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Ian Walker Tag

FIFTY SHADES OF BLACK

20 September in ENERGY, ENERGY ACADEMY

By Ian Walker Energy players are in a painful place at the moment, with companies and governments tightening their belts as the price of oil remains low. The winners in the current scenario, of course, are those who neither produce nor sell energy. But things are coming to a head and we are all likely to be affected. The possibility of another financial meltdown constitutes a global threat. Up to one-third of US junk bonds are linked to shale gas plays where companies hedged their bets on a $100 barrel of oil. With the outlook being nearer to $50 per barrel,...