Dems and Fossil Fuel Execs Agree on One Thing: Hating Donald Trump [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
During the Biden years, the qualitative portion of these surveys—anonymous comments submitted to Fed researchers—railed against Democrats and their supposed persecution of fossil fuel producers. In the most recent survey , released on Wednesday, oil and gas executives tear into a new target: Donald Trump. “The administration's chaos is a disaster for the commodity markets,” one executive at an exploration and production, or E&P, firm writes. “‘Drill, baby, drill' is nothing short of a myth and populist rallying cry. Tariff policy is impossible for us to predict and doesn't have a clear goal. We want more stability.” Another adds that, “I have never felt more uncertainty about our business in my entire 40-plus-year career.” While fossil fuel companies are reliably Republican—and strongly backed Trump's reelection campaign—his half-baked plan for “U.S. energy dominance” could hurt their bottom line. Much of the oil produced in the United States is extracted through fracking and othe
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