This 'panic index' suggests an oil-and-gas crisis could be on the way

AP/Hasan Jamali Little-reported but extremely critical data point for the oil and gas industry emerged yesterday. With insiders in the debt business saying that risk levels in the sector have risen to unprecedented levels. That came from major ratings service Moody’s. With the firm saying that one of its proprietary indexes of credit problems in the oil and gas sector has hit the highest mark ever seen. That’s the so-called “Oil and Gas Liquidity Stress Index.” A measure of the number of...