Harold Hamm: Why I Predict $70 Oil by the End of the Year

Harold Hamm, CEO of Continental Resources, discusses his predictions for oil prices, initially forecasting $60 per barrel, which was later adjusted to $70 due to supply and demand dynamics. He highlights the impact of global disruptions and decreased US production on the market. Initially, his views were not widely accepted, but industry analysts have since aligned with his predictions. The discussion also covers potential threats to these predictions, such as the return of US production.

What does Harold Hamm believe about the future price of oil?

How has the supply and demand dynamic affected oil prices according to Harold Hamm?

What factors does Harold Hamm mention that have contributed to the oil supply disruptions?

What was the unexpected change in oil production that Harold Hamm discussed?

What is Harold Hamm's perspective on the consensus among industry analysts regarding oil prices?