Harold Hamm Sounds the Alarm: Low Oil Prices Could Shut Down US Shale

Shale titan Harold Hamm isn’t mincing words—if oil prices stay this low, drilling in some of America’s prized shale fields could grind to a halt. Speaking at CERAWeek in Houston, the Continental Resources founder warned that with oil hovering near $65 a barrel, many U.S. fields are already on shaky ground. “When you get below the cost of supply, you can’t ‘drill, baby, drill,’” Hamm told Bloomberg. “That shuts you down.” It’s not exactly the raucous celebration oil executives had…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com