Oil Bust Contagion Hits Wall Street, Banks Sit on Losses by Wolf Richter • Dec 11, 2014 • 6 Comments Wall Street made a killing on the fracking and offshore booms, but now the tide turns.
This Chart Shows Which Countries Get Mauled the Worst by the Oil Bust by Wolf Richter • Dec 9, 2014 • Comments Off on This Chart Shows Which Countries Get Mauled the Worst by the Oil Bust Oil busts can exact a terrible price, even in the American oil patch.
“Yes, it Was a Brutal Week for the Oil & Gas Loan Sector” by Wolf Richter • Dec 8, 2014 • Comments Off on “Yes, it Was a Brutal Week for the Oil & Gas Loan Sector” Junk debt explodes. Yields go exponential. Offshore drillers hit the worst.
Norway May Need to Build Post-Oil Economy Pronto by Oilprice.com • Dec 8, 2014 • 1 Comment New oil projects get scrapped amid falling production and plunging prices.
Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults Next by Wolf Richter • Dec 7, 2014 • 11 Comments Revenues, earnings plunge. Liquidity dries up. Stocks eviscerated.
Canada’s LNG Export Dreams Go to Heck by Oilprice.com • Dec 6, 2014 • 1 Comment Done in by the plunging price of oil.
How Financial Engineering Wreaks Havoc on the Price of Oil by Oilprice.com • Dec 5, 2014 • Comments Off on How Financial Engineering Wreaks Havoc on the Price of Oil Delivering counter-intuitive price action even if fundamentals improve.
Mexico on the Verge of a New Tequila Crisis? by Don Quijones • Dec 3, 2014 • 1 Comment Toxic mix: plunging oil price, soaring debt, itchy hot money, and public rage.
Oil War Pushes Venezuela Over Brink, Probability of Default Soars to 84% by Wolf Richter • Dec 2, 2014 • 5 Comments Out-of-money date is April. Fears that chaos will “lead to barbarity and people looting.”
Saudi Arabia Declares Oil War on US Fracking, hits Railroads, Tank-Car Makers, Canada, Russia; Sinks Venezuela by Wolf Richter • Dec 1, 2014 • 12 Comments The bloodletting is spreading.
