Shale Journal is proud to share that our Editor-in-Chief, Robert Rapier, was just lately featured on CBS Information in a section analyzing the sudden decline in energetic oil and gasoline rigs because the begin of the Trump administration.
Watch the total CBS interview right here: Energetic oil and gasoline rigs down since Trump took workplace – CBS Information
What the CBS Phase Revealed
Within the interview, Robert joined CBS’s The Takeout to debate why rig counts have dropped regardless of a pro-energy stance from the administration. Drawing on knowledge from Baker Hughes and broader market tendencies, the section highlighted:
• A gradual decline in energetic rigs since January 2017, opposite to expectations of a drilling surge.
• Investor warning and capital self-discipline as key drivers behind slower progress.
• The disconnect between political messaging and market realities, particularly within the upstream sector.
Robert’s commentary offered readability on how power corporations are navigating a posh panorama formed by international demand, worth volatility, and evolving regulatory indicators.
Context Behind the Numbers
The CBS section underscored a broader shift within the power business: whereas coverage can affect sentiment, it’s in the end market fundamentals that drive operational selections. Rig counts, as soon as a dependable indicator of exercise, now mirror a extra cautious and efficiency-driven method by producers.
Robert famous that whereas the administration has rolled again rules and promoted home power, corporations are responding extra to shareholder expectations than political incentives.
Wanting Forward
The interview raises necessary questions on the way forward for U.S. power manufacturing, particularly as international markets regulate to geopolitical tensions, local weather coverage, and technological innovation.
Because the power sector continues to evolve, voices like Robert Rapier’s assist bridge the hole between knowledge and decision-making—providing perception into the forces shaping at the moment’s power financial system.
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