Not really, the energy industry is not investing capital because they got burned pre Covid going into Covid. Remember how we were out pumping everyone? The Saudis weren’t backing down either. Huge world oil glut then shutdowns happened. They took a short term beating. In this past year they have been making record profits. Do you think there is any incentive for them to pump more? Drill more? Produce more? Basically put out more money which drives the price down. Everyone paints the red vs blue picture, but it’s rich vs poor, power vs powerless. You’ve watched too much right wing tv and viewed too many memes and are now one of the brainwashed. Read some oil industry bulletin boards, or some business related articles on oil industry to gain an actual real understanding.