If we zoom out and look at the historical volatility of crude oil prices over say a 5-10 year timeframe, there are considerable shocks. Every time we hear that "oil is staying high" whether it's $100 or $150 or whatever. Remember pre-2008 days with the so-called "rising China" fears? Oil stayed high for what seemed forever then a macro shock like the financial crisis took oil down. In my view it won't be long until the AI bubble bursts and does the same.
