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Trump's policies threaten U.S. oil investment despite fossil fuel support, with 80% of firms delaying projects due to uncertainty.
Shale oil executives warn that President Trump’s policies, including steel tariffs, unpredictable decisions, and alignment with OPEC+ supply increases, are undermining investment and threatening U.S. oil production, despite his support for fossil fuels.
A Dallas Fed survey found 80% of oil and gas firms delayed investments due to price and cost uncertainty, with crude near $65 per barrel—close to breakeven.
Tariffs and economic volatility are also affecting global energy markets, according to a GlobalData poll, while Asia leads projected PET capacity growth through 2030.
Meanwhile, ExxonMobil approved Saipem’s $500 million EPCI contract for Guyana’s Hammerhead project, Nigeria cleared a $510 million oil stake sale, Iraq resumed northern oil exports to Türkiye, and India made its first offshore gas discovery in the Andaman Sea.
Las políticas de Trump amenazan la inversión petrolera de EE.UU. a pesar del apoyo a los combustibles fósiles, con el 80% de las empresas retrasando proyectos debido a la incertidumbre.