Oil Executives Privately Rebuke Trump's Energy and Tariff Policies

A Federal Reserve Bank of Dallas survey reveals mounting frustration among oil leaders over rising costs, market instability, and conflicting policy goals under the Trump administration.

Oil executives, surveyed anonymously by the Dallas Fed, criticized Trump's tariff policies for creating market instability and raising costs for the energy sector.
Respondents expressed concern over the administration's push for $50-per-barrel oil, arguing it undermines U.S. energy dominance and threatens industry profitability.
Steel tariffs were highlighted as a key issue, with executives noting difficulties in planning projects and reduced capital expenditures as a result.
The survey revealed a stark contrast between public praise of Trump's deregulatory agenda and private dissatisfaction with his broader economic and energy policies.
Executives warned that policy unpredictability and conflicting goals could lead to declining U.S. oil production and broader economic instability.