Collin Eaton
Appearances
WSJ What’s News
Boeing Wins Contract For Next-Generation Jet Fighter
President Trump has certainly signaled that he wants his administration to be all good for the oil and gas industry. But it does seem like there's going to be tension along the way.
WSJ What’s News
Boeing Wins Contract For Next-Generation Jet Fighter
The oil and gas industry really does love the rollback regulations and they say they're going to pump more oil. But The concerns now are everything else in terms of trade policy, the tariffs on energy, on steel. They're also concerned about the job cuts related to agencies that permit their projects.
WSJ What’s News
Boeing Wins Contract For Next-Generation Jet Fighter
So they're all about permit reform, but they see a need for people to be in the seats to issue permits. The big concern has been the administration's opinion apparent desire for lower oil prices. Those prices are unworkable for the shale industry as we know it today. That's a big concern. And it's been one that they haven't really talked with Trump directly about yet.
WSJ What’s News
Boeing Wins Contract For Next-Generation Jet Fighter
Overall, the big concern for them is the uncertainty that comes with all this. There aren't a lot of oil and gas companies that make an investment and have a payout in just four years. A lot of these are big, long-term investments, and they'll need certainty for a long time.
WSJ What’s News
Boeing Wins Contract For Next-Generation Jet Fighter
So rather than a flurry of executive orders, they prefer the Trump administration try to push these things through the legislative route, through Congress, and submit some of this stuff in law. So it's a lot for them to think about right now.