Donald Trump’s tariff “chaos” and quest to drive down energy prices are a threat to US oil output and will undermine the president’s “drill, baby drill” agenda, shale executives have warned.
The president has pledged to usher in a new era of American fossil fuel dominance and cheaper oil, saying a fall in energy prices will help beat back consumer inflation.
But shale executives told a survey by the Federal Reserve Bank of Dallas that the president’s trade policies and rhetoric were now threatening their drilling plans.
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