Commentary: Could falling oil prices spark a financial crisis?
Green Car Congress
DECEMBER 5, 2014
The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Junk-bond debt in energy has reached $210 billion, which is about 16 percent of the $1.3 Junk-bond debt in energy has reached $210 billion, which is about 16 percent of the $1.3 trillion junk-bond market.
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