‘Drill, Baby, Drill’ Or $50 Oil — Trump Can’t Have Both

From the Daily Caller News Foundation

President Donald Trump has often made clear his goal of cutting prices for energy as part of his overall agenda to break the back of chronic inflation left behind by the Biden presidency. When talking about this goal, the president has placed special emphasis on lowering the price of crude oil, given its integral relationship to gas prices at the pump and transportation-related costs which go into the price of food, clothing and other consumer goods.

“A very big thing that I’m very happy with is oil is down,” Trump said in remarks in the Oval Office on Wednesday. “We’re getting that down. When energy comes down, prices are going to be coming down with it. So, in a very short period of time, we’ve done a very good job.”

White House advisor Peter Navarro has been quoted by The New York Times and other media outlets as saying that an average oil price of $50 per barrel would help tame inflation and set the stage for a return to a healthier economy. If that is indeed the goal, this week’s confluence of events, featuring a bigger-than-expected increase in oil production quotas from the OPEC+ oil cartel preceded less than 24 hours earlier by the president’s announced reciprocal tariffs on a wide array of countries went a long way to doing the trick.

Just prior to Trump’s tariff announcement Wednesday afternoon, the price for West Texas Intermediate crude stood at $70/bbl. Less than 48 hours later, the price had fallen below $61, a drop of about 15%. It was the largest 2-day decline in crude prices since 2021. How much of the price decrease is due to the tariffs as opposed to the OPEC+ agreement to pour another 137,000 barrels per day onto the international market is hard to know, but there is no doubt both actions had an impact.

As I’ve noted previously, this action to force lower prices for oil and natural gas lies directly at odds with the concurrent Trump “drill, baby, drill” objective which he sees as a key part of his American Energy Dominance agenda. The White House gave a nod to the oil refining segment in the Wednesday tariff announcement by exempting energy imports, another action at least in part aimed at lowering prices for gasoline and diesel fuel.

But that nod to the downstream segment does little for upstream companies who have seen supply chain muck-ups and Biden-era inflation raise break-even prices above Friday’s levels. The Q1 2025 Energy Survey Report published March 26 by the Dallas Federal Reserve estimates that drillers in the Permian Basin require a $61 oil price just to break even on drilling new shale wells. The needed breakeven price rises higher in other, less prolific basins. CNN quoted independent oil analyst Andy Lipow as saying that many upstream companies require prices closer to Monday’s $71/bbl level for new shale wells. It almost goes without saying that operators will have little incentive to “drill, baby, drill” if they stand to lose money doing it.

In an interview with Fox Business host Stu Varney on Tuesday, Energy Secretary Chris Wright, himself a former oil industry executive, said, “If your state has expensive energy, it’s because of choices made by politicians in those states to virtue signal somehow they’re on some global mission. They’re going to solve climate change by making your utility bills more expensive and your businesses want to relocate out of the states. That’s just nonsense.” He added that Trump was pursuing energy policies based on common sense, saying, “common sense will deliver more investment in our country and lower energy prices.”

No doubt, few executives in the industry would agree that a pursuit of $50 oil prices has anything to do with common sense for their companies. If prices should drop that far and linger there for any length of time, layoffs and idled drilling rigs will become the prevailing topic of the day in oil and gas.

So, while the White House might continue touting its “drill, baby, drill” slogan for the time being, we won’t hear it echoing through the barbecue and Tex-Mex joints in Midland, Texas, for the time being.

David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.

Related Topics:#DailyCaller #DavidBlackmon $50Oil DrillBabyDrill TrumpEnergyPolicy TrumpOilPrices TrumpTariffs USEconomy

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Down the Charlie Kirk Murder Rabbit Hole

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Transgender Roomate of Alleged Charlie Kirk Assassin Cooperating with Investigation

Crime

Transgender Roomate of Alleged Charlie Kirk Assassin Cooperating with Investigation

Published on September 14, 2025

Todayville

From the Daily Caller News Foundation

By Harold Hutchison

The man accused of assassinating Turning Point USA (TPUSA) founder Charlie Kirk reportedly lives with a transgender-identifying “partner,” according to Fox News reporter Brooke Singman.

Authorities have arrested Tyler Robinson, 22, accusing him of gunning down Kirk during a TPUSA “Prove Me Wrong” event at Utah Valley University on Wednesday, during which the late activist was debating attendees on a variety of topics, including transgenderism. Authorities say that communications between Robinson and the biological male who identified as a transgender female confirm Robinson as the person responsible for the assassination of Kirk, Singman posted on X Saturday.

Kirk had engaged in a debate about transgender mass shooters with Hudson Kozak shortly before being assassinated. The subject became a hot-button issue following the Aug. 27 shooting during an all-school mass held at Annunciation Catholic School in Minneapolis that left two children dead.

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Robinson’s reported partner, previously described as a “roommate” during the Friday press conference announcing his arrest, is cooperating with authorities, the New York Post reported.

