OPEC+ is ramping up production just as the demand outlook has begun to deteriorate.
A growing number of analysts argue that the worst is over for oil, but demand remains substantially lower.
Cautious optimism is returning to the oil industry, but prices are nowhere near profitable for the domestic industry.
Oil prices have risen ahead of the next OPEC+ meeting, but OPEC-Russian coordination is far from assured.
A growing number of analysts believe that U.S. production will never again hit recent highs.
Coronavirus and collapsing oil prices have hollowed out budgets of oil-producing countries, raising fears of instability.
With demand for oil slumping worldwide, global storage could be full by June.
Ironically, the U.S. policy of economic pressure on Iran may turn a global catastrophe into a moment of opportunity Tehran hopes to exploit.
In addition to oil, energy dominance should harness the diversity of fuels the United States has to offer and use them all to power our transportation sector.
OPEC+ agreed to the largest cuts in history, but oil prices barely moved in response.