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Energy Industry Faces Reckoning After Oil Prices Crash

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The oil collapse calls into question the ability of U.S. producers to pay the tab rung up with bondholders and banks to fuel a price war with OPEC

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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.

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