Authorities had recovered a rifle containing ammunition that was reportedly marked with left-wing messaging, from a wooded area near the site of Kirk’s fatal shooting. The phrases included “Hey fascist! Catch!” and “If you read this you are gay LMAO,” according to Republican Utah Gov. Spencer Cox.

Kirk founded TPUSA, an organization for conservative college and high school students, in June 2012, according to the group’s website. He also hosted “The Charlie Kirk Show,” a podcast that later became a radio show on the Salem Radio Network, according to his biography on TPUSA’s site.

Daily Caller

‘You Have No Idea What You Have Unleashed’: Erika Kirk Addresses Supporters For First Time Since Kirk’s Assassination

Published on September 13, 2025

Todayville

From the Daily Caller News Foundation

By Hailey Gomez

Erika Kirk, the widow of Turning Point USA founder Charlie Kirk, addressed supporters Friday evening for the first time since her husband’s assassination, saying that her late husband’s movement will “never surrender.”

Kirk, 31, was shot and killed Wednesday while debating students at Utah Valley University in Orem, Utah. Speaking for the first time since the fatal attack, Erika Kirk thanked those who have supported her and her late husband, including both President Donald Trump and Vice President JD Vance, as well as other officials.

“I honestly have no idea what any of this means. I know that God does, but I don’t. But Charlie, baby, I know you do too. So does our Lord. And our world is filled with evil, but our God, you guys, our God is so good, so incredibly good. And we know that for those who love God, all things work together for good, for those who are called according to his purpose,” Erika said. “Already, I have seen the worldwide outpouring of love for my husband. I’ve heard the testimonies from people my husband inspired to get married, to start families, to seek out a relationship with God. It’s the most important, most important one of all.”

“The evildoers responsible for my husband’s assassination have no idea what they have done. They killed Charlie because he preached a message of patriotism, faith, and of God’s merciful love. They should all know this,” Erika added. “If you thought that my husband’s mission was powerful before, you have no idea. You have no idea what you just have unleashed across this entire country and this world. You have no idea. You have no idea the fire that you have ignited within this wife. The cries of this widow will echo around the world like a battle cry.”

Kirk, who regularly spoke at college campuses to debate students on their political beliefs, made his latest stop in Utah, with videos online showing the campus packed with attendees. About 20 minutes into speaking with students, a shot rang out through the crowd, hitting Kirk.

WATCH:

Security rushed the TPUSA founder to the hospital, where he was initially reported to be in stable condition but ultimately succumbed to his injuries.

After a nearly two-day manhunt, authorities announced Friday that Kirk’s suspected killer 22-year-old Tyler Robinson was officially arrested after a family friend reported Robinson to authorities Thursday evening.

Officials said bullet casings from the rifle that was used contained a series of phrases such as “Hey fascist! Catch!” and “If you read this you are gay LMAO.” A third bullet casing also had the engraving of ““bella ciao,” which matches an Italian song name that became a left-wing anthem during World War II.

Erika Kirk went on to say that she refuses to let the movement of TPUSA “die,” adding she will make sure it becomes “stronger, bolder, louder, and greater than ever.”

“And I love knowing that one of his, one of his mottos was never surrender. So I want to tell you that, that we’ll never surrender. We never will. Ever. Our campus tour this fall will continue. There will be even more tours in the years to come. America Fest here in Phoenix this December will go on. It will be greater than ever. The radio and podcast show that he was so proud of will go on,” Erika said. “And in a world filled with chaos, doubt, and uncertainty, my husband’s voice will remain. And it will ring out louder and more clearly than ever. And his wisdom will endure.”

“My favorite, my favorite too, but my husband’s favorite word in the English language was earn. He would call all of you to be people of action who earn the future America deserves. So to all of the young people who felt inspired by my husband’s faith and hard work, all of you already know what Charlie would want you to do,” Erika said.

Kirk’s wife told supporters to continue their on-campus involvement, attend the upcoming TPUSA events, and “most important of all,” get involved in a “Bible believing church.”

“Our battle is not simply a political one. Above all, it is spiritual. It is spiritual. The spiritual warfare is palpable,” Erika added.

WATCH:

Before ending, Erika Kirk recalled how her daughter asked where Kirk had been, telling her that he’s now “on a work trip with Jesus so he can afford your blueberry budget.” She then thanked supporters once again, adding, “God bless you all, and God bless America.”

Since Kirk’s death, supporters, political figures and friends have spoken out, while some Democrats have openly cheered the loss of the TPUSA founder. Vance shared on X late Wednesday how Kirk had impacted life, recalling their friendship beginning in 2017.

Trump also expressed grief, writing on Truth Social that no one “understood or had the Heart of the Youth in the United States of America better than Charlie.” By Thursday, Trump announced he would award Kirk the Presidential Medal of Freedom posthumously.

“Charlie was a giant of his generation, a champion of liberty and an inspiration to millions and millions of people. Our prayers are with his wonderful wife Erika and his beautiful children. Fantastic people they are,” Trump said. “We miss him greatly. I have no doubt that Charlie’s voice and the courage he put into the hearts of countless people, especially young people, will live on.”