Trump promised boom times for the oil industry. They're laying off staff and reducing spending instead.
  • Justas🇱🇹@sh.itjust.works
    3·
    6 days ago

    “The cost of our largest drilling input cost, casing, has increased over 10 percent in the last quarter due to steel tariffs,” Stice, the Diamondback Energy CEO, noted in his letter to shareholders.

    Lol