I believe it will get into the low 90's, then sink down to the 45 - 55 range, bottoming at 30.
I don't think so. Oil prices are high because we've had more than 5 years of tremendous under-investment in oil & gas exploration and refining. All the money has been going into green energy, and we are NOT getting a proportional return on the money.
The MOMENT global demand exceeds what the greedy Saudis can produce, prices will ROCKET up. After that, the price might crash again. But, not before we repeat 2008.
“the money supply”
V of money is down. Period. Prices⬆ Costs of living⬆ D-Employment.