Why U.S. Drillers Can’t Solve the World’s Oil Supply Crisis

Since he came into office in January 2025, United States President Trump has been pushing oil companies to “Drill, baby, drill!” However, despite being given free rein to increase oil production, several oil and gas companies have been cautious of increasing output too much due to volatile energy prices and the huge expense of conducting new exploration and drilling operations. Therefore, countries facing shortages, due to the ongoing geopolitical crisis between the U.S. and Israel with Iran and other Middle Eastern powers, cannot simply…