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As oil nears $100 a barrel, fracking companies want to scale back their drilling

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America's biggest frackers are reporting huge profits, but as the price of oil nears $100 a barrel, oil companies want to keep oil production in check in 2022 to honor commitments to Wallstreet to return more cash to shareholders and try to win back investors.

For more, KCBS Radio news anchors Jennifer Hodges and Kris Ankarlo spoke with Severin Borenstein, faculty director at the Energy Institute at UC Berkeley's Haas School of Business.

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