Oil this morning is to a little south of $67, up $9 per BO in the past 90 days. Most of this is based on fear of geopolitical escalations with Iran; let's be clear, POTUS is not going to stand for oil prices above $65, at the highest. He wants oil prices in the low 50s and does not care what it does to the domestic oil industry in America.

Vance yesterday told his audience in Wisconsin that oil prices were way down thanks to Drill Baby, Drill. Ain't buyin' THAT, sorry. The small incremental increases in U.S. production the past year are some due to longer laterals in the Permian, that decline 90% in 3 years, and GOM increases that are coming online after being drilled three and four years ago. Otherwise, OPEC is to thank, or blame, for lower oil prices.

My "party" is absolutely full of ca-ca when it comes to hydrocarbons in America, its future four years out, exports, independence and dominance. It's cringeworthy to have to listen to it.