Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
All right, we have sanctions now on Russian oil. Interesting timing.
Phil Flynn joins US oil industry expert. Then Phil, welcome
back to the show here. I don't know if you're
suspicious about the timing on these sanctions, are not? Are
you a little suspicious?
Speaker 2 (00:16):
Me suspicious about the timing? No? Are you akin to be?
I mean, but it's absolutely amazing to me. You know,
we had years of course with this Russian invasion of Ukraine,
you know, and the Biden administration has done everything to
try to manipulate the oil market to the down side,
(00:37):
you know, tapping the strategic patroleum reserve, you know, you know,
turning a blind eye to sanctions on Venezuela and Iran
to make up for any loss of Russian supplies. And
the thing is is that Russian oil revenue is better
than it's ever been. You know, they made over fifteen
point one billion dollars last month and oil revenues, So
(01:01):
whatever they've done isn't working. So it's kind of like
closing the barn door on your way out of the
White House, right the animals are gone. But I think
he just wants to create more problems for Donald Trump.
But he gets into office.
Speaker 1 (01:15):
No doubt. Well, and we are seeing granted it's not
much of a spike, but we have seen i want
to say, somewhere in the neighborhood of ten cent a
gallon increases here in the greater Houston area, as far
as a gas lean here over the course of last
week or two.
Speaker 2 (01:28):
Yeah, and you're going to see it around the country.
Oil prices are the highest prices they've been since eighty
you know, since August excuse me. And it looks like
overseas prices are over eighty dollars a barrel, and that
could happen here in the US real quickly. And the
thing is is that we've had this narrative you know
(01:49):
about energy, like, oh my gosh, we're all going to
be driving electric cars and demand for oil is going
to go away. We're going to have an oil glock.
But I'm looking at the latest, know, I'm like, where's
the glot? Right? We were supposed to see oil demand,
you know, peak out, you know, months ago or years ago.
Now we're seeing oil demand at a record high. We're
(02:10):
seeing supplies below average around the globe, and you know,
the country's getting hit with a major cold blast right,
and are to blast. Even down in Texas, you're going
to be feeling it and in different parts, and in
this cold. The course is going to mean more energy demand.
It's going to challenge our infrastructure, infrastructure that hasn't been
(02:31):
invested in correctly, mainly because of the Biden administrations anti
fossil fuel policies.
Speaker 1 (02:38):
Yeah, I'm imagining folks in the Northeast. I can only
imagine what home heating oil is going to be going
for here pretty soon.
Speaker 2 (02:44):
Yeah, they've been filling up their tank. I spoke to
a few of the dealers and the prices have been
going up sharply. And really, you know, one of the
things President Biden has had going for him the last
couple of years is that we haven't had a real
hold winter, not like the ones you and I remember
growing up. You know, when we walked, you know, to
(03:04):
school uphill both ways and then you know the wind
show factor is forty below zero. But now we're getting that,
and we're really going to challenge the narrative that we have.
You know this this you know, comfortable amount of supply.
I think we're going to see supplies tighten and you know,
God forbid you know that this cold is as bad
as some people are predicting. You know, we could see
(03:25):
power outages and shortages, you know, developed very quickly.
Speaker 1 (03:29):
Obviously, President Trump is going to is drill baby drilled
when President Trump takes office. So how quickly can the
oil industry gear up for what Trump wants to do?
Speaker 2 (03:37):
You know, I think it's going to take some time.
There's certain things that are going to happen right away,
but it you know, it takes time to build pipelines, right,
You're not going to get that done overnight, but it's
going to happen a lot faster than it would have,
you know it had President Piden got back in office
on day one. You know, we're already hearing reports of
(03:58):
a record amount of executive orders. Most of them are
reversing the executive orders that President and Biden put into
place when it came to you know, killing the Keystone
pipeline or federal drilling regulations. But there's been a lot
of damage done. Right, We have seen under investment in
the US oil and gas industry, mainly because it's been demonized,
(04:21):
and that's going to create problems for the future. So
President Trump has a lot of work to do to
keep those prices low in his first term in office.
Speaker 1 (04:29):
Nie, sir, have a great day. Thanks for joining us.
Speaker 2 (04:31):
We're here in office.
Speaker 1 (04:32):
Thank you, Bill Flynn Industry oil industry Experts five fifty
seven Here in Houston's morning news.
