Marina Schwarz

$240 Bln in Maturing Debt Looms over American Oil and Gas Companies

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4 hours ago, Marina Schwarz said:

This has been foreseen by some for a number of years and where ridiculed for it. NY Times although made it more widely known. Can we expect subsidised loans from the USA government that in reality will not be paid back to bail them out? No wonder so many investors have become so shy about investing in this industry. 

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Maybe I think the oil industry is a lot stronger than the NYT suggests. The majors will develop in areas that were untouchable before. I don't think they know the industry very well.  As long as oil prices hold in the $70 range WTI, with a $6 to $8 spread on Brent I don't think a bailout is in the making. 

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