"Trump Wants More Drilling, But The Oil Market Is Already Saturated"
Trump has repeatedly said eliminating barriers to drilling will unlock vast untapped reserves of “liquid gold” and ignite a new era of national prosperity. But most of the drilling leases already granted to companies in the oil-rich Gulf are idle and unused, and they’ll stay that way until the United States’ record-breaking production rates wane and the high costs of drilling offshore drop precipitously.