Trump’s Black Gold Rush Boosts Big Oil, But Wall Street Isn’t Pumped

Gushers of hope are bubbling up across oil country, but don’t light your cigars just yet. While Trump’s latest deregulatory blitz has energy execs cheering “drill, baby, drill,” Wall Street remains unimpressed. Crude’s slide to three-year lows means, even with wide-open drilling, black gold stocks are still stuck in the blues.

• The Trump administration handed Big Oil a silver platter of regulatory rollbacks — unlocking new federal lands and waters for drilling, approving LNG exports, and adding an Oval Office hotline.
• The “One Big, Beautiful Bill” gifted the sector billions in tax savings — ending EV subsidies, scaling back renewable energy support, and helping oil giants shore up profits.

Gettin’ slick: While Trump’s giveaways may look like a windfall, the oil patch is still fighting some gnarly headwinds. Crude recently dropped from $76 to $62 a barrel — forcing companies to slash jobs, accelerate buybacks, and watch shares take double-digit tumbles. Tariffs on steel and aluminum are making drilling even pricier, dragging profits lower across the board. For bulls, this might be the cleanout needed to leave only the strongest drilling — but either way, this oil saga is bound to be slick, tense, and high-octane.