Gusek at one of the company’s fracking sites in Weld County, in north-eastern Colorado. — Rachel Woolf/The New York Times
US President Donald Trump’s promise during last year’s election to make it far easier to drill for oil and gas thrilled energy executives who believed his policies would lower their costs and help them make a lot more money.
Those hopes are now fading. Thanks to Trump’s tariffs, the oil and gas industry is contending with rising prices for essential materials like steel pipes used to line new wells.
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