The Oil Business is Hurting But Still in Love With Trump
December 16, 2025

E&E NEWS
Severin Borenstein, Energy Institute Faculty Director, discusses how, despite complaints from oil companies about tariffs and Trump-era policies, these factors haven’t significantly hurt the industry’s operations or increased costs in E&E NEWS.
“When it comes to oil and gas, ‘the market has more than recovered,’ said Severin Borenstein, director of the Energy Institute at the University of California, Berkeley.’There has not been much handwringing that it’s holding firms back, driving up costs.'”
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