Reduced capital investment in upstream sources for new supplies of petroleum, match the similar scenario of the 2008-9 financial crisis Spending on fossil fuels has declined precipitously from 2014, reaching a bottom only last year The action of governments and activist shareholders to foster so-called “green energy” alternatives through edicts, tax subsidies, and regulatory barriers have discouraged upstream investment in oil and gas Two of the things that precipitated the financial crisis of 2008 were a leveraged asset bubble in housing and a maturing commodities super-cycle There is a case that can be made that the present day liquidity profile and reduced capital investment in upstream sources for new supplies of petroleum, match the similar scenario of the 2008-9 financial crisis. In recent times, and partially as a result of the global pandemic, huge infusions of cash have been pumped into the market to achieve a number of objectives. […]