Red flag: Oil company defaults are spiking
Posted on by Granite Hall PartnersAmerican oil companies are starting to scream “mayday.” Last year, 42 North American drillers filed for bankruptcy, according to law firm Haynes and Boone. It’s only likely to get worse this year. Experts say there are a lot of parallels between today’s crisis and the last oil crash in 1986. Back then, 27% of exploration […]