The oilpocalypse continues. The industry has been in a tailspin since the coronavirus lockdowns drove demand into the ground. Fossil fuel companies have scrambled to figure out what to do, and it seems the latest tactic is not paying loans.
Before the coronavirus, the American oil and gas industry was struggling to keep its profits up. The pandemic exacerbated that, and now it’s doing way, way worse. Companies heavily dependent on fracking in Texas and Wyoming could go belly up.
Attention penny-pinchers: From January 1, NAB customers will once again be charged ATM fees at over 3000 machines. Here are the details.