Some oil executives in the United States see a disaster in Trump’s agenda while rejecting “drilling, child, drilling” as “myth and a popular crowd.

• The latest energy survey in Dallas Deep doubts have revealed the executives of President Donald Trump’s agenda and oil production agenda. In the unknown comments, the respondents criticized uncertainty and the high costs of definitions with prediction that trying to reduce crude prices to $ 50 a barrel will reduce production instead of expanding it.

In the unknown comments I collected Federal Reserve DallasSome American oil and gases executives have not withdrawn punches because they criticized President Donald Trump’s main policies.

Most of the respondents encouraged uncertainty and high costs from customs tariffs, while others said that plans to reduce crude prices sharply do not correspond to the great expansion of energy production.

One of the executives said: “The chaos of the administration is a catastrophe for commodity markets.” Drilling, child, drilling “is not less than legend and crying with crying. International tariff policy is impossible for us to predict and we have no clear goal. We want more stability.”

The White House did not immediately respond to a request for comment.

Trump has already slapped the definitions of China, Canada, Mexico, steel, aluminum and cars, with duties threatening medicines, chips, wood and the European Union. He said that mutual definitions will be revealed on April 2, although it is pushing for a more aggressive and possibly universal duty.

It gave a series of previous tariffs to Trump, which gives Trump’s business and consumers. Meanwhile, American refineries are importing oil from Canada and Mexico, while producers depend on the minerals imported for drilling operations.

Despite the pumping of quantities of oil during the Biden administration, the energy industry largely supported Trump and celebrated his return to office.

But Trump officials have since targeted part of their strategy to cool inflation and urge the federal reserve to reduce interest rates. In particular, the administration suggested Raw at $ 50 a barrelWith the help of a huge increase in the offer of expanded production.

Now it seems that the honeymoon has ended, as the industry warns $ 50 a barrel that will not be economically possible.

“The threat of oil prices of $ 50 by the administration may cause our company to reduce its capital expenses for 2025 and 2026.” The drilling, the child, the drilling “does not work at $ 50 for oil for the barrel. The excavations will decrease, the employment will decrease in the oil industry, and US oil production will decrease as happened during Covid-19,” Warned Warned.

Another said: “I have never felt more uncertain about our work in my 40 -year -old career.”

Certainly, some respondents welcomed Trump from climate change policies and his openness to strengthening liquid natural gas exports.

But the total tone was dark, and the Federal Reserve Commercial Activity Index decreased to 3.8 in the first quarter of 6.0 in the fourth quarter

The Outlook Company decreased 12 points to -4.9, indicating pessimism between companies, and the Outlook uncertain index raised 21 points to 43.1.

“It seems that the political climate caused by the new presidential administration creates instability. Energy markets are not exempt from the loss of public faith in all markets.”

the Survey manufacturing in Federal Dallas Last month, even in the conservative parts of the country that voted in favor of Trump, the executive officials reported a collapse in working conditions amid the uncertainty.

This came after separate surveys from other regional banks, which he found a deterioration in economic expectations, as well as capital spending plans.

Meanwhile, consumers have turned into a very negative as Trump’s sharp demobilization and demobilization operations affect their perceptions in the labor market and inflation.

On Tuesday, the latest survey of the Conference Council revealed consumer confidence in the fourth consecutive month.

It is worth noting that the reconnaissance expectations index-which depends on the expectations of consumers in the short term of income, business and the labor market-to 65.2, is the lowest level in 12 years “and much less than the 80 threshold that usually indicates stagnation forward.”

This story was originally shown on Fortune.com