John Hess: Producers can’t lose sight of long term

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February 24, 201610 yr

Shale oil producers, currently slicing their budgets, shouldn’t focus too much the current, $30 a barrel oil environment, Hess Corp. CEO John Hess warned.

“We’re in a long-term business, but everyone is thinking short term,” Hess said Monday at this week’s IHS Energy CERAWeek conference in downtown Houston.

http://fuelfix.com/blog/2016/02/22/john-hess-producers-cant-lose-sight-of-long-term/

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