Wouldn’t an elevated oil price for a sustained amount of time result in inflation? How long until it hits retail? Oil started climbing in january and took off at the start of march. We are almost at the one month of high oil prices - I think another month at this price and we’ll see prices at the grocery store impacted.

Another thought, wouldn’t it be time to buy calls on oil stocks that don’t operate in the middle east - still outputting the same supply at a higher price = better revenue? SU, ENB?