US President Donald Trump speaks during the eighties of the United Nations General Assembly (UNGA) at the United Nations headquarters on September 23, 2025 in New York City.
Chip Somodevilla | Gety pictures
CEO of rock oil says President Donald Trump is harmful to investing in oil correction, and gives a bleak view of the future of the industry that turned the United States into the largest crude product in the world.
The comments of the unknown executives were published in A. A quarterly scanning The oil and gas companies by the Federal Reserve in Dallas this week. 139 companies that mostly responded in Texas, as well as North Louisiana and South New Mexico.
Trump defended fossil fuel while attacking the renewable energy industry since he took office in January. for him A single beautiful invoice workThe Congress approved it in July, presented almost everything that the oil hall he wanted.
But Trump pushed to decrease crude prices, high tariffs, and uncertainty caused by “stroke from a pen” that harms investment.
Nearly 80 % of the executives who participated in the survey said that they delayed investment decisions in response to the increasing certainty about the future price of oil and the cost of crude production.
One of the executives said, “We started the shack of the rock,” referring to the demobilization of thousands of thousands and the unification of the industry under large companies such as Exxon Mobil. “Writing on the wall.”
“Drilling will disappear”
Another executive official warned that “the pits will disappear” as Trump pays $ 40 for raw oil for the barrel at the same time that his steel tariffs are raised. Crude oil prices are currently trading about $ 65 a barrel, higher than the level of producers who need to be drilling profitable.
Another executive official said that the oil rock industry was “destroyed” over the departments of Biden and Trump. The person said that the political hostility from Biden was the capital chasing the industry. They said that Trump’s economic ignorance is “ending the job.”
“The American rock works are broken,” said CEO.
The person said that the Trump administration may effectively agree with the OPEC+ decision to increase oil supplies, “” American producers in this process. “
The CEO himself said: “The US Energy Ministry, who tells them what they want to hear instead of difficult facts, is guided by a little understanding of the rock economy.”
Organizational costs
US Energy Minister Chris Wright said the White House makes drilling cheaper by reducing regulations on this industry. However, 57 % of the CEOs surveyed by the Federal Bank of Dallas said that the organizational changes since January have reduced the tie costs of less than one dollar per barrel.
Another executive official has warned that Trump’s renewable energy attacks will return to chase the oil and gas sector within a few years. The person said that investors avoid energy due to fluctuations and the risk of “stroke of the pen” that the White House takes over energy projects.
They said: “Life is long, and the sword that is used against the renewable energy resources industry at the present time, is likely to return 3.5 years ago against traditional energy,” warning that the industry will face sanctions from the most cruel methane, allowing environmental restrictions and reviews when Democrats return to power.
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