U.S. oil producers aren't coming to the rescue despite high prices as mistrust and chaos hit outlook. The 'market is being manipulated'

(Credit: Justin Hamel/Bloomberg via Getty Images)

Companies in the heart of the U.S. oil patch don’t plan on opening up the taps anytime soon—even as the recent spike in crude prices offers a windfall opportunity—due to all the uncertainty weighing on the longer-term outlook.

In a survey of oil and gas executives conducted by the Dallas Fed, which covers the prolific Permian Basin, they signaled that supply will not change much.