Petroleum industry in debt markets

Book · Sat Dec 31 23:00:00 EST 1983

OSTI ID:6848654

Wollstadt, R D

A review of financial transactions of major oil companies does not support assertions that their size effectively crowds potential borrowers out of financial markets or that their large lines of credit limit funds available to others. Documentation on borrowing shows no change in net borrowing over the past 10 years by large industrial companies, a higher capital expenditure level that is due to higher energy prices, comparable debt ratios, and a larger decline of equity ratios than other industries. The documentation also shows no disruption of lines of credit or inability of the banks to set cope with fluctuating demands for financing. 9 tables.

• OSTI ID: 6848654
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
CAPITAL
COMPARATIVE EVALUATIONS
ECONOMIC IMPACT
ENERGY EXPENSES
FINANCIAL ASSISTANCE
FINANCIAL INCENTIVES
FINANCING
INDUSTRY
PETROLEUM INDUSTRY