US EditionSo much for ‘drill, baby, drill’? | News Channel 3-12
- U.S. Oil and gas companies are cutting investments, halting drilling and clean power projects in 2025 amid market and regulatory challenges.
- This retreat stems from tariffs, trade tensions, and President Trump's contradictory policies that both seek lower oil prices and increased domestic production.
- Projects in renewables, especially offshore wind and solar, face delays as regulatory uncertainty and infrastructure issues burden agencies like the Bonneville Power Administration.
- S&P Global projects U.S. Oil production will drop about 130,000 barrels per day in 2026, marking the first yearly decline in over a decade amid low prices and demand concerns.
- This decline risks worsening energy security and economic competitiveness while prolonging reliance on fossil fuels despite administration efforts to promote energy dominance.
12 Articles
12 Articles
Analysis: Trump’s crude paradox vexes his Houston oil base
Amena’s viewDespite covering energy markets for nearly two decades, I’d never been to Houston. Last month, I took the 17-hour flight from Dubai and made my rounds with dozens of investors and drillers in the shale patch. Most volunteered they voted for Donald Trump — and in the same breath expressed disappointment with his policies that are making it harder to boost US oil production.The contradiction was clear from the start: Trump wants lower …
Trump’s energy strategy backfires as oil falters and renewables stall
U.S. energy firms are retreating from drilling and halting clean power projects as President Trump’s policies trigger market instability and investor anxiety.Evan Halper reports for The Washington Post.In short:Oil and gas companies are slashing investments and shutting down rigs, citing Trump’s tariffs, trade policies, and pressure on OPEC+ as major disruptors to profitability.Renewable energy projects, including major offshore wind farms, are …
U.S. Oil Production Forecast to Dip in 2026 Despite Trump’s Push to ‘Drill, Baby, Drill’ - News Facts Network
The Department of Energy drew attention Saturday by invoking a “Simpsons” meme to promote President... The post U.S. Oil Production Forecast to Dip in 2026 Despite Trump’s Push to ‘Drill, Baby, Drill’ appeared first on News Facts Network.
So much for ‘drill, baby, drill’? | News Channel 3-12
By Matt Egan, CNN New York (CNN) — America’s oil industry is facing immense pressure during Trump 2.0. Even though President Donald Trump vowed to usher in a period of American energy dominance, the administration’s trade war and OPEC’s production hikes have cast a shadow over the oil patch. In fact, once-gangbusters US oil production growth is now at risk of grinding to a halt — or even going in reverse. Hurt by weakening demand and depressed p…
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