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Stock impact report

Energy dominance finds its limits [Yahoo! Finance]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The message Energy Secretary Chris Wright is spreading at CERAWeek, for example, is a bit contradictory. On one hand, the war in Iran is “a short-term disruption” that shouldn't worry consumers. Yet in closed-door meetings with energy executives in Houston this week, he and other US officials have prodded them to increase production, according to people with knowledge of the conversations. “‘Drill, baby, drill' is a big part of energy dominance,” Jarrod Agen, who chairs the White House Energy Dominance Council, said during a side event here. “We haven't heard any pushback on wanting to produce more.” But oil companies learned hard lessons during the shale boom of the 2010s about the risks of chasing short-term price signals, and more pushback could be coming soon. “We'll have to see how this situation resolves itself, and when, and what are the leftover ramifications from that,” Clay Gaspar, CEO of independent driller Devon Energy, told the conference on Wednesday. “The one thing I k Show less Read more
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