I disagree simply because I believe EV will take more and more market share from ICE over the medium to long term. Gen-Z is fully on board with the climate agenda and will be using less oil in the future. It’s not gonna matter how much oil is going to cost because there will be less demand.

This same premise could probably be said about energy to power homes and businesses. Solar and nuclear power will dominate especially when paired to Bitcoin miners. I think energy price will come down in the future with the right administration and regulatory framework