So, the oil. It’s still…expensive. Which, honestly, feels less like news and more like a confirmation of everything I suspected about the universe. Apparently, someone, somewhere, is always having a disagreement that necessitates the disruption of global commodity pricing. This time it’s Iran. It began, as these things always do, with a lot of shouting and then, inevitably, a military operation creatively named “Operation Epic Fury.” It’s like they’re trying to intimidate the oil itself.
As of Wednesday night – and I checked, mostly to confirm I hadn’t accidentally wandered into a different decade – Brent crude was flirting with $93.63 a barrel. Up 6.6% from Tuesday. 31% from before the shouting started. The numbers themselves are numbing. It’s like trying to calculate the precise number of dust bunnies under my sofa. A futile exercise in acknowledging the inevitable accumulation of unpleasantness.
Everyone focuses on gas prices, naturally. As if the indignity of paying $4.50 a gallon is the worst of it. Try heating a house in New England with oil, though. It’s a charming historical experience…until the bill arrives. And then, everything costs more. Everything. Because transporting things, it turns out, requires…fuel. A truly groundbreaking revelation, I know. My aunt Mildred, bless her, insists it’s all a conspiracy by Big Grocery. She has a very detailed map with pushpins.
History, they say, offers comfort. Apparently, oil price spikes are “relatively short-lived.” Which is a nice thought. Like believing your tax refund will actually cover the cost of that dental work. It usually doesn’t. The logic is that once the shooting stops – or even before it fully stops, because markets are “forward-looking” – things settle down. It’s like assuming a toddler will anticipate consequences. A charming delusion.
So, should you buy oil stocks? Honestly, probably not, unless you enjoy the thrill of watching a number fluctuate wildly on a screen. It’s a bit like competitive birdwatching. A lot of waiting, a fleeting moment of excitement, and then…disappointment. Long-term, though? Well, we’re still hopelessly addicted to the stuff. The U.S., the world…we’re all just giant, gasoline-powered machines. It’s depressing, really.
The smart money, apparently, is in midstream companies. The “tollbooth collectors” of the oil industry. They just sit there, quietly collecting fees while everyone else panics. It’s a beautifully cynical business model. Enterprise Products Partners and Enbridge are paying decent yields, which is nice. It won’t solve the existential dread, but it might cover the cost of a decent therapist.
There are ETFs, too. Diversification, they say. It feels like spreading peanut butter on a wound. It doesn’t actually fix anything, but it makes you feel a little better about the mess.
Let’s look at some examples. The Iraq war. The Gulf War. Russia’s invasion of Ukraine. Each one caused a spike. Each one eventually subsided. Though, honestly, “subsiding” feels like a generous term. It’s more like a temporary reprieve. A moment of calm before the next inevitable crisis.
So, what’s the takeaway? Buy oil stocks? Don’t buy oil stocks? Honestly, I have no idea. I just know that the price of gasoline is going to keep going up, my aunt Mildred is going to keep pinning things on her map, and the world is going to keep spinning, fueled by a finite resource and a whole lot of anxiety.
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2026-03-12 13:03