Tracking the Growing Wave of Oil & Gas Bankruptcies in 2020

[NeoGreen]

https://www.visualcapitalist.com/tracking-the-growing-wave-of-oil-gas-bankruptcies-in-2020/

2020 hasn’t been kind to the energy sector, and a growing wave of energy bankruptcies has started to build.

After a difficult year marred by rising geopolitical tensions in the Middle East and crude prices in the $50-60 per barrel range, analysts warned that the energy sector needed a strong recovery to offset a rising (and expiring) mountain of debt.

Instead, the oil patch has seen one bombshell after another, and the impacts are adding up.

[Wellstone ruled]

1. Let's add this,

like all extractables,the easy stuff is long since gone. Now it is simply how much do you want to spend doing the same old ideas.

[Bayard]

2. Well, bless their hearts....