting to price in a possible energy crisis and the future impact that it’ll have on people's lives and economic growth. 

The Texas energy crisis has gone global as short-sighted energy policies and green energy failures are causing a massive loss of oil and product supply, as well as natural gas. Texas is still the heart of the global energy world and when it takes a hit, the rest of the world feels it.

With more vaccine rollouts and global demand rising, we’re seeing the market move towards a global deficit situation. While OPEC has spare capacity and plans to raise output in April, the trend of the supply curve means that we'll probably be too late to avoid a squeeze.

The power situation in Texas, as well as in 13 other states, is a major crisis. With over 5 million people without power and lives at risk, it shows the need for energy in any form.

It’s been a story of OPEC cuts balancing the market and the sense of a new oil supercycle as an investment is being shut down due to a global green energy push. Now add in the inflationary policies by the Fed and oil looks to be in a secular bull run.