The great decoupling of energy stocks from oil creates carnage

A roughneck with Nabors Industries Ltd. uses a power washer to clean the drilling floor of a Nabors rig drilling for Chevron Corp. in the Permian Basin near Midland, Texas, U.S., on Thursday, March 1, 2018. Photographer: Daniel Acker/Bloomberg
A roughneck with Nabors Industries Ltd. uses a power washer to clean the drilling floor of a Nabors rig drilling for Chevron Corp. in the Permian Basin near Midland, Texas, U.S., on Thursday, March 1, 2018. Photographer: Daniel Acker/Bloomberg