Oil is hitting 80 and the dollar takes a dump

Texas is barely able to export at that price, they are being hit with enormous inflation in production with truck drivers earning some 15k a week! 

Texas Company Offers Truckers $14K A Week Amid Historic Driver Shortage

But the dollar dump has made imports from China extra expensive and consumers are slowing down with growth now project to drop below 3% in 2022. And for consumers, the 80 price on oil makes them watch their budget closely.

So, it seems there is a discontinuity, and the petrobanks need more work. Right now OPEC is calling the shots on this. Ten year yield is back up to 1.5, the FX insurance effect will be felt after the current dollar dump.  This all seems like real time knife edge stuff, day by day. I have no prediction at this point, no prices are stable.