Kai Risdahl

Wall Street today.

Wall Street today.

Honestly, I don't know what to tell you.

Honestly, I don't know what to tell you.

The major indices opened deep in the red after the president's speech last night and then finished within either side of spitting distance of even.

The major indices opened deep in the red after the president's speech last night and then finished within either side of spitting distance of even.

We will have the details when we do the numbers.

We will have the details when we do the numbers.

Oil traders do seem to have a more firm grip on the risk environment now than stock traders do.

Oil traders do seem to have a more firm grip on the risk environment now than stock traders do.

Crude prices, that is both benchmarks, solidly back over $100 a barrel today.

Crude prices, that is both benchmarks, solidly back over $100 a barrel today.

And yet, producers in the Permian Basin, the pumping heart, if you will, of the American oil sector,

And yet, producers in the Permian Basin, the pumping heart, if you will, of the American oil sector,

They seem disinterested.

They seem disinterested.

According to a survey by the Federal Reserve Bank of Dallas that was fielded in mid-March, just 21 percent of oil executives in Texas and surrounding states say they are planning to significantly increase the number of wells they're going to drill this year.

According to a survey by the Federal Reserve Bank of Dallas that was fielded in mid-March, just 21 percent of oil executives in Texas and surrounding states say they are planning to significantly increase the number of wells they're going to drill this year.

Half of them say they're not planning to drill more at all.

Half of them say they're not planning to drill more at all.