Lions don't consider oil a good long term investment.  It was a good short term investment when it suddenly lost 99% of its baseline level but not 99% of the time.  In fact, it was arguably better to just focus a taxable account on index funds instead of any individual commodity, since the capital gains tax was going to wipe it out.  Of course, if you're just happy to get any profit rather than be an investing superstar, you'll buy anything.  Lions are happy to have any job & happy to get anything that just involves showing up.

With the santa clause rally at full speed, the lion kingdom is planning on dumping a certain commodity & paying 15% federal + 9.3% state capital gains tax.  The mane question is how much at what speed.  A lot of animals just want to brag about never losing, rather than maximizing profits.  These animals slowly dump just the lowest returning positions while keeping their highest returning positions until the highest returning positions eventually become the lowest returning positions.  Then they dump those until their entire return is the lowest possible without losing.

On the other paw, selling all at once would decrease the lion kingdom's net worth to below a year ago, despite working for that entire year.  A declining net worth despite working is a difficult situation.  The only way lions can reconcile the situation is by comparing their current net worth only to the starting principal rather than the capital gains.

The tax penalty of selling for a bigger profit is always better than the tax penalty of selling for a smaller profit or a loss.  It could be the largest check a lion has ever paid to the IRS.

Commodities are a bit too volatile to keep around or for buying during anything but an obvious capitulation.  They're certainly not for taxable accounts.  The lion kingdom sees things bouncing to optimistic early 2021 levels, then a repeat of 2019 coming as the punch bowl begins to get taken away, followed by a rapid snap back to easy money.  Commodities are in a difficult long term situation.

There's a lot of talk about green energy investment pushing up oil prices because of the decrease in exploration & pipelines.  It might be true if the investments are just government waste & don't produce any real change.  Enough government firepower could be a net win over inefficiency & drive down just enough demand for oil though.

The mighty Doug Kass predicted a good run for oil above current levels before the 2019 repeat, just from inflation.  It would support gradually rolling off the lowest returning positions.  Lions consider this move daring the analysts to be right, the same way buying a bunch of index fund is daring Dave Ramsey to be right. 

Gradually selling off positions is the textbook method & what Elon Musk did.  It did cost him money, because his last sales were 20% lower than his 1st sales.

The day after the booster shot entailed symptoms of a bad cold, but not a crippling flu. The lion kingdom woke up at the usual time, had the same appetite as usual & was as unproductive as usual. Since omicron's symptoms are a bad cold, it's not clear if intentionally getting a bad cold through a booster was worth it. The mane problem was the amount of paperwork. The bad cold symptoms began several hours after the booster, so it's not clear if it came from the booster or just being around other animals.