American oil company CEOs feel increasingly ‘slighted’ by Trump’s focus on Venezuela: ‘That’s bad for US producers’. Trump’s “Drill, baby, drill” ethos is ringing hollow amid weaker oil prices and waning drilling activity. Cheap oil comes at the detriment of the struggling US producers.
Source: mafco
5 Comments
Truly heartbreaking! 😂
Renewables are where the money is at.
As usual, Trump has a bad idea that isn’t thought through and leads to bad outcomes. Shocking.
People like to crap on lobbyists but this is the sort of thing they do well. There should be a lobbyist talking to him and helping get a coherent policy on energy. Everyone would be making more money and the energy market would be more stable. But Trump doesn’t listen to anyone or plan anything.
I would think, but I guess I’m wrong, that anyone with experience running a business would understand that greater supply, without increased demand, will lower prices and profits.
Almost like everyone in the field, all the geologist, all the petroleum engineers, frac hands, driller, ect knew this.
The “figure heads” wanted to pander and kiss ass hoping you get favor