Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about Trump, oil industry layoffs, and finding out.

I get ready for a lot of discussion about oil prices, layoffs, and so on this week.

Let's start with the good news. Gas prices are probably coming down. Bad news? Pretty much

everything else related to the industry unless Trump drastically alters course. Between OPEC upping

production, Trump's tariffs raising production costs, and Trump's erratic economic policies, spiking

recession fears, and causing market

uncertainty, oil prices have dropped like a rock. Dropping oil prices will mean, at least in the short

term, a gas price reduction. It also means lower investment in oil production, So no drill baby drill or refine baby refine.

A decrease in domestic production.

And you already have industry leaders talking about layoffs.

If there is a decrease in domestic production, there will be decreases in related industries as well.

So, oil prices have fallen, which means oil producers make less. Meanwhile, the cost for steel, which is needed for drilling, has gone up

because of Trump's tariffs. It costs more to sell for less.

Goldman Sachs is predicting oil prices in the $50 per barrel range.

That's kind of a moderate estimate.

If the U.S. enters recession, that number drops to below $40 per barrel.

Okay, but since those in the industry are talking about it publicly, let's just get the information straight from them. Andy Lippo, president of Lippo Oil Associates, said,

quote, President Trump's tariff policies are really negatively impacting his goal of drill

baby drill.

From the producer's standpoint,

they're now seeing substantially lower crude oil and natural gas prices,

...