Harold Hamm On The Oil Boom & Energy Independence

Harold Hamm, CEO of Continental Resources, submitted an article touching on the importance of energy independence and horizontal drilling. You can read the full article at newsok.com A few highlights and takeaways include:

  • He puts the innovation of horizontal drilling on the same level as landing on the moon and inventing the internet
  • Fracking is safe
  • Oil imports have dropped 26% since 2008
  • The U.S. is on path to overtake Saudi Arabia as the largest oil producer in 2017
  • Horizontal rigs running in the U.S. increased from 50 to >1,200 from 2000 to 2012