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Are Banks Being Roiled By Oil?

Sunday, October 30, 2016 5:14
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(Before It's News)

from Liberty Street Economics

– this post authored by James Vickery, Lauren Thomas, and Ulysses Velasquez

Profits and employment in the oil and natural gas extraction industry have fallen significantly since 2014, reflecting a sustained decline in energy prices. In this post, we look at how these tremors are affecting banks that operate in energy industry-intensive regions of the United States.

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