Because the survivors are risk averse. 2 years ago people were cheering as they proclaimed the death of oil and companies with ~ 60 billion in debt went bankrup

Because the survivors are risk averse. 2 years ago people were cheering as they proclaimed the death of oil and companies with ~ 60 billion in debt went bankrupt. Now the Fed is pushing the economy into recession (lower demand) and high oil prices are policy-driven (Russia sanctions), mostly from displaced supply. Investing heavily in this environment is risky. https://apnews.com/article/russia-ukraine-politics-business-china-middle-east-b6a90423ee7e2245e3eafc713083896f https://apnews.com/article/russia-ukraine-politics-business-...