Reported 2 days ago
Despite the US oil industry's strong support for Trump's presidency, many executives are growing frustrated as falling crude prices and trade policies disrupt their operations. Tariffs have increased equipment costs at a time when oil prices have dipped, risking the viability of new drilling ventures. While some in the industry recognize the broader economic benefits of low oil prices for consumers, the financial strain on independent producers is leading to calls for a reevaluation of trade policies that undermine their profitability.
Source: YAHOO