Monday, April 27, 2026

Shale Billionaire Hamm Slams ‘Exaggerated’ EIA Oil Projections

From Bloomberg They’re ‘just flat wrong,’ and unfairly limiting oil prices, Hamm says Cites new driller discipline seeking return on investments Billionaire oilman Harold Hamm says the government was way too optimistic with its prediction of more than 1 million new barrels a day in U.S. production, and the snafu is “distorting” global crude prices. This year’s rise is likely to be