Bloomberg: Companies that have invested in June 2014 in the development of energy lost about $ 390 billion. Due to the drop in oil prices
January 30, 2015
Companies that have invested in June 2014. The development of energy lost about 390 billion dollars because of falling world oil prices, says agency Bloomberg. Over the past five years, investors have invested more than 1.4 trillion dollars in oil and gas industry, the agency said. According to the agency, their means, in particular, to an increase of US light crude oil production to the maximum values for the last 30 years.
However, the current drop in prices for US WTI crude oil below $ 45 a barrel led to losses that are just beginning to manifest itself in loss of investment funds, retirement accounts and banks. "Bear Market", according to the agency, destroyed about 393 billion last June.
"The only thing people understand now that gas prices are falling. People have not noticed, this is a fall in their portfolios, "- said co-chairman of the group in the oil and gas industry Latham & Watkins LLP Sean Wheeler (Sean Wheeler). According to the agency, the fall in world prices for debtors turned several US banks and hundreds of small companies located in the US states of Texas, Colorado, Oklahoma and North Dakota.
"We are extremely concerned about banks located in these oil field. The long decline in oil prices could actually lead to significant problems of banks, "- said the agency deputy head of finance of the US Treasury Barker Gil (Gil Barker).
Information from Bloomberg, Prime
January 30, 2015
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