Stephen Shork

What we're looking at here is a market that has, let's borrow the term, irrational exuberance.

They want to believe this war is going to be over.

And perhaps it is.

And I hope it is.

And I hope that there's a positive resolution.

But what we don't have a resolution to is the amount of damage to infrastructure that's been inflicted upon the market.

You certainly ask interesting questions.

European buyers, refineries, once they come out of maintenance season, they're going to be buying a lot more oil, a lot more U.S.

oil, but there is a limit to how much.

So we are two to three weeks away from a shortage that we're already seeing that's going to grow exponentially over the next couple of weeks.