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Speaker 1: Right back with Eddie and Rocky and rock The gas

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Speaker 1: prices continue to well, they seem to have kind of

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Speaker 1: stabilized around here. The highest I've seen is three ninety nine,

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Speaker 1: but I've seen it. You know, there's some I've been,

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Speaker 1: I've driven by gas stations that are like three sixty

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Speaker 1: nine round these parts. It's three ninety nine, but that's

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Speaker 1: the range I've seen at least forty percent swimming.

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Speaker 2: Yeah, it's been up and down, but it's certainly been

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Speaker 2: in general higher than it was, you know, two three,

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Speaker 2: four months ago kind of thing.

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Speaker 1: So what is the is there any end in sight?

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Speaker 1: What's the story? Well, let's talk to our expert in

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Speaker 1: these matters. We always love talking to our good friend

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Speaker 1: Ray Trevino from pekos to Country Energy. They are based

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Speaker 1: out of for Worth and he knows of what he speaks. Uh, Ray, Artie,

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Speaker 1: what is going on? Buddy? What can we expect? I

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Speaker 1: mean is this we don't obviously we don't know what's

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Speaker 1: going on, but is do you have a rough idea

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Speaker 1: what we can expect?

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Speaker 3: Thank you for having me on as always. I think

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Speaker 3: what we could expect is hopefully gas prices where they

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Speaker 3: are for the next couple of weeks, and when I

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Speaker 3: mean hopefully, I mean hopefully they don't go up anymore.

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Speaker 3: We will see gas prices to probably stabilize, like y'all

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Speaker 3: mentioned in the opener, And even if the conflict were

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Speaker 3: the end today, we'd probably be at these higher gasoline

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Speaker 3: prices for about two or three weeks until everything was

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Speaker 3: back all as well in Iran.

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Speaker 2: All right, so talk to us, I Ray about the

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Speaker 2: strait of Horror moves right, A lot of talk about that,

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Speaker 2: and you're getting that reopen to how that could help prices?

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Speaker 2: What do you know about that?

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Speaker 4: Yes? And technically, great question.

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Speaker 3: The strain of horror move is technically not closed. It

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Speaker 3: is due to all the threats that they are making

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Speaker 3: right now that are ran makes towards tankers going through

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Speaker 3: the street and the amount of the cost and insurance

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Speaker 3: that the insurance companies like Lloyd's and London aren't putting

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Speaker 3: on tankers is why the strait is unofficially close right there.

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Speaker 2: And tell us, because I know I've asked this before,

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Speaker 2: but remind folks, and you know, with especially under the

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Speaker 2: Trump administration, the United States has done a lot in

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Speaker 2: terms of becoming energy independent and getting our own oil

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Speaker 2: from America. But break it down for us, how much

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Speaker 2: is produced here and how much how much from an

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Speaker 2: amount standpoint, do we still need to get from a country,

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Speaker 2: say like Iran.

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Speaker 3: Yes, that's a great question. We produce fourteen million barrels

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Speaker 3: of oil a day, and it's just under that. It's

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Speaker 3: it's anywhere between thirteen point six and thirteen point nine

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Speaker 3: million barrels boil a day that the United States produces.

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Speaker 3: And I'm proud to say that the great State of

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Speaker 3: Texas produces almost half of that. However, we as a country,

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Speaker 3: we are blessed, and we consume twenty one million barrels

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Speaker 3: of oil a day in this country. And so we

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Speaker 3: have to get to a place not only to where

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Speaker 3: we are producing that much, but that we're refining that much.

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Speaker 3: And right now, I'm excited to announce that we have

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Speaker 3: now the first refinery that will be built in fifty

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Speaker 3: years right here in Texas, and it will be refining

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Speaker 3: sweet Texas creude oil and of course oil from other

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Speaker 3: parts of America, and will not use any foreign oil

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Speaker 3: to make its product.

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Speaker 5: So let me listen to this.

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Speaker 2: And I know those things don't go up in a day,

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Speaker 2: right but once that one gets built, a new drilling

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Speaker 2: place you're talking about here in America, here in Texas.

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Speaker 2: How many more barrels a day will that get us?

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Speaker 2: And will that get us to that twenty one million

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Speaker 2: threshold where we can be independent?

