Technology7/29/2025Ars Technica

Trump promised a drilling boom, but US energy industry hasn’t been interested

Trump promised a drilling boom, but US energy industry hasn’t been interested

The article discusses the lack of interest in the US energy industry to capitalize on the promised drilling boom during the Trump administration. Despite the administration's efforts to promote domestic energy production, the industry has remained largely disinterested. According to an industry executive, the "Liberation Day chaos and tariff antics" of the Trump administration have actually harmed the domestic energy industry. The article notes that the industry's reluctance to invest in new drilling projects is due to concerns over market volatility, regulatory uncertainty, and the long-term transition towards renewable energy sources. The article highlights that the energy industry's focus has shifted away from the promised drilling boom, with companies instead prioritizing cost-cutting, debt reduction, and shareholder returns. The article suggests that the Trump administration's policies have failed to significantly boost the US energy industry as promised.

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