Reuters recently published a story called “Bankruptcy looms over U.S. energy industry, from oil fields to pipelines.” Until now the main focus and chatter has been about shale oil drillers and how they will, or will not, survive the low oil price apocalypse. What we haven’t heard much about (until now) are pipeline companies. As the article points out, midstream companies are not immune to the price crash nor (for some) to bankruptcy.
Reuters recently published a story called “Bankruptcy looms over U.S. energy industry, from oil fields to pipelines.” Until now the main focus and chatter has been about shale oil drillers and how they will, or will not, survive the low oil price apocalypse. What we haven’t heard much about (until now) are pipeline companies. As the article points out, midstream companies are not immune to the price crash nor (for some) to bankruptcy.