Wall Street will stymie Donald Trump’s US oil surge plan, shale bosses say

Donald Trump’s push for a new oil boom faces resistance from Wall Street, with shale executives warning that US oil output in his second term will only rise slightly, due to investor pressure and economic factors. Despite Trump’s efforts to boost production and lower prices, shale companies are hesitant to ramp up drilling, citing profitability concerns and the depletion of prime drilling locations. The industry’s caution is driven by past volatility and current price pressures, leading to a projected slowdown in shale activity and reduced spending by major players like Chevron and ConocoPhillips.

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