Andrew Burton/Getty Images President Donald Trump granted several countries temporary exemptions from steel tariffs. If Trump imposes those tariffs, it will burden Texas oil and gas producers through higher production costs. The Texas Alliance of Energy Producers released a statement last week opposing the tariffs. The imposition of steel import tariffs and quotas will directly burden Texas oil and gas producers with higher costs for oilfield steel goods, which could result in job losses, reduced activity, and smaller companies struggling to absorb additional costs, the Texas Alliance of Energy Producers (TAEP) said in comments on the U.S.
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Wed, 05/23/2018 - 3:45pm
Topics: andrew burton/getty images president donald trump if trump the texas alliance energy producers taep said u.s ldquo;clearly oil country tubular goods octg lp john tintera taep business insidernow watch north south korean us shale wall street president the texas alliance energy producers taep octg steel tariffs gas costs products burden ndash higher production smaller
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