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Jay Young - Why Aren’t U.S. Oil Companies Drilling?
Oil is back over $100 a barrel, but U.S. producers aren’t rushing to drill more. With global supply under pressure and demand still high, you’d expect a surge in production but that’s not what’s happening.
Jay Young, Founder and CEO of King Operating Corporation, joins the program to explain what’s really holding companies back and why higher prices aren’t leading to more drilling.
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By The Lars Larson ShowOil is back over $100 a barrel, but U.S. producers aren’t rushing to drill more. With global supply under pressure and demand still high, you’d expect a surge in production but that’s not what’s happening.
Jay Young, Founder and CEO of King Operating Corporation, joins the program to explain what’s really holding companies back and why higher prices aren’t leading to more drilling.
Send us Fan Mail