Oil Rising: Energy CEO Bullish On Prospects
Apr12James Volker, CEO of Colorado-based Whiting Petroleum Corp., appeared on Bloomberg Television to discuss his increasingly bullish outlook on oil. Consumption is rising, inventories are shrinking, and crude prices are on the rise. Whiting believes crude should reach the $88 price level later this year.
In response to this new economic environment, Whiting is doubling its exploration budget. One wonders whether Washington DC has heard of this novel approach to dealing with rising energy prices.
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Author : Bob Chiore
Author's Website | Articles From This AuthorAs the business editor of 73 Wire, I am intrigued by the impact of government policy on business and markets. I am a career finance professional with 30 plus years in corporate treasury management.
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