Oil up will more and more equate to alternatives and efficiencies. As people restrain the over use of a faulty product, with pollution and climate change etc, than the flooding of markets with oil to push demand up doesn't work, and slow the roll out of alternatives and efficiencies fails faster. One huge manipulating power for inflation thus loses their power. From wars around the globe by oil powers driving up debt and destruction, the world can't afford it or the climate change and pollution and living withing our means equates to inflation down and long term investing in America more viable/long bonds.

With M2 trending down i look for this to aide the trend and friend as those dollars have to be used more wisely than the present J Biden/J Manchin policy of All of The Above almost as bad as Drill Baby Drill. Better spending of less dollars means less throw away world and inflation with the cancerous growth finally starting the debate of not 2 or 3 percent FED inflation but 0% inflation. One atmosphere and one planet for life means conserving and valuing old fashioned things like saving and planning better.

$TLT$  bullish