Tariffs May Make It Too Expensive to ‘Drill, Baby, Drill’

President Trump’s tariffs are posing a major barrier to his plans to expand U.S. oil production — or, in his words, “drill, baby, drill.”Since the tariffs were announced last week, oil prices have fallen to hover around $60 per barrel, a nearly four-year low, Rebecca Elliott reported. At this price, fossil fuel companies will most likely re-examine their plans.“That is really a psychological and financial…