Financial Woes Hurting Investment in US Energy Projects
Aug 8th, 2008 | By Byron King | Category: Featured, Financial NewsWhiskey and Gunpowder contributor Byron King is currently driving through the US and Canada looking for new energy investments. And he says he is amazed at the level of activity in the energy and agricultural sectors.
But even though the crisis on Wall Street is far away, it’s impact can be felt in rural America: At a time when energy projects desperately need heavy investment, bank lending is drying up.
Byron says the financial sector woes risk making the forthcoming energy crisis even more severe…