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[quote=Anonymous]Indeed, here's the oil execs take on Trump's economic policies.

https://www.yahoo.com/finance/news/us-oil-executives-see-disaster-192149353.html
[quote]
Trump officials have since targeted oil as part of their strategy to cool inflation and induce the Federal Reserve to lower interest rates. In particular, the administration has suggested crude at $50 a barrel, helped by a massive increase in supply from expanded production [from the Biden administration].

Now the honeymoon appears to be over, as the industry warns $50 a barrel wouldn't be economically feasible.

"The threat of $50 oil prices by the administration has caused our firm to reduce its 2025 and 2026 capital expenditures. 'Drill, baby, drill' does not work with $50 per barrel oil. Rigs will get dropped, employment in the oil industry will decrease, and U.S. oil production will decline as it did during COVID-19," another oil executive warned.

Yet another said, "I have never felt more uncertainty about our business in my entire 40-plus-year career."[/quote][/quote]

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