Oil billionaire schools Biden on gas prices: ‘It's all about economics 101' [FOX Business Network]
Continental Resources, Inc. (CLR)
Last continental resources, inc. earnings: 2/26 04:15 pm
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Source: FOX Business Network
Continental Resources Chairman and founder Harold Hamm criticized Biden's energy plan as the administration's efforts to tackle climate change conjures up more challenges for the country. "You know it's all about economics 101 and it doesn't have to be this way," the oil billionaire said during an interview on FOX Business' "Mornings with Maria." Last year, Hamm warned the price of gasoline would surge under the Biden administration. "We predicted that with the Biden platform on energy limiting supply would have consequences – and it certainly is," Hamm told Maria Bartiromo on Tuesday. "We're seeing both crude oil and natural gas prices climb. You know, if you shut down supply and demand comes back, which it has, you're going to see higher prices and that's what happens," he explained. The average price per gallon for regular unleaded gas is about $3.38 in the U.S., an increase of about 4 cents from about a week ago and 20 cents from a month ago, according to AAA. BIDEN P
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