Wall Street will stymie Donald Trump’s US oil surge plan, shale bosses say

Wall Street Will Frustrate Trump’s Push to ‘Drill, Baby, Drill,’ Shale Bosses Predict

President Donald Trump’s “drill, baby, drill” call for a resurgence in United States oil production will be frustrated by the reluctance of Wall Street to approve another frenzy, according to shale bosses, reported the Financial Times. U.S. oil and gas output during Trump’s second term will increase by less than 1.3 million barrels of oil a day, Wood Mackenzie and Rystad Energy said, well below the nearly two barrels a day rise under Joe Biden. …

Shale Investors Unlikely to Heed Trump’s Call for an Oil Boom

Despite President Trump’s “drill, baby, drill” policies, it will be oil prices and Wall Street that will determine how much U.S. oil production will grow in the near term, shale investors and executives say. President Trump signed on his first day in office an executive order to unleash America’s energy by easing the barriers to oil and gas extraction and production and revoking a series of climate orders by President Biden. While the industry a…

Wall Street will stymie Donald Trump’s US oil surge plan, shale bosses say

Output set to rise more slowly under new president than during Joe Biden’s term

Investor pressure on companies and economic realities in a sector always at the mercy of oil prices will hinder Trump's quest for an era of “American energy dominance”

Rystad Says Significant Uptick in USA Oil Output Highly Unlikely

'Despite President Trump's intentions, a significant uptick in U.S. oil production is highly unlikely', Rystad noted in a special U.S. policy oil and gas m...