"Low oil prices are leaving many oil and gas companies with difficult debt loads, causing them to default at an extraordinary rate. On top of that, rating firm Moody's forecasts the default rate will increase. The strain on the oil patch comes after years of borrowing heavily at the start of the domestic energy renaissance." [emphasis added]
comment:
Predictable. But I repeat myself. Clean coal tech will do the trick, but policy makers and politicians ever figure it out, or figure it out in time?
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