Oil could rise to $120 to $150 a barrel, sending a shock through the financial system, the chief executive of a top shale-oil company says.
That’s Doug Lawler, chief executive of Continental Resources, the shale-drilling giant controlled by billionaire Harold Hamm, telling Bloomberg News on Monday that crude prices are set to remain elevated and could press to the $120- to $150-a-barrel range without new production.
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