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Well... that might not be true. Were in a weird spot right now where banks handed out billions in loans to oil companies. And now it looks like a lot of these c
by westpfelia 7y ago
Well... that might not be true. Were in a weird spot right now where banks handed out billions in loans to oil companies. And now it looks like a lot of these companies are going to be insolvent well before they can even start drilling. So were talking about big banks being hit hard with billions in loans not being paid.
- dd36 7y agoThey usually hedge out 18 months. It would take a sustained assault by SA and I really doubt they will have that much resolve.