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News & Articles By Richard Brown

10/23/2023 / By Richard Brown

Oil prices could surge to $150 per barrel unless the U.S. increases exploration

Continental Resources Inc. (CLR), a petroleum firm led by billionaire Harold Hamm, has warned that oil prices could surge to $150 per barrel unless the U.S. government takes more action to promote exploration. CLR CEO Doug Lawler stated that oil production in the Permian Basin, much like other shale regions, may peak without increased exploration. […]

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