2015 was brutal for oil stocks, and one industry guru thinks 2016 might be even worse

Sivaram V/Reuters Energy stocks had a monumentally bad year in 2015. The iShares Global energy ETF, which does a decent job at tracking the industry as a whole, was down over 20%. Oil prices tumbled, earnings dried up, and there were massive layoffs. It can only go up from here, right? Wrong, argue Oppenheimer analysts Fadel Gheit and Luis Amadeo. "We think 2016 could be even worse than 2015 for energy stocks on declining oil and gas prices and deteriorating financial condition," wrote Gheit...