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Oklahoma energy company CEO convinced oil prices will rise this year

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OKLAHOMA CITY - The past year has been rough for the oil industry in Oklahoma as prices plummeted across the country.

Those low oil prices meant multi-billion dollar losses by energy companies, including Devon, Chesapeake and Sandridge.

However, another big name in oil is holding back on oil production.

Continental Resources CEO Harold Hamm is convinced that oil prices will rise significantly this year.

Journal Record energy reporter Sarah Terri-Cobo wrote an article on Hamm's big gamble.