Phil Flynn - Industry Analyst Joins Houston's Morning News

Episode Transcript

Speaker 1 (00:01):
Five fifty three is our time here in Houston's point news.
Gas isn't crazy expensive, but it isn't getting cheaper. Hasn't
gotten cheaper recently anyway. Phil Flynn joins US industry analyst.
I love how we we like to say, well, Trump's president,
how come price and gas hasn't gone down? It's just somehow,
you know, that's one's got to do anything with the
other one. All Trump can do is is, you know,

(00:22):
decrease regulations and provide this stability oil produces need in
order to feel confident producing more oil and gas. But
that takes time. Your turn, sir, Good morning, Good morning.
Can you hear me?

Speaker 2 (00:42):
I can hear you now, I wasn't hearing either for
a minute. Can you hear me?

Speaker 3 (00:45):
Okay?

Speaker 2 (00:46):
Four?

Speaker 1 (00:46):
I hear you, fine, I hear you fine, Okay. So
we were just, yeah, we're just talking about, you know,
how gasoline. You know, well, President Trump's in, how come
gasleen hasn't gone bound like twenty or thirty cents? Ago
doesn't quite work that way, does it.

Speaker 3 (00:59):
No, it doesn't happ and overnight.

Speaker 2 (01:00):
But I will tell you this, Jimmy, if you look
at the price of oil right now, it's a lot
lower than a lot of people thought it would be
at this time of year. And we're already getting signals
that the Trump policy is having a downward impact on
oil prices.

Speaker 3 (01:16):
In fact, one of.

Speaker 2 (01:16):
The things that broke this weekend there was a dispute
in i Rat believe it or not, with the government
of the Kurdish government in Iraq, which is kind of
a weird situation, but there was kind of a contract
dispute of their oil production and was held up. Donald
Trump said, hey, guys, you better settle that dispute, get

(01:38):
that oil flowing, or we're going to put tariffs not
only on Iran but on Iraq. And all of a sudden,
today we hear reports that oil is going to flow.
So you know, President Trump is declared an energy emergency.
He understands where the future is going and it's needed
to be powered by fossil fuels. And I think he's
on the right track. And prices are lower than they

(01:59):
should have been or would have been without President.

Speaker 1 (02:01):
Trump under the best of circumstances. Are we going to
see sub two dollars gallon gasoline anytime in the not
too distant future.

Speaker 3 (02:09):
I doubt it.

Speaker 2 (02:10):
But you know what, I don't think, you know, everybody's
focused on a number for gasoline. I think you have
to put everything in perspective, right, And that's a reworking
of US oil and gas, right, that's a reworking of
a reduction of an inflation in other areas. And I
think if you look at the tax consequences on gasoline, that's.

Speaker 3 (02:32):
A big part of the cost.

Speaker 2 (02:33):
I think Donald Trump is moving towards streamlining and those things,
and why we might not see two dollars gallon gasoline,
you know, I definitely think we're going to see something
in the three dollars range at some point in our
near future.

Speaker 1 (02:46):
And I would think too, that driverage consumer, they would
just like to see consistency, right, They would like to
see a relatively low price and a relatively low price
for a consistent period of time, like more than just
a few months or more than just a year or two.
We could get to the point where we're producing enough
where we could, you know, we have a steady supply
of relatively low priced gasoline. That would be the goal, right,

(03:09):
it would be right, you know, and that means building
more refineries here in the United States. That means taking
advantage of the type of oil that we produce here.
And I think President Trump has the right idea. Right
it has to be in everything and above energy policy,
and we really haven't gone that way.

Speaker 2 (03:25):
You know, We've thrown all this money at green energy
projects that will probably never come to fruition.

Speaker 3 (03:31):
We throw money against the wall.

Speaker 2 (03:33):
Now it needs to be infested where we know things work.
And if we do that, then prices are going to
be down. It's going to create jobs here in the
United States. Bring back manufacturing. That's all part and pouse
so parcel to good energy production and good energy policy.

Speaker 1 (03:50):
Well there you go, Bill, Always good to talk to you,
Thanks sir. Appreciated industry analyst Phil Flynn