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Oil i rms borrowed billions. Now they're getting burned.

2016-03-26 18:11:16| Energy - Topix.net

He'd borrowed from banks and investors and retirement funds, all in a frenzied mission to drill for oil and gas, and by the time Terry Swift realized he'd gone too far, this was his debt: $1.349 billion. His company, founded by his father almost 40 years earlier, had plunged into bankruptcy and laid off 25 percent of its staff.

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