Energy is such an interesting trade right now. All of this has happened with China in various states of lockdown, what happens if that demand comes back. On the other hand, long O&G seems to be the one trade that the central banks are out to wreck at all costs, but can they actually follow through without bankrupting their own governments (recession, tax receipts down, debt service costs up) or losing their constituents. I am not particularly long energy (although I wish I was!) -- just sitting in my usual allocation to Canadian equity -- but it really doesn't feel to me like the central banks are in control.