USO Fund ETF - Tempted Again

You know besides REIT and other growth stocks, I used to own somewhere around 100k worth of USO fund. It's basically an ETF that tracks the movement of oil price. As I was in the oil and gas business, I have always been bullish about the long term view of fossil energy, regardless of what oil majors say about how much they are into renewables. In my own personal view ( and I can be wrong, and it's quite often that I am wrong, I have to admit), they have to put on a façade to show that they are very much into a sustainable future as the WOKE train has arrived. 

To me, renewables is like the new sexy word that makes VC's heart race. It's the energy of the WOKE world. Clean and green. All nice but what really powers the renewables industry? It's still good old oil and gas. At least for the foreseeable future. Thus, when oil price turned negative back in early 2020 due to the pandemic, I continue to buy into the USO Fund. Yes, price of oil was negative once upon a time but no the petrol station didnt pay us money to fill up our cars. I wish! haha.

After buying the USO fund for 2 years, I finally sold it for a 73% profit earlier this year. Then shortly after Russia started the war with Ukraine and oil price went even higher.  Oh well. 

Long story short, the price of the fund is now back to the price point of when I sold it. Seriously tempted to get into the oil business again. :)

Anyway just a disclaimer here, I am all for a sustainable future but I am just skeptical about the efforts of the oil majors.