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Industry News / Politics & Policy

For The Oil Industry, Trump Giveth A Lot, And Trump Taketh A Little Away

For The Oil Industry, Trump Giveth A Lot, And Trump Taketh A Little Away – Donald Trump speaking at the 2013 Conservative Political Action Conference (CPAC) in National Harbor, Maryland. Image owner Gage Skidmore (Flickr.com)

The full article goes into more detail on how proposed steel and aluminum tariffs will impact the industry.  So, is it accurate to state: No steel, no oil, no gas.  It really is that simple.

Published in Industry News, Politics & Policy

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3 Comments

  1. “No steel, no oil, no gas.  It really is that simple.” Well, it’s a little more complicated than that. It will certainly impact rising costs for all facets – upstream, midstream and downstream, but single-handedly drive the industry into a bust cycle – I don’t see it. Maybe just keeps it around the $60-$70 range for longer.

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    • Agreed that it’s not that simple.
      But I would be happy if oil could be stable in the $60-$70 range for the next few years.

      Reply
  2. This article seems to be rather ‘US-centric’. There are oilfields outside of the US.. The shale players are so heavily in debt that I doubt that a few more bucks for ‘steel’ is going to bother them much.

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