Oil Companies Spending Like the Future Was Going to Be the Same as Last Time

A lot of energy lenders that are definitely turned off from the market compared to what they would have been ten years ago or something, and a lot of investors who are very worried about it. The fed did not have enough inflation coming out of the last am the financial crisis, right? And so they made a different mistake time. Oil companies spent like the future was going to be durable. That s going back not th long after the poitwere time. When you get to a point where you're closer to ten years than five years ago, you think like that this time, that we're not going to make the same mistake that we did before. It's long enough for that.