Financial Institutions And The Energy Industry Effects...

Financial Institutions and the Energy Industry: Effects of Oil Price on Banking Business Caroline C. Counce University of New Orleans Abstract This paper discusses the recent downturn in the United States oil industry and how it has affected financial institutions involved in their financing and business decisions. While both local and national banks have contributed to its growth in the past, the revolution of new oil extraction techniques has led to the involvement of many additional firms looking to benefit from the boom. However, conditions in the global economy have led to oversupply and decreased demand causing prices to drastically fall leaving those in energy and production (EP) and oil-servicing companies struggling to pay back large debts. Banks are now assessing the credit risk situation as analysts in the industry expect to see defaults occur the longer prices stay beneath profitable margins. Keywords: Energy Production Financial Institutions and the Energy Industry: Effects of Oil Price on Banking Business While the US financial crisis hurt many in the overall economy, banks enjoyed the increase in business that accompanied the revolution in oil extraction technologies (Bonner, 2014). This is in particular true for North American banks at a time when overall borrowing of the economy has decreased over the past few years (Corkery Eavis, 2015). However, recent events in the industry have led oil prices to plummet andShow MoreRelatedWhat Happened During The Financial Crisis Of 2007-092501 Words   |  11 PagesNumber: B068878 Title of Course: Introduction to Business The name of your teaching assistant: Yida Zhiu The date of submission: 09/03/2016 Word count: 2477 Title of Essay: Briefly explain what happened during the financial crisis of 2007-09. 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Why People Become Black Muslims free essay sample

This paper outlines the main reasons behind the choice of African-Americans to join the Nation of Islam. We will write a custom essay sample on Why People Become Black Muslims or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This paper examines why so many Afro-Americans turned from Christianity to become Black Muslims in America and how the Nation of Islam offered these disgruntled individuals a different way of dealing with discrimination and hate. The Nation of Islam offered some African Americans a sharp contrast to the mainstream civil rights movement. Specifically beginning in the late 1920s, and continuing up into the 1960s, blacks living mainly in northern cities across America abandoned many aspects of their previous lives to embrace an organization and ideology with radical ways of acting and thinking. Why would a person become a Black Muslim? The answer is found in considering the types of individuals who accepted the Nation and the atmosphere which surrounded them. Anger and frustration can be found in the hearts of many converts to the Nation of Islam. Faced with discrimination and hate, some blacks chose extreme, violent separation over the more readily accepted non-violent call for integration.