"Drill baby drill" on hold?

[ThisIsMe]

Trump trade war uncertainty threatens U.S. oil production​

President Donald Trump’s trade war has thrown the oil market into deep uncertainty, triggering wild swings in crude prices, undermining investor confidence and jeopardizing domestic production.

U.S. crude oil hit a low of $55.12 on Wednesday, down 23% from the closing price on April 2 when Trump announced his sweeping plan to slap tariffs on more than 180 countries. The rapid pullback in prices threatens the president’s “drill, baby, drill” agenda as companies will struggle to boost output at profit.

But West Texas Intermediate staged a comeback after Trump suddenly reversed course Wednesday, announcing a 90-day pause on high tariffs for most trade partners with the exception of China. The U.S. benchmark swung 13% from its session low to close at $62.35 in response.

https://www.cnbc.com/2025/04/10/trump-trade-war-uncertainty-threatens-us-oil-production.html

There are all sorts of unintended consequences from trump's buffoonery.

The intent of drill baby drill is to lower gas prices, the thing is, you can't force anyone to drill. Most oil and gas companies will slow production if prices get too low. When prices crater, it's cheaper to cap the well than to sell it at a low price. So they will reduce production until the price comes back up.

 

[Zafira Cherry]

Jared never got a dime from Saudi Arabia. The money went to the investment firm he worked for. They invested it for the Saudis, They paid him nothing! Dumbass!

Sure he did
Affinity Partners is an American investment firm, based in Miami, Florida. It was formed in 2021 by Jared Kushner

You were WRONG on China importing pork from the USA and you are wrong on this one.

Dumbass!

 

[Winco]

So Trump lowered gasoline prices at the pump, giving consumers relief from the Biden inflation. Thanks for recognizing. Excellent job, Mr. President!

Are you still buying the LIE of gas for $1.88 in 3 States?

 

[Mashmont]

Are you still buying the LIE of gas for $1.88 in 3 States?

I don't go to all the states.