Continuing slump in oil prices can be the reason for a new global financial crisis. The situation on the market is very tangled; global oversupply, weak demand and geopolitical tensions pushed the oil prices down below 50 dollars per barrel. Most experts believe that falling prices have not reached the bottom yet and this may become a severe blow for the global economy. Currently, there is a large number of companies on the market which previously took huge credits for buying equipment planning to get large profits from shale gas sales. In the present context, the debt of such companies totals $200 billion, and many borrowers are unable to pay on loans which were taken on the basis of oil cost from 60 to 100 dollars. Financial risks, in this case, are extremely high and can trigger a replay of the 2008 crisis. “It begins in one place like fracking in North Dakota or Texas, but it very quickly engulfs the rest of the world. In that way, it is very similar to what happened in 2008 when the crisis in the sub-prime mortgage industry took place. Billions of dollars were lent to people to buy homes they couldn’t pay off. Subsequently, it has grown into a global financial crisis,” the economist Richard Wolff said. In addition, most of the companies, facing similar challenges, are American. Shale boom, as well as Gold Rush, does not guarantee a rapid enrichment. Nowadays, a large number of people willing to start the development of new deposits and taking credits for this business are threatening the world with the new financial crisis.