Energy Stocks Are the Darlings of Wall Street

Oil has taken a dramatic turn over the past two weeks. We started this podcast close to two years ago, the weak pandemic lockdowns began. To put that into historical context, oil has been more expensive only twice before,. Once was during the 19 seventies, egyptian tanks and helicopters crossed the suaz canal while syrian forces moved on the s radioccupied billon heights. When the yam kipor war and later the iranian revolution interrupted the supply of middle east oil, president carter and other western leaders agreed in tokio to reduce dependence on opek. Both led recessions.