Oil Prices and the Energy Provisions in the One Big Beautiful Bill

Great video about oil prices from experts in commodities.

I think Wasif Latif's point about the price being right for oil is really significant for the implications of the energy provisions of the One Big Beautiful Bill set to pass in the House soon.

Subsidies make sense for a growing innovative industry like solar, not so much for oil where geopolitical tail risk surrounding a massive supply is the biggest concern.

Oil companies are smart. They're not going to just jump up and bite at oil subsidies and expand infrastructure when they know that the supply and demand factors don't favor them.