Commodity Trade Mantra

Posts Tagged ‘Oil and Gas Loans’

Crude Oil Crash Of 2016 Has The Big Banks Running Scared

During the boom years, big banks gave out billions of dollars in loans to fund exceedingly expensive drilling projects all over the world. Now those firms are dropping like flies & the big banks could potentially be facing catastrophic losses. Since the start of 2015, 42 US oil companies have filed for bankruptcy. The longer the price of oil stays low, the worse the carnage will get.

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