Oil and gas industry leaders are expressing their frustrations with the White House's tariff and energy strategies. A recent survey carried out by the Federal Reserve revealed a surge in uncertainty within the US energy sector. Executives feel the tariff policy lacks transparency and stability, making it challenging to predict its impact on their operations. There is concern over the Trump administration's conflicting agenda of boosting domestic energy production while implementing tariffs.

The industry's dissatisfaction with President Trump's energy policies stems from the belief that his actions are hindering progress rather than supporting it. The pro-industry slogan "Drill, baby, drill" is being criticized as unrealistic and purely symbolic. The imposition of tariffs, especially on steel, has exacerbated the ambiguity surrounding future business planning for oil and gas companies.

Executives are troubled by the administration's contradictory goals of increasing energy production while advocating for cheaper oil prices. They argue that these objectives are incompatible and could lead to a decline in US oil production. Additionally, industry experts point out that energy companies are more focused on maximizing profits for shareholders rather than expanding production capacity.

The prevailing sentiment among energy professionals is that the current political atmosphere is creating instability in energy markets, mirroring the broader loss of public trust in various sectors.