That pushes them into riskier investments
Tag: overoptimistic
Oil tycoon Harold Hamm slams the EIA’s overoptimistic forecasts for US shale
Reuters/Steve Sisney Oil tycoon Harold Hamm says the US Energy Information Administration’s overoptimistic shale forecasts depress prices and put the US market at a disadvantage. Hamm says the EIA needs to hear “meaningful feedback.” As a powerful oil market mover, the EIA needs to have “more sophisticated” forecasts about U.S. shale production, because overly […]
