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Trump’s Thirst for Cheap Oil Irks an Industry He Loves to Praise

Markets

Kevin Crowley, David Wethe

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May 11, 2025

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Bloomberg

Terrel Hardin was at a diner along Route 66 in western Oklahoma when his phone rang with bad news: The engine on one of his oil rigs had broken. In times past it would be a straightforward $6,000 fix, but President Donald Trump’s trade war has upended supply chains, and he wasn’t sure the part would even be available.

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