All right, we have sanctions now on Russian oil. Interesting timing.
Phil Flynn joins US oil industry expert. Then Phil, welcome
back to the show here. I don't know if you're
suspicious about the timing on these sanctions, are not? Are
you a little suspicious?
Speaker 2 (00:16):
Me suspicious about the timing? No? Are you akin to be?
I mean, but it's absolutely amazing to me. You know,
we had years of course with this Russian invasion of Ukraine,
you know, and the Biden administration has done everything to
try to manipulate the oil market to the down side,
(00:37):
you know, tapping the strategic patroleum reserve, you know, you know,
turning a blind eye to sanctions on Venezuela and Iran
to make up for any loss of Russian supplies. And
the thing is is that Russian oil revenue is better
than it's ever been. You know, they made over fifteen
point one billion dollars last month and oil revenues, So
(01:01):
whatever they've done isn't working. So it's kind of like
closing the barn door on your way out of the
White House, right the animals are gone. But I think
he just wants to create more problems for Donald Trump.
But he gets into office.
Speaker 1 (01:15):
No doubt. Well, and we are seeing granted it's not
much of a spike, but we have seen i want
to say, somewhere in the neighborhood of ten cent a
gallon increases here in the greater Houston area, as far
as a gas lean here over the course of last
week or two.
Speaker 2 (01:28):
Yeah, and you're going to see it around the country.
Oil prices are the highest prices they've been since eighty
you know, since August excuse me. And it looks like
overseas prices are over eighty dollars a barrel, and that
could happen here in the US real quickly. And the
thing is is that we've had this narrative you know
(01:49):
about energy, like, oh my gosh, we're all going to
be driving electric cars and demand for oil is going
to go away. We're going to have an oil glock.
But I'm looking at the latest, know, I'm like, where's
the glot? Right? We were supposed to see oil demand,
you know, peak out, you know, months ago or years ago.
Now we're seeing oil demand at a record high. We're
(02:10):
seeing supplies below average around the globe, and you know,
the country's getting hit with a major cold blast right,
and are to blast. Even down in Texas, you're going
to be feeling it and in different parts, and in
this cold. The course is going to mean more energy demand.
It's going to challenge our infrastructure, infrastructure that hasn't been
(02:31):
invested in correctly, mainly because of the Biden administrations anti
fossil fuel policies.
Speaker 1 (02:38):
Yeah, I'm imagining folks in the Northeast. I can only
imagine what home heating oil is going to be going
for here pretty soon.
Speaker 2 (02:44):
Yeah, they've been filling up their tank. I spoke to
a few of the dealers and the prices have been
going up sharply. And really, you know, one of the
things President Biden has had going for him the last
couple of years is that we haven't had a real
hold winter, not like the ones you and I remember
growing up. You know, when we walked, you know, to
(03:04):
school uphill both ways and then you know the wind
show factor is forty below zero. But now we're getting that,
and we're really going to challenge the narrative that we have.
You know this this you know, comfortable amount of supply.
I think we're going to see supplies tighten and you know,
God forbid you know that this cold is as bad
as some people are predicting. You know, we could see
(03:25):
power outages and shortages, you know, developed very quickly.
Speaker 1 (03:29):
Obviously, President Trump is going to is drill baby drilled
when President Trump takes office. So how quickly can the
oil industry gear up for what Trump wants to do?
Speaker 2 (03:37):
You know, I think it's going to take some time.
There's certain things that are going to happen right away,
but it you know, it takes time to build pipelines, right,
You're not going to get that done overnight, but it's
going to happen a lot faster than it would have,
you know it had President Piden got back in office
on day one. You know, we're already hearing reports of
(03:58):
a record amount of executive orders. Most of them are
reversing the executive orders that President and Biden put into
place when it came to you know, killing the Keystone
pipeline or federal drilling regulations. But there's been a lot
of damage done. Right, We have seen under investment in
the US oil and gas industry, mainly because it's been demonized,
(04:21):
and that's going to create problems for the future. So
President Trump has a lot of work to do to
keep those prices low in his first term in office.
Speaker 1 (04:29):
Nie, sir, have a great day. Thanks for joining us.
Speaker 2 (04:31):
We're here in office.
Speaker 1 (04:32):
Thank you, Bill Flynn Industry oil industry Experts five fifty
seven Here in Houston's morning news.
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