Oil Below $60 Tests U.S. Drive for Energy Independence: Energy
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Oil’s biggest bust since the global recession was good for a few cases of whiplash.
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.