Ukraine war ups pressure for U.S. oil; industry faces hurdles
In this April 24, 2015, filephoto, a worker empties oilfield wastewater from a tank truck into storage tanks on Carl and Justin Johnson's ranch near Crossroads, N.M. Labor shortages, supply problems and volatile prices have made oil companies cautious about new drilling even as U.S. politicians push for increased production. (AP Photo/Charlie Riedel, File)
BILLINGS (AP) — In the oil fields of northern Montana, industry veteran Mac McDermott watched crude prices whipsaw from $75 a barrel in January to more than $120 as Russia pressed its war in Ukraine, then down again when coronavirus worries in China raised the specter of a global slowdown.
McDermott said his family-owned company will modestly increase drilling if oil prices stabilize...
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