Oil Titan Harold Hamm warns of drilling may stop if oil prices are low: “You cannot drill, child, drilling” – United States Oil Fund (ARCA: USO)

Harold is importantOil pole and founder Continental resourcesShe issued a blatant warning: If oil prices remain at the present levels, the drilling may stop in the main American rock fields.

the details: Speaking at Cereweek in Houston, Ham confirmed that with oil prices hovering near $ 65 a barrel, many fields are already struggling to stay vigil.

“When you get less than the cost of the offer, you cannot” drill, child or drilling. “

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While industrial leaders praised the decline in climate regulations during the Biden era, Trump’s commercial policies-especially his definitions with Canada-create uncertainty and increase pressure on crude oil prices. Trump described the low prices as “huge news”, but many in the oil sector express their concern.

“There are a lot of fields that reach this point that is difficult to maintain the cost of this show,” Ham told Bloomberg TV.

“When you reach this $ 50 oil that you talked about, you are under the point where you will do” potholes, child, pits. “

Conocophillips policeman CEO Ryan Lance as well The most prominent inflationary pressures and the investor’s anxiety over Trump’s unexpected policies affecting the industry.

Scott SheffieldFormer CEO of The leading natural resourcesBloomberg Television told the audience’s trading price to cover costs and transfer profit between 50 and 55 dollars per barrel.

The oil industry can be at a turning point as low oil prices benefit consumers, but it constitutes great challenges for producers.

the United States Oil Fund LP USO ETF, tracking daily price movements, and sweet raw oil, more than 4 % decreased in 2025.

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