Wednesday, 29 Feb 2012 | Posted By:
| Source: CNBC.com
To capitalize on the higher gas price, CNBC’s Jim Cramer says, oil and gas drilling companies are shifting away from natural gas and focusing more on oil. In turn, they are exploiting their reserves and increasing their outputs. The Lundberg Survey suggests the price of gas isn’t likely to fall anytime soon, so Cramer thinks these companies may enjoy increased profits for some time.
Harold Hamm, CEO of Continental Resources and Mitt Romney’s energy advisor, on Thursday called for increased support of the oil and gas industries as part of a national energy policy.... Read More