"Sell the energy companies, oil prices will go down."

I've been hearing this phrase since last year, when oil was described as unsustainable. In the meantime, my stocks are still nicely in the black and oil prices are rising sharply AGAIN today after Saudi Arabia pledged major production cuts in July while the Organization of Petroleum Exporting Countries and allies agreed to extend supply curbs through 2024.

At an OPEC+ meeting over the weekend, Saudi Arabia said it would cut output by about 1 million barrels per day (bpd) to 9 million bpd in July.