How the U.S. Oil Industry Has Taken a Beating Under Trump
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Jack Schitt
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Posted 3:58 pm, 05/03/2025
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Where the oil go Biden sold to China
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Tabs
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Posted 3:55 pm, 05/03/2025
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So this antithesis guy is worried about big oil's profits?
And as for gas prices, 2.59 here in Ashe, and AAA has national gas prices 50 cents per gallon cheaper now than this time last year.
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DB Cooper
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Posted 10:39 am, 05/03/2025
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You two don't have a brain between you. Oil loves Trump.
The DOJ on Wednesday filed lawsuits against Hawaii and Michigan over their planned legal action against fossil fuel companies for harms caused by climate change. On Thursday, the DOJ sued New York and Vermont, challenging their climate superfund laws that would force fossil fuel companies to pay into state-based funds based on previous greenhouse gas emissions. - NY Post
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ht
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Posted 9:10 am, 05/03/2025
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He is really not the businessman he claims to be, huh?
Who would have thought a guy who has bankrupted multiple businesses, including casinos, would not be a strong fiscal leader for the US?
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antithesis
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Posted 1:58 am, 05/03/2025
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Ha, well, those charts didn't paste right!  You'll have to click the link to see the full chart, I guess.
Jason!!!
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antithesis
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Posted 1:56 am, 05/03/2025
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Since Trump took office, oil drillers' stocks have plummeted, crude prices have tumbled and gasoline prices remain stubbornly high. In the biggest oil field in the U.S., dismayed frackers are starting to reconsider their drilling plans because they anticipate demand for their product to weaken-in part as a result of Trump's erratic shifts on trade.
Before Trump came into office, oil production in most U.S. crude regions was set to decline because of maturing fields and dwindling sweet spots. Oil executives expect Trump's policies to accelerate this trend, including in the Permian Basin of West Texas and New Mexico, the largest oil field in the country.
https://www.wsj.com/busines...?st=c1yy6S
As you can see, US oil production increased more under Biden than it did under the First Reich. And now the projection for the Second Reich is to pretty much stay flat, or even decrease a little.
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