Behind the Money with the Financial Times

Why Big Oil is resisting Trump’s call to ‘drill, baby, drill'

Behind the Money with the Financial Times

Published: 5 February 2025 at 05:00 UTC

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Episode notes

US President Donald Trump wants energy producers to drill for more oil. He claims it will lower prices for consumers and tackle inflation. But oil companies have a different set of priorities — and those could send them on a collision course with Trump. Clips from C-Span, Fox, ABC

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For further reading:

When peak Chinese oil demand meets ‘drill, baby, drill’

A shale boom is not Donald Trump’s gift to give

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

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Read a transcript of this episode on FT.com

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