More Keystone Kops flip flops from the gang that can’t drill straight.
Energy Sec and Climate bullshitter Chris Wright, along with Interior Sec Doug Burgum called on the luxuriously plush carpet by Billionaire donor and Fracking Tycoon Harold Hamm, to explain themselves, and how the allegedly “pro business” administration is kneecapping the industry.
This follows closely after a Federal Reserve of Dallas survey of Oil Executives revealed some brutal takes on the current Administration by their own Robber Baron donors.
In the space of ten days, U.S. Energy Secretary Chris Wright has gone from full-throttle shale hype-man to waving the red flag on oil prices. Today’s bombshell? “$50 oil is not sustainable for producers,” Wright said, according to Bloomberg’s Stephen Stapczynski.
But now, with WTI hovering around $62.86 and the sector still licking wounds from a brutal $10-per-barrel drop this month, the messaging has shifted. Hard.
The contradiction is emblematic of where U.S. shale finds itself in 2025: stuck between political slogans and fiscal reality. On one hand, Trump wants “drill, baby, drill” to be more than just campaign nostalgia. Trump also wants consumers to see lower prices at the pump. Meanwhile, Wall Street wants dividends, not drilling binges.
As for US shale players, they just want clear and predictable policies with oil prices that don’t swing $10 per barrel in a 30-day period.
Continue reading “Honey, I Shrunk the Profits. Energy Sec Tap Dancing as Tycoons Lose Patience”








