Big Oil could be hit with a wave of oil company bankruptcies

Grist
By Katie HerzogFeb 17, 2016, 7:19 pm131 ptsTrending
The stock market giveth and the stock market taketh away. A new report by the auditing and consulting firm Deloitte warns that a third of publicly traded oil companies could go bankrupt this year. Auditors looked at 500 natural gas and oil production companies around the globe, and found that 175 are at high…

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