https:\/\/reason.com\/2025\/03\/28\/trump-is-sabotaging-his-drill-baby-drill-agenda<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"“”I have never felt more uncertainty about our business in my entire 40-plus-year career,” said one survey respondent. Another respondent called “uncertainty” the “key word to describe 2025,” adding, “There cannot be ‘U.S. energy dominance’ and $50 per barrel oil,” a stated goal of the Trump administration. (The current cost of oil is about $70 per barrel.) At that price, “We will see U.S. oil production start to decline immediately and likely significantly (1 million barrels per day plus within a couple quarters). This is not ‘energy dominance.'”<\/p>\n
“The administration’s chaos is a disaster for the commodity markets. ‘Drill, baby, drill’ is nothing short of a myth and populist rallying cry,” one comment succinctly said.<\/p>\n
It’s not just Trump’s rhetoric that has the energy industry on edge; it’s his trade policies, too. One respondent noted that tariffs “immediately increased the cost of our casing and tubing by 25 percent.” Another said, “Washington’s tariff policy is injecting uncertainty into the supply chain.””<\/p>\n
https:\/\/reason.com\/2025\/03\/28\/trump-is-sabotaging-his-drill-baby-drill-agenda\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[221,1596,1349,217,576,1265,578,170],"class_list":["post-17081","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-donald-trump","tag-drilling","tag-economic-growth","tag-economics","tag-oil","tag-oil-and-gas","tag-oil-price","tag-trump"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17081"}],"version-history":[{"count":2,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17081\/revisions"}],"predecessor-version":[{"id":17083,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17081\/revisions\/17083"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}