And that only includes the wellheads and related equipment corner of the market in which Canary specializes. It does not take into account the major service providers like Schlumberger, Halliburton, and Baker Hughes. When you include the entire domestic oil field services industry, the likely annual cost of these tariffs is in the billions of dollars. It is also important to realize that the oil field services industry includes countless small- and medium-sized businesses, from independent drillers to mom-and-pop vendors and suppliers. These entrepreneurs cannot afford the additional burden of tariffs right now.
And that only includes the wellheads and related equipment corner of the market in which Canary specializes. It does not take into account the major service providers like Schlumberger, Halliburton, and Baker Hughes. When you include the entire domestic oil field services industry, the likely annual cost of these tariffs is in the billions of…
