Hedging my portfolio in anticipation of oil shortages

Oil is up currently but not as high as it could get if we actually see a real shortage. My portfolio is roughly 50% S&P500, 20% Healthcare, 15% international, then a mix of some niche exposure. So I stand to suffer quite a bit if U.S companies are exposed to an actual oil shortage.

My thought is in order to protect against the potential for us companies to suffer loses against an energy crisis in the near future I can use some purchasing power now to buy oil at its current price. If things get worse or stay how they are oil price will drive up and I’l sell oil high. But my stock portfolio goes down as if oils up the companies I’m invested in will be suffering.

I’d use that cash from selling my stock in oil to purchase stocks at a discount due to the market decline that caused oil to surge. The downside of the conflict being resolved is oil not moving much and I don’t lose a ton of value in my portfolio. Eventually I’d sell the oil position at whatever it’s at once the threat of a shortage is gone. Possibly for a reasonable loss or neutral position. Upside is I get to protect my portfolio against potential losses in an oil shortage and take advantage of purchasing power during a downturn in the market.

Anyone else considering hedging like this to protect their portfolio a bit from losses and gain upside if markets were to crash?

-Also I know I dumbed this down a lot for the sake of conversation over Reddit. Ik there’s a lot of math and evaluation behind it.