Did US Shale’s Bet on President Trump Backfire? ...Middle East

OILPRICE - Economy
Did US Shale’s Bet on President Trump Backfire?
source : OILPRICE ( Middle East ) () 103
‘Drill, baby, drill’ was just another saying in the U.S. shale patch a few years ago. It was a time when the industry was boosting oil production by about 1 million barrels per day (bpd) each year. Then it became a campaign slogan. Now, it is the official U.S. energy policy of the Trump Administration. The U.S. oil and gas industry bet on another term in office for President Donald Trump, donating millions of U.S. dollars to his campaign and super PACs. Now the oil bosses have the friendliest possible administration, which has moved…

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