Trump’s billionaire oil industry donors aren’t getting what they wished for

Trump's Desire for Cheap Crude Puts Big Oil's Plans to the Test

(Bloomberg) — Big Oil has a powerful ally in the White House, but the first quarter of Donald Trump’s presidency was a real test for companies’ plans. The rest of the year could be even tougher.

Trump’s Desire for Cheap Crude Puts Big Oil’s Plans to the Test

Big Oil has a powerful ally in the White House, but the first quarter of Donald Trump’s presidency was a real test for companies’ plans. The rest of the year could be even tougher.

Trump’s billionaire oil donors aren’t getting what they want

The US president said “drill, baby, drill” but his tariffs tanked the commodity’s price and they could reduce, not increase, production.

Trump’s billionaire oil industry donors aren’t getting what they wished for

Donald Trump urged the US oil industry to “drill, baby, drill”, but his tariffs sank the oil price and could reduce, not increase, production.

U.S. Shale M&A Hits the Brakes as Oil Slides and Tariffs Bite

Mergers and acquisitions in the U.S. shale industry got off to a strong start this year. Oil was trading at pretty reasonable prices—unless you’re OPEC—there was a pro-oil president in the White House, and the outlook was bright. For a while. Then, prices took a dive, markets panicked about tariffs, and everyone started predicting economic catastrophe. The outlook is no longer so bright. The first quarter of 2025 saw shale oil and gas deals wort…

Oil And Gas Producers Want To Chill Despite Push To Drill, Baby, Drill

The Trump administration is pulling out all the stops to “drill, baby, drill” in a push for more oil and gas drilling on public land. But low oil prices have producers in Wyoming wanting to instead "chill, baby, chill” to boost the market.