Edoardo Cignoli : Deep Debt Keeps Oil Firms Pumping

American oil and gas companies have gone heavily into debt during the energy boom, increasing their borrowings by 55% since 2010, to almost $200 billion. And their need to service that debt helps explain why U.S. producers plan to continue pumping oil even as crude trades for less than $50 a barrel.



via WSJ.com: US Business http://ift.tt/1wmU8yu