Trump Tariffs Hit Oil Companies despite Administration‘s Support for Fossil Fuels

image via New Scientist

April 18, 2025, 4:45 PM

• •Liberty Energy, founded by Energy Secretary Chris Wright, reported falling profits Thursday.
• •The company cited tariffs as a driver of the decline.
• •Wright promised to unleash a 'golden age' for energy development when he took over DOE.

America's 'Golden Era' of Oil Is Already Losing Its Glitter. Liberty Energy, founded by Secretary of Energy Chris Wright, reports falling profits, and the industry cites tariffs as a driver.

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