[tomder55]

Remember he was going to unleash the energy market and 'drill baby drill ' ? What happened ?

After Trump advanced his position on tariffs engaging in trade wars with multiple countries, crude oil prices dropped by more than 20% below the $65-$70 per barrel threshold for operators in the Permian Basin to break even.
After the Trump administration announced a tariff exemption on certain items, the U.S. crude benchmark, West Texas Intermediate, slightly increased to $62.96 as of Wednesday. The international benchmark, Brent Crude, was at $65.85.


After the Trump administration pushed OPEC countries to increase output, eight OPEC+ countries agreed to phase out their voluntary output cuts and increase production by 411,000 barrels per day by May, prompting oil prices to again drop.
Goldman Sachs also reduced its December 2025 oil forecasts, putting WTI at $58 a barrel and Brent at $62 a barrel, projecting a “stagnating” economy as a result.

Texas oil and gas industry concerned about uncertain trade, energy policies | Texas | thecentersquare.com

Price of crude dropped because Trump pressured OPEC to increase production ???? Does he not realize that there is a break even point in domestic production where it is not profitable to drill baby drill ?

It's like asking farmers to grow soy beans at a loss . Oh wait ;that is happening too because of his tariffs .

U.S. Soybean Exports Now Face a Nearly 115% Tariff to China as Tit for Tat Plays Out - AgWeb

After Trump was reelected, “the initial mood in the industry was euphoric” because the industry believed the administration was “pro-energy,” Odessa-based Latigo Petroleum president Kirk Edwards said. “But within the first few months, a different set of challenges emerged. Tariffs have driven up the cost of drilling, squeezing margins just as operators look to expand.”
The Trump administration pushing OPEC to increase production in an already oversupplied global market contributed to oil prices plummeting. “This sharp price decline has thrown U.S. producers into limbo,” Edwards said. Trump’s mantra, “Drill, baby, drill,” turned into “wait, baby, wait,”

Instead of 'drill, baby, drill,' U.S. rig counts falling, layoffs increasing | Just The News