The debt ceiling drama (farce?) has ended. Having manufactured a crisis that could have tanked the economy, our legislators solved the problem and took credit for their statesmanship, some might argue. Let’s leave aside the political noise and ask about the impact on the energy industry. Economy spared— Good news for every business. Who needs a snap recession? No default— Preserves the credit of the U.S. Treasury securities are the “risk free” investments that underlie all financial calculations. If they are…
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