Big oil is getting big mad at Trump. The honeymoon may be coming to an end. Trump’s sweeping tariffs shocked oil markets with rising costs and sent the price of oil tumbling at the same time. Rising costs and lower prices means less profits for US oil companies.

For the love of God what did the oil companies think this walking disaster bankruptcy king would do?

Back in July the Dallas Fed Energy Survey showed that [almost half of the respondents are projecting to decrease their output](https://www.dallasfed.org/research/surveys/des/2025/2502#tab-questions) compared to their forecast at the beginning of the year. We should see some serious consolidation over the next 18 months as the growing oil glut shakes off any company without a solid cash reserve.

Guess what doesn’t help oil companies, economic collapse. They paid to lose money.

Edited: does to doesn’t

The US oil industry never had it better than it did did in the Biden era. A booming and growing economy. Record production. Record LNG exports. Record profits. Then it got greedy and bankrolled a demented old fool who chanted “Drill baby, drill!” to crowds of screaming and fist-pumping idiots. And now it looks like it may have killed its golden goose. Thoughts and prayers.