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Speaker 3: Well, to get there, we're gonna have to drill, baby drilled.

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Speaker 3: And this new refinery is gonna process about one hundred

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Speaker 3: and sixty thousand barrels of crude oil a day and

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Speaker 3: turn it into things like diesel, gasoline and jet feel

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Speaker 3: and other products. So we are getting closer. Unfortunately, it's

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Speaker 3: not going to be the end all. What we are

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Speaker 3: excited to see, though, is this conflict in Iran end

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Speaker 3: and probably get back down to that seventy five dollars

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Speaker 3: oil price PUS. This conflict is over and.

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Speaker 1: Calm Artie, Well, I think the question too needs to

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Speaker 1: be asked, what about this oil that we are extracting

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Speaker 1: from the Venezuela, what's going on with that?

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Speaker 3: Yes, that's a great question, Eddie and Rocky and I

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Speaker 3: expect the same thing to.

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Speaker 4: Happen in Iran once the United States has.

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Speaker 3: Control of Iranian oil.

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Speaker 4: And let me say that part again.

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Speaker 3: Once I expect the United States to have control of

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Speaker 3: Iranian oil. What this president did was set a deal

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Speaker 3: with countries like India to sell them that Venezuelan oil

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Speaker 3: at the proper prices, just like the rest of the world,

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Speaker 3: and not at these black market lower prices, which in

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Speaker 3: turn did not affect the oil production here in America,

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Speaker 3: meaning it wasn't good. It wasn't bad, meaning it wasn't

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Speaker 3: bad because oil prices didn't jump up. It wasn't necessarily

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Speaker 3: good because that means we didn't start producing more. However,

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Speaker 3: what also happened that nobody's talking about with Venezuelan oil,

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Speaker 3: and what will also happen with Iranian oil once it's

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Speaker 3: under the United States jurisdiction, is that two billion dollars

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Speaker 3: a year again, that's two billion with a fee, two

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Speaker 3: billion dollars a year will not be going towards terrorism

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Speaker 3: across the world to hurt individuals like US Americans.

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Speaker 2: Right let me ask you this though. Right now, oil

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Speaker 2: is you know whatever, hovering around one hundred bucks a barrel,

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Speaker 2: which isn't good for you, me, anybody. But also, I

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Speaker 2: mean if oil got down to fifty bucks a barrel,

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Speaker 2: that probably wouldn't be good for you and your industry.

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Speaker 2: Where does oil need to be where it's like good

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Speaker 2: enough for Americans everyday people, but also for folks to

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Speaker 2: know oil industry to make money and profit and do

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Speaker 2: all that. What's kind of that that sweet spot for you?

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Speaker 3: Yes, that sweet spot is eighty dollars oil. You will

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Speaker 3: hear a lot of experts saying the sweet spot is

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Speaker 3: between seventy five and eighty five dollars oil. So we're

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Speaker 3: going to meet in the middle and say that sweet

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Speaker 3: spot is eighty dollars oil. And as we're speaking, we

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Speaker 3: are definitely trading above one hundred right now. And one

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Speaker 3: thing Eddie and Rocky I would love for your listeners

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Speaker 3: to note and remember is this, During both President Trump's administrations,

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Speaker 3: we have been at one hundred dollars oil for a

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Speaker 3: total of seven days. During the Biden administration, we're at

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Speaker 3: one hundred dollars oil for a consecutive three months. During

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Speaker 3: the Obama administration, we are at one hundred dollars oil

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Speaker 3: for a.

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Speaker 4: Consecutive three years.

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Speaker 3: I love this president. I do support them. However, he

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Speaker 3: wants these prices way lower than where they are, and

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Speaker 3: that's something I know that we are working with him.

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Speaker 4: Harold Ham and a lot.

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Speaker 3: Of other large independent producers to get to that sweet spot.

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Speaker 3: But he is definitely a drill, baby, drill, keep the

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Speaker 3: prices low. Why because he knows that affects every American

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Speaker 3: out there.

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Speaker 4: I will say that.

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Speaker 1: All right with that, Ray, all we can do at

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Speaker 1: the stage of the game is wait and see.

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Speaker 3: Huh, yes, sir, I'm hoping that this conflict is over

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Speaker 3: sooner than later. But again, even if it were in

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Speaker 3: the day, I do expect prices stay high for the

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Speaker 3: next couple of weeks.

