ConocoPhillips Chairman and Chief Executive Officer Ryan Lance told IHS CERAWeek that ConocoPhillips is prepared for oil-price swings going forward, and it has positioned itself to ramp up its core US unconventional investments when it appears feasible. “If $80-90/bbl oil is coming back, there is a good chance that $50-60/bbl is coming back as well,” Lance said during a news conference after his Apr. 20 speech. “We’re planning to ramp up” once ConocoPhillips executives believe oil prices are back into the $60-70/bbl range for a sustainable period, Lance said. IHS Inc. Vice-Chairman Daniel Yergin and other oil company executives attending the annual energy conference in downtown Houston also forecast continued price volatility. “This is a market that’s far from settled down, and it’s a market that’s going to be a lot more volatile,” Yergin said. “What kind of prices do you need to keep it going? […]