America’s energy future remains strong—but oil executives are urging the Trump administration to deliver more clarity and stability to keep domestic production booming.
A new report from the Federal Reserve Bank of Dallas, surveying nearly 200 energy firms across Texas, New Mexico, and Louisiana, reveals growing concern about rising costs, steel tariffs, and unpredictable market signals. While many executives continue to support President Donald Trump’s “Drill, Baby, Drill” message and his push for American energy independence, some are urging a more consistent policy approach to fuel long-term growth.
“We support the administration’s energy goals,” one executive noted, “but we need clearer direction on tariffs and price stability to confidently invest in the future.”
Steel Tariffs and Regulatory Shifts Raising Red Flags
Executives in the oil and gas industry pointed to steel tariffs as a major factor driving up production costs. These tariffs, designed to protect American manufacturing, are impacting essential materials for pipeline construction, drilling rigs, and infrastructure development.
“Costs are climbing, and planning for new projects has become difficult,” another respondent said. “Uncertainty is the biggest challenge right now.”
As inflation concerns linger, some in Washington have floated strategies to push oil prices down to $50 per barrel—a move that many in the energy sector believe could backfire. Low prices may benefit consumers at the pump, but they could slash investment, reduce oil production, and eliminate good-paying American jobs.
“$50 oil isn’t sustainable for domestic growth,” one executive warned. “We’re already cutting back on capital expenditures for 2025 and 2026.”
Public Praise Remains Strong for Trump’s Energy Agenda
Despite these concerns, oil leaders speaking at a major Houston energy conference earlier this month praised President Trump’s pro-energy policies, especially his focus on reducing red tape, expanding federal leasing, and putting American producers first.
Industry insiders agree: the path to long-term energy dominance requires regulatory certainty, free market conditions, and a strategic approach to trade that supports—not hinders—capital investment and job growth.
“We want to keep producing American oil, creating American jobs, and lowering costs for American families,” said one executive. “That means ensuring energy policy remains stable and predictable.”
The Bottom Line: Keep Energy Strong and American
With global markets in flux and energy demands continuing to rise, the U.S. energy sector remains a cornerstone of our economic prosperity and national security.
As President Trump leads America toward renewed energy dominance, industry voices are calling for a balanced approach that safeguards investment while keeping inflation in check.
The message from energy leaders is clear: Stay the course—but bring more certainty to the table.