Challenges Loom for Trump's 'Drill, Baby, Drill' Amid Oil Surplus
TL;DR Summary
President-elect Donald Trump's push for increased shale production in the US faces challenges due to a global crude oil glut, which is expected to slow down the pace of output growth. Despite Trump's promises to boost production and lower pump prices, analysts predict a modest increase of 251,000 barrels a day through 2025, marking the slowest growth since the pandemic-induced drop in 2020.
- Oil Glut Set to Thwart Trump’s Call to ‘Frack, Frack, Frack’ Bloomberg
- Why Trump’s ‘drill, baby, drill’ pledge may not actually lower US gas prices The Guardian
- Long-term effects of Trump's plans for more U.S. drilling CBS News
- Harold Hamm: ‘Drill, Baby, Drill’ Faces Geology Barriers, Even Under Trump Hart Energy
- ‘Drill, baby, drill’: What if the world doesn’t need Trump’s ‘liquid gold’? Sydney Morning Herald
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