Political Climate Shifting Against The Oil And Gas Industry

. Electric Car Expert, Green Guru, Green Building Design

Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more “above ground” problems at a time that they can ill-afford it.

Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important. But U.S. financial regulators are growing concerned about a pile of energy debt that is deteriorating in quality. A report from the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Federal Reserve singled out the oil and gas sector when it concluded that credit risk was rising across the United States.

For example, there is at least $34.2 billion in loans in the banking…

View original post 685 more words

Advertisements
About

Take care at our planet, go Green.

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Re:Newed

The premier upcycling marketplace for businesses

Future Energy Projects

A Cleaner World, A Brighter Future

Geography:Excel

Aiming Higher

topic terra

a discussion on earth science and environmental themes in wider media

Ottawa Wind Concerns

A safe environment for everyone

Our Dangerous E-Waste

Break the cycle, Recycle!

bcbynature.wordpress.com/

Green Living In Style . . . No Compromise

The Write Farm

Unconventional Methods

Saveer Biotech

Greenhouses Manufactures

Tome of Trovius

Bringing knowledge to your desk

Green City Gardens

Gardening in small urban spaces

Cultivated Nest

Progress not perfection

The Naturalsphere

"The love for all living creatures is the most noble attribute of man" - Charles Darwin

Rachael Hesling

Rachael Hesling's Wordpress blog

Northeastern Green

News and Information About Sustainable Lifestyles, Green Energy and General All-Around Awesome Living

%d bloggers like this: