Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Saxe twenty three. Now you're in Houston's Warning News. So
we have seas one oil tanker so far off the
Venezuelan coast. Evidently we're more than willing to seize more.
Ray RT Trevino, oil and gas expert joins us RT,
welcome back to the show. That's kind of a bold
move when you just take a tanker here. First thing
comes to my mind is what happens to the tanker
(00:20):
and the oil? Do we keep it? Do we just
keep the boat and keep the oil?
Speaker 2 (00:25):
Oh, good morning, Jimmy, and thank you for always having
me back on No. Unfortunately, that's not the way it
all works right now. This is definitely a strategic move
by this administration to show that we're serious when we
set sanctions against other countries that are anti America.
Speaker 1 (00:41):
Okay, but isn't part of a good message just say, Okay,
you can have your boat back, but we're keeping the
oil because there was sanctioned oil. Sanctioned oil. You had
no right to be taking it where you were taking it.
We're going to take it.
Speaker 2 (00:53):
That is correct. They had no right to take it
where they were taking it. Venezuela is sanctioned right now.
And they should not be selling oil across the globe.
And this is all part of this administration's administration strategic
moves to deter Russia from continuing the war in Ukraine,
no different than what they did with Iran back during
the summer, to really lower the price of oil against
(01:16):
Iran in places like Russia, to really stop there also
moves against terrorism, and keep in mind that's what this
is all about. This has nothing to do with the
war on drugs, which is very important in my opinion,
But this has to do with the influence of Russia
and China in South America and from Houston that's basically
in our backyard.
Speaker 1 (01:37):
I think this is also about regime change, if you
want to get right down to it, don't you. I mean,
we're trying to make it as difficult to Madure to
stay in power as we absolutely positively can. If he
can't make any income for the country through oil, if
they can't run any drugs, he's out of business absolutely.
Speaker 2 (01:53):
Venezuela is a prime example of socialism and communism that
does not work. Just twenty five thirty years ago, Venezuela
was one of the top tourist destinations in the world
a rich, lush economy, and now once they brought in
communism and socialism, obviously that place cannot do any more
(02:15):
good business. And it's one of the worst places there is.
Speaker 1 (02:17):
In the world. Artie, while I've got you here, I
want to get your thoughts right now where we're at
with the price of oil in this country. I mean,
we are very blessed here in Houston. I think I
filled up last week for two nineteen a gallon, and
I've seen it as low as two fourteen a gallon
here in the Greater Houston area. Grunted. I'm out in
the suburbs, I'm out in the city where the jack
up the prices a little bit. But that's pretty that's
(02:40):
pretty cheap. People are that the one thing that is
definitely helping as it relates to inflation is much cheaper
gasoline prices.
Speaker 2 (02:49):
Yes, absolutely, And Houston has some of the best minds
in the oil and gas industry, and right now it
is drill, baby, drill. And this president understands that as
long as we have rate, reliable, abundant and a cheap
prices in oil, that we're going to have a thriving economy.
Make no doubt about it. That sweet spot is still
(03:12):
that seventy five to eighty five dollars oil where you know,
oil and gas companies make money, shareholders, investors make money,
and the American people continue to thrive. But during this
holiday season, just what a blessing that gas prices are
going to be low and we could still continue to
see them even lower. I know, I filled up my
diesel the other day for underd three dollars. I can't
(03:32):
believe it. So what do you think for twenty twenty six?
What does the prospects look? I know, you know, it's
like any other commodity goes up, it goes down. But
what are you thinking for twenty twenty six as far
as oil and gas prices? You know, we are definitely
continuing to watch the price and we do know that
as we move into twenty twenty six, we will still
see prices where they are. But the thing that we're
(03:53):
actually really looking at is electricity and the demand for
electricity is only continuing to go up. And keep in mind,
our production is as strong as it is as fourteen
million barrels of oil a day, So as long as
the demand for electricity continues to rise, the actual demand
in oil and gas and hydrocarbons will only continue to
rise as well, which will bring back up the price
(04:15):
of oil.
