If the pipes to drill oil have doubled in Cost and the price for Oil has fallen 17% it is not cost effective to drill for oil anymore here in the U.S.

this is all caused of course by Trump's Tariffs so this then affects all oil drilling worldwide likely Or maybe only in the U.S. which has applied the tariffs? So, it might still be cost effective to drill in countries with no tariffs? This appears to be the case. So, other countries will drill but not in the U.S. Because of Trump's Tariffs. However, under Trump this also likely will protect National Parks and National Forests from being drilled under Trump too.

begin partial quote from: https://www.nbcnews.com/politics/trump-administration/trumps-tariff-moves-are-undercutting-drill-baby-drill-oil-push-rcna200402

 Now, the cost of the pipes he will need for the project has doubled following Trump’s tariff on steel imports, while the price for his oil has fallen around 17% this year amid fears that the levies will slow economic growth — and with it demand for oil. Between the higher costs and lower prices, it doesn’t make financial sense for him to drill for more oil, he said