Energy Industry Faces Reckoning After Oil Prices Crash

The oil-price collapse wiped out tens of billions of dollars in energy-company stock market value in a moment Monday, calling into question the industry’s ability to pay a huge tab that it rang up with bondholders and banks to fuel its price war with OPEC.

Investors accelerated their flight from energy-company assets, sending stock and bond prices down by double-digit percentages. The exodus of capital threatens an industry that has been a pillar of the debt markets and of the U.S. economic recovery since the last recession.

It’s been three days since the “collapse” of oil. Give it a rest.

Well lets start seeing it at the pump. It all works out in the end. Somebody missing out on their endless cash cow. WeThePeople

Love the low fuel costs.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stocks making the biggest moves midday: Diamondback Energy, Walmart, Twitter and moreThese are the stocks posting the largest moves in midday trading.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Oil stocks tumble across the board amid Saudi/Russia price war, energy ETF down 16%Shares of oil companies tumbled in premarket trade Monday, as crude prices fell 20% amid a price war between Russia and Saudi Arabia. The Energy Select SPDR...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »