Shale King Hamm Wants to Give Oil Forecasters a Reality Check
- Executive blames government predictions for curbing oil prices
- Hamm cites pressure on producers to avoid oversupplying market
This article is for subscribers only.
The boom in U.S. shale-oil production requires "more sophisticated" forecasting than ever, billionaire oilman Harold Hamm said in an interview.
Hamm, who is set to speak Thursday during a U.S. Energy Information Administration event, blames overly optimistic government production predictions for depressing U.S. oil prices.