The corporate bond buying program managed by is necessary for so many industries. But if we don’t take appropriate steps it will be a stealth oil bailout for the $86 billion in junk oil debt coming due
The energy sector has buckled in recent weeks as the global demand for oil suddenly shriveled and oil prices plunged – trading now one-third their most recent high.
“Tech Disruption was already cratering oil and gas. Saudi and Russia are fighting over a market at “peak demand”, and moving down the backside. Only cheap producers will remain, shortly. That’s not us, at all.”