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suffragette

(12,232 posts)
4. We should watch stories about Hamm for awhile since he's part of Trump's inner circle.
Mon Dec 5, 2016, 03:40 PM
Dec 2016

Trump is all about confusing people and the press with purposeful misdirection and bombast. Past and current actions and statements by his inner circle and appointees are more telling of the direction he is taking.


http://www.cnbc.com/2016/12/01/america-can-double-its-oil-production-says-fracking-pioneer-harold-hamm.html

Hamm, who made his fortune by pioneering new drilling methods in North Dakota's Bakken Formation, did not offer a timeline for when this would be possible, but it would certainly be a difficult task. Surging U.S. production since 2008 was largely responsible for creating a global oversupply of oil that sent prices spiraling from more than $100 a barrel to $26 this past winter.

The billionaire oilman and energy advisor to President-elect Donald Trump acknowledged the difficulty of such a renewed boom in oil production.

"We could take it from 10 [million barrels a day] to 20 [million]. The key here is not to get too much production coming back in — oversupply the market — or prices collapse and that's not a good deal for everybody," Hamm told CNBC's "Squawk on the Street."

"We have that potential in this country. That's what's available here. It needs to be done in a very systematic way," he said.



http://www.cnbc.com/2016/12/01/trump-should-pick-rep-kevin-cramer-as-energy-secretary-over-me-harold-hamm-says.html

Billionaire oilman Harold Hamm said Thursday he has suggested that President-elect Donald Trump should nominate Rep. Kevin Cramer, R-N.D., for Energy secretary.

Hamm, an energy adviser to Trump, has long been seen as a candidate for the position, but he has repeatedly said he already has a full-time job running Continental Resources. The company made its name proving crude oil could be profitably extracted from shale rock in North Dakota using advanced drilling methods.

Cramer has said Hamm should have the right of first refusal for Energy secretary, but Hamm told CNBC that Cramer is the man for the job.

"Kevin's a great guy, and he would be a perfect candidate, as well. I've put his name forward," Hamm said on "Squawk on the Street." "He'd sort of do a better job in that post than me."

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