US oil industry doesn’t see profit in Trump’s “pro-petroleum” moves

The article discusses the US oil industry's lack of enthusiasm for President Trump's "pro-petroleum" policies. Despite the administration's efforts to boost the industry, such as rolling back environmental regulations and boosting offshore drilling, the financial landscape for drilling has become less favorable. The article cites data showing that the industry's profits have declined, with several major oil companies reporting weak earnings or even losses. Analysts attribute this to a global oversupply of oil, as well as a shift towards renewable energy and increased efficiency measures. The article also notes that the industry is hesitant to invest in new drilling projects, as the returns on such investments have become less attractive. This, in turn, has led to a slowdown in drilling activity and a decline in employment in the sector. Overall, the article suggests that the Trump administration's efforts to support the oil industry have not had the desired effect, and that the industry itself is not seeing the financial benefits that were expected from these policies.