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.

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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...
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