Kai Risdahl

10 years ago, 15 years ago, they were more prone to chase higher prices with more activity.

10 years ago, 15 years ago, they were more prone to chase higher prices with more activity.

And we have a large graveyard of bankruptcies that are the result of that.

And we have a large graveyard of bankruptcies that are the result of that.

Golding says some small producers are considering boosting rig count, but the biggest producers, with the most ability to impact oil prices, aren't quite as nimble and are going to take a little more time.

Golding says some small producers are considering boosting rig count, but the biggest producers, with the most ability to impact oil prices, aren't quite as nimble and are going to take a little more time.

Even if producers do choose to increase drilling, Golding says it would be just a few hundred thousand barrels a day extra.

Even if producers do choose to increase drilling, Golding says it would be just a few hundred thousand barrels a day extra.

When this is a five million barrel a day disruption at a minimum,

When this is a five million barrel a day disruption at a minimum,

and likely much more.

and likely much more.

So Golding says the solution to high oil prices probably isn't coming from the Permian.

So Golding says the solution to high oil prices probably isn't coming from the Permian.

I'm Daniel Ackerman for Marketplace.

I'm Daniel Ackerman for Marketplace.

Until a month and five days ago, tariffs had, as you know, been the story of this economy.

Until a month and five days ago, tariffs had, as you know, been the story of this economy.

So as we sit here a year to the day after President Trump rolled out his plan to tax imports from the entire planet, a little introspection seems to be in order.

So as we sit here a year to the day after President Trump rolled out his plan to tax imports from the entire planet, a little introspection seems to be in order.