Harold Hamm Expects $60 Oil, Says America Will Double Output Again – from Forbes

“The fracking tycoon has cut capex at Continental Resources , but refuses layoffs. He says he’ll need all his staff for the new boom to come”

You just have to love an optimistic contrarian like Harold.  I worked with Harold in the 80’s when he bought the properties that formed the basis for his companies.  He knows how to do it.  I think he may be closer to right than most of the other prognosticators at the present.  A little glimpse of the light at the end of the tunnel is hopeful

Go forth boldly!

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About the author

Tom Hohn is a petroleum engineer who has worked in the oil and gas industry for 40+ years. He has endured several booms and busts during that time. In reality, the tough years outnumber the good years, but it is a great industry that has treated him well.