this post was submitted on 16 Sep 2025

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United States | News & Politics

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How low oil prices turned Trump's call to 'drill, baby, drill' into a pipe dream (grist.org)

submitted 1 week ago by Sunshine@piefed.ca to c/usa@midwest.social

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[–] Justas@sh.itjust.works 3 points 1 week ago

“The cost of our largest drilling input cost, casing, has increased over 10 percent in the last quarter due to steel tariffs,” Stice, the Diamondback Energy CEO, noted in his letter to shareholders.

Lol