Harold Hamm's push for energy independence

Fuel Fix:
Harold Hamm’s compelling personal story attracts attention, and the CEO of Continental Resources isn’t shy about sharing it.

The youngest of 13 children raised in a sharecroppers’ cabin in Oklahoma, Hamm began driving a tank truck in the oil fields after graduating from high school and had drilled his first well by the age of 25.

His company, based in Oklahoma City, is now the largest producer and leaseholder in the Bakken shale, with 1.1 million acres and 24 rigs in North Dakota and Montana.

The 67-year-old Hamm says he is still in the hunt for oil, but he also is involved in a broader agenda, pushing the cause of U.S. energy independence and what he describes as the psychological boost that would provide.

Hamm spoke Thursday at the American Association of Petroleum Geologists’ Playmaker Forum, a day-long conference devoted to finding oil, pitching prospects to investors and updates on North American shale plays.

He is chairman of the Domestic Energy Producers Alliance, formed to support independent producers, royalty owners and oil service companies and to promote energy independence. He also served as an energy advisor to Republican presidential candidate Mitt Romney.

Read more: Romney aide says Obama rules hinder energy independence

He suggested that was time well spent.

“Yeah, Romney wasn’t elected, but some of the things he brought up, the other side had to jump in and take credit for,” he said.
... 
Hamm has been incredibly successful in the Bakken formation and in pushing the rest of the country toward energy independence.  He has had meetings with President Obama and believes the President still does not understand the US energy potential despite his attempts to take credit for new production while blocking it on most federal controlled sites.

Hamm should now be seen as prescient not only because of the Bakken production but the new production in Texas on such plays as the Eagle Ford and the soon to be exploited larger Crain shale oil field in West Texas as well as the Wolfcamp in the Permian Basin.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more

Bin Laden's concern about Zarqawi's remains

James Robbins: ... Bin Laden suggests that President Bush should allow Zarqawi’s body to be returned to his family in Jordan, but this is a matter that is up to the Jordanian government, which so far has not shown much interest in facilitating a homecoming. Bin Laden mocks King Abdullah II, calling him a Coalition minion, and asking “w hat scares you about Abu Musab after he’s dead? You know that his funeral, if allowed to happen, would be a huge funeral showing the extent of sympathy with the mujahedin.” A large crowd would definitely turn out, though most people would be on hand to demonstrate their anger and disgust. Last November’s hotel bombings in Amman , masterminded by Zarqawi, are still fresh in people’s memory, and mentioning them to Jordanians has the same visceral impact as memory of the 9/11 attacks does here. Jordan has adopted a zero-tolerance policy towards those who choose to mourn the country’s least favorite son, and four opposition members of parliament who paid con
Read more