Oil executives pessimistic as drilling activity dips for end of year

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President Donald Trump’s push to “drill, baby, drill” is inching further out of reach, as many oil and gas executives are reporting lower drilling and exploration activities for the end of the year. 

A quarterly survey released by the Federal Reserve Bank of Dallas on Wednesday revealed executives are still pessimistic about market conditions stemming from regulatory changes and trade uncertainty from the Trump administration earlier in the year.

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