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Oil industry that Trump wants to ‘drill, baby, drill’ takes a beating

An operator for Baker Hughes conducts a wireline survey on a Chesapeake Energy natural gas rig in the North Texas Barnett Shale near Burleson, Texas. Matt Nager | Getty Images President Donald Trump wants the oil and gas industry to “drill, baby, drill” in pursuit of his energy dominance agenda, but the companies involved in … Read more

Some US oil executives see disaster in Trump’s agenda while dismissing ‘drill, baby, drill’ as a ‘myth and populist rallying cry’

In anonymous comments collected by the Dallas Fed, some US oil and gas executives didn’t pull their punches as they criticized key policies of President Donald Trump. Most respondents decried the uncertainty and higher costs from his tariffs, while others said plans to sharply lower crude prices are incompatible with a major expansion in energy … Read more

Trump ‘drill’ agenda could cut profits, test oil producers

President Donald Trump is urging oil producers to “drill, baby, drill.” U.S. oil and gas investors may not be on board with the plan. “Right now, with low oil prices, I think we’re going to start to see a lot of companies starting to pare back on their capital spending,” said Clark Williams-Derry, an energy finance … Read more

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