[SaxxonWoods]

“A bet on $100 oil is not based on conventional supply/demand issues for oil.
It’s a bet on prolonged inflation and a decline in the purchasing power of the U.S. dollar.”

I submit it is based on both your above sentences. The world used an all-time record amount of fossil fuels in 2021.

I also submit that inflation will head lower sooner that most here expect. (Most seem to expect it to be permanently “high”, whatever they mean by “high”.) I think in 2-3 years the FED will be back to worrying about deflation, which is much worse than inflation, everybody’s favorite boogie man.

[Alberta's Child]

Deflation is the underlying demographic/economic trend we’re dealing with.

INFLATION reflects the ongoing fiscal/monetary disaster we have brought upon ourselves.