The U.S.-China trade tensions—which continue to escalate despite last week’s talks—risk backfiring on the American oil and gas sector, slowing down investments in long-term projects, a Texas energy group says in yet another warning that escalation of the trade war would ultimately hurt the U.S. energy industry and related services and goods. The Texas Independent Producers & Royalty Owners Association (TIPRO)—a trade association representing the interests of nearly 3,000 independent oil and natural gas producers and royalty owners throughout Texas—issued last week a new warning about the potential fallout of additional tariffs, if the tit-for-tat continues and China were to slap tariffs on imports of U.S. liquefied natural gas (LNG), although crude oil appears safe from tariffs for now. China slapped tariffs last week on imports of U.S. oil products and coal. While U.S. oil and gas production rises and continues to rise, with the Permian in West Texas […]