This headline should be more specific. Energy companies definitely will see increased default rates. This can easily be evidenced by big banks like JPM and Wells Fargo putting 500 million more in their loss provision accounts.<p>For a couple years, while energy prices were sky high, these companies were given loans, expecting that energy prices would hold. Obviously that isn't the case, and these prolonged depressed prices will cause defaults to increase. Banks for the most part don't hold a big percentage of energy loans in comparison to their total loan portfolio. But I imagine regional banks in Oklahoma, Texas, etc with large energy exposure will have significant trouble.<p>Saudi Arabia is getting their wish, just at a much slower rate than anticipated.