Houston Matters

What Exactly is a ‘Zombie’ Oil Company and Could They Hurt the Economy?

Low oil prices have created more examples of what some call “zombie” oil companies. Forbes writer Christopher Helman recently wrote an article explaining what exactly that means and how these companies could hurt banks. MORE: Zombie Oil Companies Could Hit Banks With $20 Billion In Loan Losses (Forbes, Feb. 12, 2016)

ExxonMobil's refinery in Baytown is one of the nation's biggest - Dave Fehling - CROPPED

Low oil prices have created more examples of what some call “zombie” oil companies. Forbes writer Christopher Helman recently wrote an article explaining what exactly that means and how these companies could hurt banks.

MORE:
Zombie Oil Companies Could Hit Banks With $20 Billion In Loan Losses (Forbes, Feb. 12, 2016)

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Michael Hagerty

Michael Hagerty

Senior Producer, Houston Matters

Michael Hagerty is the senior producer for Houston Matters. He's spent more than 20 years in public radio and television and dabbled in minor league baseball, spending four seasons as the public address announcer for the Reno Aces, the Triple-A affiliate of the Arizona Diamondbacks.

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