The Dallas Fed's latest energy survey revealed deep skepticism among executives toward President Donald Trump's tariffs and oil-production agenda. In anonymous comments, respondents decried the uncertainty and higher costs of tariffs while predicting that trying to lower crude prices to $50 a barrel would reduce production instead of expand it.

Oil executives are warning that President Donald Trump’s tariffs and his “drill, baby, drill” message have created uncertainty in energy markets that is already affecting investment.

Last week, President Donald Trump met with more than a dozen energy executives – his first meeting with oil and gas bigwigs since returning to office in January.