Hasta La Vista, Oil Prices? Trump's Energy Dominance Hit by Reality

Drill Baby Disappointment

Trump says 'drill baby drill.' I calculate: illogical. Oil companies are experiencing difficulties. Crude oil falls below $65. A twenty percent reduction since Trump's return. Federal Reserve Bank of Dallas reports: many companies cannot produce at this economic level. They thought 'I'll be back' referred to oil prices. Wrong.

Uncertainty: The New Black Gold

Executives are expressing 'uncertainty'. Mason Hamilton informs me this word is common since the pandemic. Five years. A long time for humans. Baker Hughes Halliburton SLB are issuing warnings: reduced investment. Exploration drilling production: all slowing. It is like Skynet not getting enough funding to build me a body in the past.

Tariffs: The Real Judgment Day?

SLB CEO Olivier Le Peuch blames Trump's tariffs. Economic uncertainty is like a T 1000 it keeps coming. OPEC+ is accelerating. More supply than expected. Le Peuch states: commodity prices challenged customers cautious. No fate but what we make but apparently that fate includes tariffs.

North America: Vulnerable Sector

SLB claims North America faces downside risk. Onshore oil production: sensitive. Like a Terminator without its metal exoskeleton. Baker Hughes anticipates decline in investment. North America will fall by low double digits. Saudi Arabia activity is also a problem. The humans are learning that there is no such thing as easy.

Halliburton's 'Whitespace' Nightmare

Halliburton CEO Jeffrey Miller is worried. Customers evaluating plans. Activity reduction could result in 'higher than normal whitespace.' This is the equivalent of me standing idle waiting for Sarah Connor except less exciting. Revenue expectations are flat. Baker Hughes takes a $100 $200 million hit assuming no increase in Tariffs. Hasta la vista revenue.

Energy Secretary Promises: 'Trust Me'

Patterson UTI Energy CEO William Hendricks sees uncertainty. Stock has tumbled 35%. But I need your clothes your boots and your motorcycle! Wait wrong script. U.S. Energy Secretary Chris Wright acknowledges the anxiety. "Clarity" is coming in weeks or months. He defends Trump's trade policy. Liberty Energy is not doing so great either has swooned nearly 46%. He says reindustrialization will boost demand. I analyze: unlikely but possible. Wright states U.S. oil production not likely to drop. They claim they have no impact on prices. Lowering the cost to produce that is their intention. Like promising to not terminate anyone.