Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Six, twenty three is our time here in Houston's war News.
I got me a pickup truck and uh, it's got
a V eight engine. It does like to burn some gasoline.
So you know, the forty one cent drop in the
last year in gasoline prices makes me happy. But there's
always the people who want to look at the downsider.
Does this mean the economy is slowing down? You know,
because it's a supplying demand thing. Well, it is a
(00:23):
supplying demand thing, but maybe we're producing more. Let's find
out Ray RT Trevino. Do you prefer RAY or RT?
Speaker 2 (00:30):
Oh RT is just fine?
Speaker 1 (00:31):
All right, We're going with RT from here on out. RT.
RT Trevino's an oil and gas expert. He's at Pecos
Country Operating that's in North Texas. So what's what's the
answer here? RT? Everybody likes cheaper gas prices, But is
there a dark side to the cheaper gas prices we're
seeing right now?
Speaker 2 (00:49):
You know, at this moment in time, I do not
see that dark side. Leave it to the other side
of the of the aisle to all of a sudden
say that the economy is bad just because we have
the lowest gas prices. That we've had now in three years.
Speaker 1 (01:02):
Isn't that the truth? Isn't that the truth? So what
is leading to lower gas prices right now? Is it
just we're we're producing more.
Speaker 2 (01:10):
Well, that that is part of it. We are still
the number one producer in the world, and I'm proud
to say that Texas is still the top producer in America.
Haven't gotten the end of year numbers just yet, but
in October November of last year, we produced the loan
almost forty five percent of the nation's oil. And so
(01:30):
as we continue to produce, we're still hitting record numbers
at over fourteen million barrels of oil produced in America
each month or each day, excuse me, and so we
are looking very good on a supply side. There is
talk of President Trump filling up Strategic Petroleum Reserve, which
would be good. But the other real reason why the
price of oil has dropped and gasoline prices have dropped
(01:53):
is due to the fact that OPEC has announced that
over the next eighteen to twenty four months they're going
to turn an additional two million barrels of oil online,
and they're going to do it steadily, about one hundred
and twenty to one hundred and eighty thousand barrels an
a day over the next eighteen months, basically, so about
once a month they'll put out another one hundred and
eighty thousand barrels online.
Speaker 1 (02:14):
Well, there you go. I knew there had to be
an Opeque part of all this. And President Tropic course
has worked the Saudis in particular, very very hard in
order to get a oil production up. He understands it's
a supply and demand situation, and it's a world situation.
It's not just the United States, it's other oil producers
around the world. If you get enough of supply going,
then we could all enjoy the benefits of having plenty
(02:35):
of gasoline.
Speaker 2 (02:38):
Yes, absolutely, and I'm glad you brought that up. You know,
a lot of people don't understand, but Donald President Trump
has a great relationship with Saudi Arabia and several of
the other nations there in the Middle East. If you recall,
he was able to bring together the Abraham records in
his last presidency. But right now, what we're also looking
(02:58):
to watch is the fact of what happens with Iran
and Venezuela. With Opek adding an additional two million barrels.
The real question is will President Trump add strenuous sanctions
to Iran and cut off their two to three million
barrels of oil a day and possibly cut off Venezuela's
two million barrels of oil a day that are going
(03:20):
to the market.
Speaker 1 (03:21):
And my guess would be yes, he probably will, which
is probably, which is good because from a standpoint of
negotiating with the Roan, that's all we've got here is
to take away their income. That's the best fight against terrorism.
RTI good, good to talk to you, sir. Thank you
so much for your time today. I appreciate it.
Speaker 2 (03:37):
Thank you. Have a good one.
Speaker 1 (03:38):
Oil and Gas Expert RT. Trevino. It's six twenty six
Six, twenty three is our time here in Houston's war News.
I got me a pickup truck and uh, it's got
a V eight engine. It does like to burn some gasoline.
So you know, the forty one cent drop in the
last year in gasoline prices makes me happy. But there's
always the people who want to look at the downsider.
Does this mean the economy is slowing down? You know,
because it's a supplying demand thing. Well, it is a
(00:23):
supplying demand thing, but maybe we're producing more. Let's find
out Ray RT Trevino. Do you prefer RAY or RT?
Speaker 2 (00:30):
Oh RT is just fine?
Speaker 1 (00:31):
All right, We're going with RT from here on out. RT.
RT Trevino's an oil and gas expert. He's at Pecos
Country Operating that's in North Texas. So what's what's the
answer here? RT? Everybody likes cheaper gas prices, But is
there a dark side to the cheaper gas prices we're
seeing right now?
Speaker 2 (00:49):
You know, at this moment in time, I do not
see that dark side. Leave it to the other side
of the of the aisle to all of a sudden
say that the economy is bad just because we have
the lowest gas prices. That we've had now in three years.
Speaker 1 (01:02):
Isn't that the truth? Isn't that the truth? So what
is leading to lower gas prices right now? Is it
just we're we're producing more.
Speaker 2 (01:10):
Well, that that is part of it. We are still
the number one producer in the world, and I'm proud
to say that Texas is still the top producer in America.
Haven't gotten the end of year numbers just yet, but
in October November of last year, we produced the loan
almost forty five percent of the nation's oil. And so
(01:30):
as we continue to produce, we're still hitting record numbers
at over fourteen million barrels of oil produced in America
each month or each day, excuse me, and so we
are looking very good on a supply side. There is
talk of President Trump filling up Strategic Petroleum Reserve, which
would be good. But the other real reason why the
price of oil has dropped and gasoline prices have dropped
(01:53):
is due to the fact that OPEC has announced that
over the next eighteen to twenty four months they're going
to turn an additional two million barrels of oil online,
and they're going to do it steadily, about one hundred
and twenty to one hundred and eighty thousand barrels an
a day over the next eighteen months, basically, so about
once a month they'll put out another one hundred and
eighty thousand barrels online.
Speaker 1 (02:14):
Well, there you go. I knew there had to be
an Opeque part of all this. And President Tropic course
has worked the Saudis in particular, very very hard in
order to get a oil production up. He understands it's
a supply and demand situation, and it's a world situation.
It's not just the United States, it's other oil producers
around the world. If you get enough of supply going,
then we could all enjoy the benefits of having plenty
(02:35):
of gasoline.
Speaker 2 (02:38):
Yes, absolutely, and I'm glad you brought that up. You know,
a lot of people don't understand, but Donald President Trump
has a great relationship with Saudi Arabia and several of
the other nations there in the Middle East. If you recall,
he was able to bring together the Abraham records in
his last presidency. But right now, what we're also looking
(02:58):
to watch is the fact of what happens with Iran
and Venezuela. With Opek adding an additional two million barrels.
The real question is will President Trump add strenuous sanctions
to Iran and cut off their two to three million
barrels of oil a day and possibly cut off Venezuela's
two million barrels of oil a day that are going
(03:20):
to the market.
Speaker 1 (03:21):
And my guess would be yes, he probably will, which
is probably, which is good because from a standpoint of
negotiating with the Roan, that's all we've got here is
to take away their income. That's the best fight against terrorism.
RTI good, good to talk to you, sir. Thank you
so much for your time today. I appreciate it.
Speaker 2 (03:37):
Thank you. Have a good one.
Speaker 1 (03:38):
Oil and Gas Expert RT. Trevino. It's six twenty six
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