The onerous terms on new debt obviously makes it even less likely that oil drillers will be able to get back on their feet

Rise Of The Vulture Investing Class

By Oilprice.com Nick Cunningham—— Bio and Archives--February 5, 2015

Global Warming-Energy-Environment | Comments | Back To Full Article

The oil markets are showing some life, having rallied 11 percent over a two-day period. But if a bigger rebound is not around the corner, it won’t just be oil companies that will be feeling the pain: their lenders will also face some steep losses if drillers can’t come up with the cash to cover debt payments.

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