Trump's promise to increase production has become a slogan? Dallas Fed: Tariffs impact industry profits, U.S. shale oil drilling will slow down.

According to the Zhuatong Finance and Economics APP, a survey conducted by the Dallas Federal Reserve revealed that US shale oil companies expect the drilling activity for this year to be significantly lower than initially planned due to the drop in oil prices and the uncertainty surrounding President Trump's tariff policies affecting their profits. The results of the second quarter survey released on Wednesday showed that nearly half of oil company executives expect the drilling activity in 2025 to be lower than initially planned.