screenshot of https://oilprice.com/Latest-Energy-News/World-News/Low-Oil-Prices-Force-Billionaire-Harold-Hamm-to-Halt-Bakken-Drilling.html
explaining why low oil prices have led to oil drillers stopping production for the first time since Covid.
low oil prices/barrel is bad for oil drillers, so how could he bring up prices for the oil executives to make enough money from drilling more oil?! start a war to close the Strait of Hormuz.
"Low Oil Prices Force Billionaire Harold Hamm to Halt Bakken
Drilling
By Michael Kern - Jan 16, 2026, 8:00 AM CST"
"If anyone is sill wondering whether the Trump Administration's goal of $50 per barrel oil price would hurt American drillers, the answer came this week from oil tycoon and wildcatter Harold Hamm, who is ceasing drilling operations in North Dakota for the first time in decades.
This will be the first time in over 30 years that Harold Hamm has not had an operation with drilling rigs in North Dakota," Hamm, who founded Continental Resources, told Bloomberg in a telephone interview published on Friday.
"There's no need to drill it when margins are basicaly gone," the bilionaire oil magnate and Trump donor said."
screenshot from the article at: https://www.cnbc.com/2025/03/27/oil-execs-slam-trumps-tariffs-and-drill-baby-drill-in-survey.html
"Oil executives bluntly criticize Trump tariffs and ‘drill, baby, drill’ in anonymous survey
PUBLISHED THU, MAR 27 20258:34 AM EDTUPDATED THU, MAR 27 20259:08 AM EDT
Spencer Kimball"
"KEY POINTS
Oil executives issued scathing criticism of President Donald Trump’s policies in anonymous responses to a survey by the Federal Reserve Bank of Dallas.
They said Trump’s tariffs and his “drill, baby, drill” message are creating uncertainty and making it difficult to plan for future projects."
while low oil prices are GREAT for #ThePeople #affordability at the gas pumps, #djt don't give a fuck about #US!!!
He works for the billionaires profiting off natural resources they access by stealing land from indigenous tribes & destroying our environmental well being health & safety.
Oil execs told #djt loud and clear it's not profitable for them to "drill baby drill" while oil prices are down low as $50-$60 per barrel, they would need it to be up to about $100 to start up again rather than go in the direction of renewable energy markets. So, he made it happen for big money for rich white men instead of interests #FORThePeople.
Screenshot of the text to the article posted before:
"Oil executives are warning that President Donald Trump’s tariffs and his “drill, baby, drill” message have created uncertainty in energy markets that is already affecting investment.
The executives, shielded by anonymity, bluntly criticized Trump in their responses to a survey conducted by the Federal Reserve Bank of Dallas from March 12 to March 20.
“The administration’s chaos is a disaster for the commodity markets,” one executive said. ”‘Drill, baby, drill’ is nothing short of a myth and populist rallying cry. Tariff policy is impossible for us to predict and doesn’t have a clear goal. We want more stability.”
Several executives said Trump’s steel tariffs are raising their costs, making it difficult to plan for future projects.
“Uncertainty around everything has sharply risen during the past quarter,” another executive said. “Planning for new development is extremely difficult right now due to the uncertainty around steel-based products.”
They also criticized the suggestion by White House advisors such as Peter Navarro that Trump’s “drill, baby, drill” agenda aims to push oil prices down to $50 a barrel to fight inflation.
“The threat of $50 oil prices by the administration has caused our firm to reduce its 2025 and 2026 capital expenditures,” an executive said. ”‘Drill, baby, drill’ does not work with $50 per barrel oil. Rigs will get dropped, employment in the oil industry will decrease, and U.S. oil production will decline as it did during COVID-19.”
CNBC has asked the White House for comment.
The Dallas Fed Energy Survey is conducted every quarter with …
screenshot of an article immediately after the war on Iran began & the Straight of Hormuz was shut down by lethal threats by IRGC.
https://www.foxbusiness.com/energy/trump-touts-historic-300b-texas-refinery-first-new-us-plant-nearly-50-years
"Trump touts 'historic' $300B Texas refinery as first new US plant in nearly 50 years."
"America First Refining facility in Brownsville, Texas, involves Indian partners in what Trump calls '$300B historic deal'"
bringing us back to the dirtiest energy production for who's benefit?!!
not for #US
we don't need #this!!!
but his donors want more money.
#djt 's #richwhitemen buddies who violate the emoluments clause of #TheConstitution for #this #criminal wannabe dictator pretending to be #presidential
is lying to #US like liars do.
& #CONGRESS
benefits #just as fucking much.
That's why yall never fucking
pass the baton to the next generation.
![[The Great War & Modern Memory]](https://cdn.bsky.app/img/avatar/plain/did:plc:54sd6bipe7inusth2cgvlcc4/bafkreidnyt2oxqzjc2wllgsri4lhrohpdqdstk4yrtl4smltawlsesemcy)
