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Tariffs could reduce oil, gas demand, lower prices
News
Texas Tomorrow Dr. Ray Perryman on April 16, 2025
Tariffs could reduce oil, gas demand, lower prices

The oil and gas industry has been hit quickly and hard by the recent tariff brouhaha, with prices dropping significantly compared to recent levels. I’ve been asked several times whether the situation is likely to lead to a sustained “bust” in the industry. There is obviously much uncertainty, but here are a few initial thoughts.

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