由于全球原油供应量与需求量持平或接近持平，一些石油生产商担心市场将出现供应过剩，尤其是关税和股市疲软可能导致需求下降，而特朗普政府的“钻探-婴儿钻探”方式将推高供应量。

总而言之，这种组合使得生产商对盈亏平衡以及何时扩大钻探计划保持敏锐。

一方面，特朗普政府的“钻吧，宝贝，钻吧”政策对生产商和最终用户来说都听起来很棒。另一方面，账单还是要付的，投资者也在寻求正回报率。

With crude oil global supply at or near par to demand, some oil producers fear that the market will become oversupplied, especially as tariffs and a weaker stock market could push demand lower, while the Trump administration’s “drill-baby-drill” approach would push supply higher.

Altogether, this combination is keeping producers’ pencils sharpened as to breakevens and when to expand drilling programs.

On one hand, the Trump administration’s “drill, baby, drill” sounds great to both producers and end-users. On the other hand, bills have to be paid and investors are looking for positive rates of return.