This is simply a badly written article. In 2008 oil was very high, the market was not. Now in 2016, oil is very low, and the market is heading down. There's little correlation, and the market conditions today could be argued to be a result of bad regulation and poor government interference in the private sector (conservative view anyway), and now people want even more government influence when it's in $19 trillion in debt and the Federal Reserve mark to market is insolvent.