Some oil patch execs say "drill baby drill" isn't happening

[patphil]

4. A lot of what Trump says is just grandstanding for his base. Drill, baby, drill is no exception.

Although we both import and export oil, we are a net oil exporter. If we produce more, we'll only drive the price of crude down, which will result in a net loss of profit.
In other words, there isn't going to be a big rise in drilling until the current glut of oil is over.
That's the reason Trump wants to slow the progress of electric vehicles. But, that not going to happen. Inertia is already moving the markets in that direction, and will continue to do so.