« Not Brennan. Not Hayden. Then Who?, Ctd. |
Main
| Bla-lego-vich »
11 Dec 2008 10:26 am
The Trouble With Cheap Gas
By Patrick Appel
The Oil Drum:
We often hear that "soon" oil prices will hit a bottom, and start shooting back up again. I am less and less certain that this will be the case. Instead, I am concerned that we may on a relentless path to a point far below the point where energy companies can expect to have any chance of making money. We may be on a path toward more and more bankruptcies and defaults of all types--energy companies, owners of commercial real estate, homeowners, financial institutions, auto makers, airlines, and many more. If this is the case, there will be a huge strain on governments, and some may find it necessary to default on their debt.
Share This
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c45669e20105364cd5e5970b
Listed below are links to weblogs that reference 'The Trouble With Cheap Gas'
