Oil Junk Bonds Cost Investors Billions…”may amplify the fall in the oil price.”
by Tyler Durden
ZeroHedge.com
03/18/2015
“The debt borne by the oil and gas sector has increased two and a half times over, from roughly $1 trillion in 2006 to around $2.5 trillion in 2014. As the price of oil is a proxy for the value of the underlying assets that underpin that debt, its recent decline may have caused significant financial strains and induced retrenchment by the sector as a whole. If the adjustment takes the form of increased current or future sales of oil, it may amplify the fall in the oil price.
The Rest…HERE
