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自2014年国际油价下跌以来,以页岩油气为代表的美国能源投资出现了债务违约和破产的潮流。由于大量依赖信贷和债务融资杠杆,相关企业的风险正在迅速蔓延到全球银行、债券和基金等行业,中国等新兴经济体的一些投资者因此也存在潜在的风险。本文对相关能源行业的投资以及银行、基金行业的融资参与情况进行了严谨的调研和分析,并对当前西方投资者在能源方面的投资风险膨胀以及传导到金融业的潜在压力提出了预警。本文对于我们理解世界经济的走向具有重要价值,对于能源和金融行业的实践也具有重要的参考意义。
Since the international oil price plunged in 2014, the U.S. energy investment represented by shale oil and gas has experienced the trend of debt default and bankruptcy. Due to the heavy reliance on credit and debt financing leverage, the risks of related businesses are rapidly spreading to industries such as global banks, bonds and funds, and some investors in emerging economies like China also have potential risks. This article conducts a rigorous investigation and analysis of investment in the relevant energy industry and the financing participation of banks and fund industry, and gives early warning of the current western investors’ investment risk expansion in energy and the potential pressure transmitted to the financial industry. This article is of great value to us in understanding the direction of the world economy and is also of important reference to the practice of the energy and financial sectors.