Trump’s Tariffs Just Torched His Own Energy Agenda

The Trump Administration insists that U.S. shale will survive lower oil prices and could work well and innovate further at current price levels of WTI crude prices of about $60 per barrel, and even lower.   The industry is not convinced. While public statements from the oil lobby and oil producers welcome President Donald Trump’s rollback of regulations and eased permitting processes, executives are privately fuming about the administration’s perceived target to bring oil prices down to $50 a barrel. Separately, the trade and tariff…