US EditionTexas oil and gas industry concerned about uncertain trade, energy policies
- The U.S. Oil and gas industry experienced shock due to policy and market shifts.
- Conflicting energy policies and trade actions created an environment of uncertainty.
- Tariffs on steel and aluminum increased costs, squeezing margins for operators.
- Ed Longanecker of TIPRO stated tariffs are "concerning on many fronts" for the industry.
- Lower prices and potential demand destruction may lead to reduced production and investment.
42 Articles
42 Articles
Post-Biden uncertainty slows oil development
From its tumultuous beginnings through the profitable years of the 27.5-percent oil tax depletion allowance that was preserved by powerful politicians like U.S. Speaker of the House Sam Rayburn and Sen.-President Lyndon Johnson from 1926-69, oil politics have always been a big part of the business and they remain so now. Odessa oilman Kirk Edwards and Waco economist Ray Perryman say it was a milestone for the Biden administration’s all-out regul…
Watauga Democrat
Texas oil and gas industry concerned about uncertain trade, energy policies
(The Center Square) – The Texas oil and gas industry is concerned about the uncertainty surrounding energy production and prices despite President Donald Trump's vow to "drill, baby, drill."
U.S. Onshore Oil Production Faces Economic Policy Challenges
US oil and gas operators have encountered an avalanche of economic policy changes from the Trump administration over the last week, creating market uncertainty in an already maturing industry. Rystad Energy expects onshore Lower-48 production will fall short of the record high output of 11.37 million barrels per day (bpd) of oil, achieved in November 2023, until at least June of this year. However, this outlook faces serious downside pressure sh…
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