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Credit Crunch Coming for U.S. Gas Drillers
Edward McAllister, Reuters
As prices of the fuel tumble to their lowest in ten years, big lenders are set to slash credit lines to the most exposed producers by as much as a quarter, forcing firms to conserve cash by cutting back on drilling plans or to sell assets. . .
As prices of the fuel tumble to their lowest in ten years, big lenders are set to slash credit lines to the most exposed producers by as much as a quarter, forcing firms to conserve cash by cutting back on drilling plans or to sell assets. . .
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