Peak What? Dancing With The Devil

Summary

  • Crude oil under $80 is most welcome, however there may be side effects.
  • Some oil producing countries may be forced to borrow more in the bond market.
  • Energy (oil) related speculative (junk) debt costs could cause debt stress.
  • Existing and future production projects with breakeven points above $80/bbl may be jeopardized.
  • What are the market plays?
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