January 22, 2025 – CNBC
RBN Energy exec: Trump’s oil and gas push won’t necessarily bring more drilling
By Julie Coleman
RBN Energy Executive Chairman Rusty Braziel told CNBC’s Jim Cramer that President Donald Trump’s efforts to boost U.S. oil and gas production don’t necessarily guarantee that companies will start drilling.
“The orders issued on Monday remove obstacles to ‘drill, baby, drill,’” Braziel explained. “But to make that decision, I have to prioritize what’s best for my shareholders.”
Trump has introduced an extensive energy plan, reversing former President Joe Biden’s climate policies and restrictions on fossil fuel production. He also declared a national energy emergency, directing agencies to use emergency powers to support domestic energy production, transportation, and infrastructure projects.
Read the full article here: Why Trump's call to 'drill, baby, drill' may not be answered
Braziel noted that increased oil production typically leads to lower prices, which reduces dividends for major producers, creating uncertainty. He also pointed out that the energy industry tends to act in unison, with companies following similar strategies.
Additionally, Braziel emphasized the limitations of Trump’s authority, as legal challenges could hinder the president’s initiatives. “Trump can’t eliminate the courts,” he said. “In my opinion, the courts are the main obstacle.”
