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| Re: Frack sand traffic (1329114) | |||
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Re: Frack sand traffic |
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Posted by WillD on Fri Dec 19 20:10:24 2014, in response to Re: Frack sand traffic, posted by AlM on Fri Dec 19 17:25:06 2014. How is that different from the oil busts that crushed Houston's economy at various times in the past 2 decades? The oil was still in the ground, but there was no lending available to fund the same sort of extraction effort. I think your optimism is not warranted in view of past oil busts. Lenders will lose their shirts on this bust, and they're not going to be willing to lend quite so much money to a capital intensive drilling effort as they are now, even if oil prices recover. |
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