Phil Flynn - Industry Analyst Joins Houston's Morning News

Episode Transcript

Speaker 1 (00:00):
Well, yeah, but maybe not any more than what they're
already drilling seven point fifty two here in Houston's Warning News,
we're told evidently President Trump has been told by Saudi
officials and US frackers that they're not going to drill
more than what they're drilling right now. Phil Flynn joins
US Industrial Is. First of all, do you think that's true, Phil?

Speaker 2 (00:18):
And if so, why, Well, you know, I think the
main thing is is you don't want to lose money
on every barrel and try to make up for it
in volume. Right, the economics have to make sense for
US drillers. Saudi Arabia is a different issue, of course.
I think President Trump has a lot of sway with
Saudi Arabia. I think when the time is right, he's

(00:41):
going to pressure them to raise production. But you know,
it's the one thing I want to keep telling people.
It's not just about drill, baby, drill, It's about reforming
the entire US oil and gas space, removing regulations. And
you know, I'm very excited about what's going to come,
and I think the rest of them arias should be
as well.

Speaker 1 (01:01):
Well. I'm glad you pointed that. And let's elaborate on
that a little bit more. It's not that these frackers
don't want to be cooperative or don't want to be
quote unquote good Americans. It's it has to number one,
has to make financial sense for them, and number two
is you've got to get you got to get government
out of their way to do their jobs.

Speaker 2 (01:19):
You're absolutely right. And and under the Biden administration, i mean,
they were demonized. I mean, let's face it. You know,
they were accused of being war profiteers. You know, they
were they were accused of environmental and crimes. And you know,
in the reality, they were just trying to do their
job right, you know. And then President Biden has the

(01:42):
goal to take credit for IA. Look, and we still
have record oil production, you know, mainly because they were
using drilled but uncompleted well, so they weren't drilling. Listen,
the key thing is is that we're going to make
investment in oil and gas, you know, not a crime.
You know. And that's kind of what it felt like
under the administration. By streamlining approval processes and permitting processes,

(02:06):
by allowing you projects to actually get built, it's going
to be the free flow of energy and it's not
just about you know, drilling. You know, it's going to
be about moving oil through pipelines. It's going to be
about approving perhaps new refineries and things like that. So
it's a bigger, pictuer thing than just putting a drill
in the ground.

Speaker 1 (02:26):
Right. I would guess too that one of the things
that oil producers would be very worry of, and I
can't blame them in the least is as you know,
you have a friend in the White House now for
the next four years. What you don't know is what
happens after four years, right, And a lot of these
projects you may start them now, but it might be
three or four years before they even come to be
close to fruition.

Speaker 2 (02:46):
You know. That's why Canada's Excel pipeline people are like, yeah,
I can't know exactly what we're saying, Jimmy, because you know,
at least spend years and you know, millions and you know,
dollars of trying to get this pipeline approved. And then
it got all approved, that went through all the environmental reviews,
and it was proven to not increase you know, greenhouse
gas emissions one bit, and they canceled it anyway, for

(03:08):
political purposes. So you know that's madness and we have
to get away from that. You know, we need a
fair playing field. You know, people are investing in their livelihoods,
their their their their own money and they shouldn't be
you know, treated unfairly by the government. And that's what
happened under the Biden.

Speaker 1 (03:23):
Regime, right sir. Always good to talk to you, Thanks
for insight. That is, oil industry analyst Phil Flynn