Oil executives slam Trump’s tariffs in latest Dallas Fed survey. “The administration’s chaos is a disaster for the commodity markets. ’Drill, baby, drill’ is nothing short of a myth and populist rallying cry. We need stability.” “This is not ‘energy dominance.’”

4 comments

1. Building an investment plan now is harder than it needs to be. I can certainly see areas which aren’t blessed centrally struggling more than they would otherwise.

2. Guess those oil execs forgot about the second half of “fuck around and find out.” The fucked around and are now finding out.

3. Then why did they fund him?

4. ‘Energy dominance’ is what the US had under Biden. World record oil and gas production, mushrooming LNG exports and record wind, solar and battery deployment. And on top of that a booming economy, rising demand, revitalized manufacturing sector, falling inflation and stable policies. All of which led to record revenue and profits for the oil and gas industry.

   But then it got greedy and bankrolled a charlatan who promised them even more. And who then proceeded to fuck everything up because he’s a moron surrounded by clowns, misfits and idiots. Now the industry faces rising costs, falling demand and a looming recession. Be careful what you wish for.

   The classic story of killing the golden goose.

Comments are closed.