Trump’s Permian Basin gamble faces its biggest test

Oil executives spill the beans on what happens to prices in 2026

Biden nearly destroyed America’s energy independence.

Trump rescued it in record time.

And oil executives just revealed one stunning prediction about 2026 that changes everything.The heart of American oil country just delivered news nobody in Washington, D.C. saw coming.

Chevron CEO Mike Wirth sat down with FOX Business’ Maria Bartiromo in the middle of the Permian Basin and dropped a truth bomb about where oil prices are headed. “We’re prepared for prices in ’26 to be lower than they were in ’25,” Wirth told Bartiromo without hesitation.

This isn’t some Wall Street analyst making predictions from a Manhattan office tower. Wirth runs operations in the Permian Basin, which now pumps 40% of America’s oil and will hit 70% by 2040. He sees 2026 as the “low point” before the market stabilizes and prices climb back.

Diamondback Energy CEO Kaes Van’t Hof backed him up with even more direct language. “Economics drive capital allocation decisions. Today, oil’s at $57 a barrel. I don’t think we’re necessarily high-fiving with that oil price,” Van’t Hof explained. Translation: $57 oil hurts.

The executives are betting everything that American energy can survive a brutal price war in 2026.

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*The Permian Basin is a vast sedimentary basin in West Texas and southeastern New Mexico, renowned as the largest oil and gas-producing region in the United States. Its geological structure contains extensive deposits of shale rock, and advancements in hydraulic fracturing and horizontal drilling have unlocked enormous reserves, making it a global oil and gas powerhouse.

Biden hell bent on destroying our fossil fuel industry

Biden EPA Announces ‘Flyovers’ of Key US Oil- and Gas-Producing Region

The U.S. Environmental Protection Agency (EPA) said it will conduct “flyovers” of the Permian Basin region in Texas and New Mexico to “survey oil and gas operations to identify large emitters of methane” amid the Biden administration’s climate policy initiative.

“The flyovers are vital to identifying which facilities are responsible for the bulk of these emissions and therefore where reductions are most urgently needed,” said Earthea Nance, an EPA official, in an Aug. 1 news release. The flyovers, which will use infrared cameras, will be conducted until Aug. 15, the agency said.

With the announcement, it means the administration will continue to target the oil and gas industry. The Permian Basin accounts for 43 percent of the nation’s oil supply.

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The most senseless abuse of power in the history of the U.S. presidency

Biden Moving to Close Largest Oil Field In US, Accounting for 40% of All Domestic Production

"Gas prices in the United States have skyrocketed to an all-time high. The pain Americans are feeling at the pump has nothing to do with what Joe Biden’s White House puppets say. Painful price increases for all types of fuel began long before Vladimir Putin invaded Ukraine.

It is not the “Putin Price Hike.” That’s just one of many “Joe Biden B.S. slogans.” The reason Americans are being financially devastated by high gas prices is because of Biden’s radically progressive policies."

And now this treasonous president announced his intention to close the West Texas Permian Basin. The West Texas Permian Basin accounts for roughly 95,000,000 gallons of gasoline per day.

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Read about the Permian Basin also called West Texas Basin, large sedimentary basin in western Texas and southeastern New Mexico, U.S., noted for its rich petroleum, natural gas, and potassium deposits. Owing to its economic importance, it is one of the most well-studied geologic regions of the world. Deposits of the Permian Basin are featured in Guadalupe Mountains National Park.