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From the Executive Summary: [1] Despite some rebound in oil prices since the start of the COVID-19 [coronavirus disease 2019] pandemic, significant numbers of bankruptcies are expected among oil and gas producers in the coming year, even with expanded access to the Paycheck Protection Program and forthcoming Federal Reserve loans [2] This spate of bankruptcies threatens the stability of the resource-rich regions that rely on oil and natural gas production to anchor their economies, but also the economy at large [3] As industry-specific assistance has proven largely unsuccessful, forthcoming rounds of COVID-19 relief legislation should ensure that those regions with growing unemployment in production have adequate programming to support workers COVID-19 (Disease);Bankruptcy;Petroleum industry and trade--Economic aspects
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Threat of Bankruptcies in the Petroleum Producing Industry
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