Speaker 1 (04:16):
Okay, RT, thanks as always appreciate your time. That is
Ray RT Trevino, oil and gas expert
Saxe twenty three. Now you're in Houston's Warning News. So
we have seas one oil tanker so far off the
Venezuelan coast. Evidently we're more than willing to seize more.
Ray RT Trevino, oil and gas expert joins us RT,
welcome back to the show. That's kind of a bold
move when you just take a tanker here. First thing
comes to my mind is what happens to the tanker
(00:20):
and the oil? Do we keep it? Do we just
keep the boat and keep the oil?
Speaker 2 (00:25):
Oh, good morning, Jimmy, and thank you for always having
me back on No. Unfortunately, that's not the way it
all works right now. This is definitely a strategic move
by this administration to show that we're serious when we
set sanctions against other countries that are anti America.
Speaker 1 (00:41):
Okay, but isn't part of a good message just say, Okay,
you can have your boat back, but we're keeping the
oil because there was sanctioned oil. Sanctioned oil. You had
no right to be taking it where you were taking it.
We're going to take it.
Speaker 2 (00:53):
That is correct. They had no right to take it
where they were taking it. Venezuela is sanctioned right now.
And they should not be selling oil across the globe.
And this is all part of this administration's administration strategic
moves to deter Russia from continuing the war in Ukraine,
no different than what they did with Iran back during
the summer, to really lower the price of oil against
(01:16):
Iran in places like Russia, to really stop there also
moves against terrorism, and keep in mind that's what this
is all about. This has nothing to do with the
war on drugs, which is very important in my opinion,
But this has to do with the influence of Russia
and China in South America and from Houston that's basically
in our backyard.
Speaker 1 (01:37):
I think this is also about regime change, if you
want to get right down to it, don't you. I mean,
we're trying to make it as difficult to Madure to
stay in power as we absolutely positively can. If he
can't make any income for the country through oil, if
they can't run any drugs, he's out of business absolutely.
Speaker 2 (01:53):
Venezuela is a prime example of socialism and communism that
does not work. Just twenty five thirty years ago, Venezuela
was one of the top tourist destinations in the world
a rich, lush economy, and now once they brought in
communism and socialism, obviously that place cannot do any more
(02:15):
good business. And it's one of the worst places there is.
Speaker 1 (02:17):
In the world. Artie, while I've got you here, I
want to get your thoughts right now where we're at
with the price of oil in this country. I mean,
we are very blessed here in Houston. I think I
filled up last week for two nineteen a gallon, and
I've seen it as low as two fourteen a gallon
here in the Greater Houston area. Grunted. I'm out in
the suburbs, I'm out in the city where the jack
up the prices a little bit. But that's pretty that's
(02:40):
pretty cheap. People are that the one thing that is
definitely helping as it relates to inflation is much cheaper
gasoline prices.
Speaker 2 (02:49):
Yes, absolutely, And Houston has some of the best minds
in the oil and gas industry, and right now it
is drill, baby, drill. And this president understands that as
long as we have rate, reliable, abundant and a cheap
prices in oil, that we're going to have a thriving economy.
Make no doubt about it. That sweet spot is still
(03:12):
that seventy five to eighty five dollars oil where you know,
oil and gas companies make money, shareholders, investors make money,
and the American people continue to thrive. But during this
holiday season, just what a blessing that gas prices are
going to be low and we could still continue to
see them even lower. I know, I filled up my
diesel the other day for underd three dollars. I can't
(03:32):
believe it. So what do you think for twenty twenty six?
What does the prospects look? I know, you know, it's
like any other commodity goes up, it goes down. But
what are you thinking for twenty twenty six as far
as oil and gas prices? You know, we are definitely
continuing to watch the price and we do know that
as we move into twenty twenty six, we will still
see prices where they are. But the thing that we're
(03:53):
actually really looking at is electricity and the demand for
electricity is only continuing to go up. And keep in mind,
our production is as strong as it is as fourteen
million barrels of oil a day, So as long as
the demand for electricity continues to rise, the actual demand
in oil and gas and hydrocarbons will only continue to
rise as well, which will bring back up the price
(04:15):
of oil.
Speaker 1 (04:16):
Okay, RT, thanks as always appreciate your time. That is
Ray RT Trevino, oil and gas expert
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