A Sea Change is happening in investmentEven if they don't want to invest in oil companies they will have no choice because money is being spent on basics and not tech gadgets. In this stagnate economy there will be significantly less money spent on technology. I see Nasdaq falling by 50% from highs.
Think about the companies that plan stock buybacks and initiating or increasing dividends or having special dividends. The average oil company could eliminate debt in two years at current prices! They also got religion and don't over invest in drilling that craters oil prices. This makes them super safe investments.
The political landscape will also change as Republicans will take Congress and the next President is also likely to be Republican. The impression is tech has been out of control and action could be taken against many of these companies either because of monopoly concerns or politically motivated censorship.
The banksters are IMO holding oil stock price down so that their clients can load for the big move up later this year. Any drops are buying opportunities.