[bbcbasic]

> Riskier companies may lose access to credit completely

If a riskier company can't renew it's credit, and in general the money is getting more expensive won't this lead to bankruptcy for many energy companies. Those companies won't be able to pay their debt back so ergo the money has to be written off.

This would lead to higher IR on any old-energy based debt which could then put even the less risky companies at risk as they need to put more of their profits into servicing their debt.

There would be a systemic failure. Unlike the housing crisis it will be due to companies that can't afford their debt in the future, rather than overextended home owners who couldn't afford the debt from day zero. But the effect could be the same.

Disclaimer: Armchair economics.

[Retric]

Energy companies make up a tiny fraction of world debt. There is over 200 trillion in total debt world wide. You can find many trillion dollar slices of that that mean next to nothing.

[sunstone]

Sure, but there still might be an investing opportunity.