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Speaker 2: Let me ask you this one. I wanted to ask

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Speaker 2: you this. What do you think the prospects are on

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Speaker 2: the suspension of the federal gas tax for a little bit.

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Speaker 2: Is that something that could actually happen or no?

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Speaker 3: I think you would be great if it happened. It

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Speaker 3: would show how high of a tax they actually put

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Speaker 3: on gas, and it would be something that would benefit

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Speaker 3: the entire country.

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Speaker 4: You look at what President Trump.

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Speaker 3: Is doing right now by getting oil back online in

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Speaker 3: California to help Californians out.

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Speaker 4: And obviously they didn't vote for him, but.

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Speaker 3: He's working on things in this administration to bring down

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Speaker 3: the price of oil for every American, just like every

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Speaker 3: man and woman in the oil and gas industry is

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Speaker 3: producing oil every day for every American.

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Speaker 1: All right, with that rate, we will let you go, buddy.

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Speaker 1: It is always our pleasure to talk to you. People

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Speaker 1: want to find out more about what it is you

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Speaker 1: all do down there in Texas.

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Speaker 4: Yes, thank you for the opportunity.

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Speaker 3: I invite people to go to the Crude Truth dot

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Speaker 3: com or pekhost Operating dot com.

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Speaker 4: Please reach out and ask us any other questions.

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Speaker 1: Rachel Vino always our pleasure, son, Thank.

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Speaker 3: You, Thank you, guys.

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Speaker 1: Thanks Ray uh arties always well. Obviously the man knows

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Speaker 1: what he's talking about. He runs an oil oil business.

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Speaker 2: He'd be fascinating to shadow him for a day and

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Speaker 2: just kind of see all the ins and outs of

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Speaker 2: that business.

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Speaker 1: You imagine working in the Texas oil business. Dude, that

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Speaker 1: has got to be down and did it?

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Speaker 5: Oh yeah, no doubt with that.

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Speaker 1: We check in with traffic and weather.

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Speaker 5: What is going on from the u see Health Traffic Center.

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Speaker 5: When it comes to your health, a big diagnosis can

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Speaker 5: mean big decision, So get a second opinion from expert

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Speaker 5: you can trust at u see Health. Explore all your options.

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Speaker 5: Visit you seehealth dot com. Good News on seventy five

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Speaker 5: southbound after twelve shoot in Kentucky crashes cleared, still have

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Speaker 5: about a six minute delay now reading at southbound California Avenue.

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Speaker 5: We have reports of an accent with police there. Watch

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Speaker 5: for a bit of a cleanup and possible delay. Seventy

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Speaker 5: five southbound from the Vine Deuck down to the Brent

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Speaker 5: Spence Bridge is now a ten minute trip. Northbound seventy

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Speaker 5: five Mitchell to Pattick an extra ten and on seventy

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Speaker 5: five southbound O. Reagan Highway to Norwood lateral or stopping

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Speaker 5: going because of the ongoing roadwork and the lane shift delays.

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Speaker 5: Back to Shepard. Seventy one is sluggish southbound MLK down

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Speaker 5: to the Brent Spence It's about a seven minute drive

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Speaker 5: now my Rick Rep News Radio seven hundred WLW.

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Speaker 1: The forecast from a seven hundred WLW weather center for

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Speaker 1: tonight partly cloudy, sixty four for tomorrow clouds and eighty three.

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Speaker 1: It is seventy two. Now News Radio seven hundred w LW.

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Speaker 3: Who's the greatest American of all time? I vote for

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Speaker 3: Bill Cunningham. I do too. When I listen to Willie,

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Speaker 3: I feel proud to be an American.

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Speaker 1: Imagine if you're in Luxembourg listening to Willie, you'd.

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Speaker 4: Think, Damn Luxembourg sucks. I want to be an American American.

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Speaker 1: Sometimes I wish I could take Willy in my arms,

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Speaker 1: say thank you Willy, and plan a big wet one

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Speaker 1: on him.

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Speaker 3: Me too, Me too, Me too.

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Speaker 5: Bill Cunningham tomorrow at twelve noon on seven hundred WLW.

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Speaker 1: This report is sponsored by Apollo Home, your source for plumbing, heating,

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