Moody's: Oil crash "Catastrophic"; worse that dot-com bustRupert Hargreaves
Moody's: Oil crash is worse that dot-com bust
Across the North American oil patch, the 2014 oil bust is still playing out. For outsiders, it may look as if the crash is now over and companies are starting the recovery process. However, depressed oil prices are still wreaking havoc in the North American oil industry.
The most recent tally of oil patch bankruptcies is $66.5 billion, according to law firm Haynes and Boone LP’s Oil Patch Bankruptcy Monitor . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible