'It just kneecaps ya': Oil execs say Trump's plan will 'backfire' as it derails drilling

Despite Donald Trump's exhortation to "drill baby drill," oil industry executives are throwing up their hands at the president giving them free rein to forge ahead while at the same time making it unprofitable to do so.

The problem? Tariffs that have made buying needed equipment too expensive, as well as the threat of a looming recession, which would decrease demand.

According to a report from NPR, in the energy-rich Permian Basin, the remaining drilling companies were optimistic about Trump's re-election...