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Why Pres. Trump can't make companies pump more oil
U.S. firms were pumping oil at a historic pace as President Trump's second term began. The President then signed executive orders to speed up permitting and reduce environmental regulations. The goal is to increase domestic oil supply. But analysts say that oil price trends imply that energy producers may soon slow down their capital spending. As profit margins for U.S. oil tread close to their breakeven point, some drillers could choose not to pump more.
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Tue, Mar 25 202510:42 AM EDT







