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Oil Below $60 Tests U.S. Drive for Energy Independence: Energy

2015-01-05 18:30:25| Electronics - Topix.net

Just two months ago, Continental Resources Inc., the shale driller founded by billionaire Harold Hamm, budgeted for $80-a- barrel oil and planned to spend $4.6 billion in 2015. Six weeks later, with crude down 29 percent in the interim, Continental cut its 2015 budget to $2.7 billion.

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