Phil Flynn

“I think this is a win. It's a generational win for Americans because it is [going to] lead to a generation of low prices,”

Phil Flynn · said date not stated · reported 2026-08-29

Flynn praised Trump's Venezuela oil deal on Fox & Friends Weekend, arguing it could lower gas prices for years.

“If you're looking for gasoline prices to fall 10 cents overnight, probably not [going to] happen,”

Phil Flynn · said date not stated · reported 2026-08-29

Flynn cautioned that Americans should not expect immediate relief at the pump from the deal.

“And it's a win for the people of Venezuela as well because the United States has the technology and the people to develop those oil fields unlike anything Venezuela has been ever able to do in history,”

Phil Flynn · said date not stated · reported 2026-08-29

Flynn added that U.S. technology and personnel could develop Venezuela's oil fields in ways Venezuela never had.

“psychologically it will put some downward pressure on prices”

Phil Flynn · said date not stated · reported 2026-08-29

Flynn said the deal would psychologically put downward pressure on prices by signaling an easing of geopolitical risks.

“Now we have the biggest strategic petroleum reserve in history. It's called Venezuela.”

Phil Flynn · said date not stated · reported 2026-08-29

Flynn said Venezuela effectively becomes the biggest strategic petroleum reserve in history.

“It's another sign that the conflicts in the world that have kept prices high for years are starting to come to an end,”

Phil Flynn · said date not stated · reported 2026-08-29

Flynn said the deal is another sign that global conflicts keeping prices high are starting to come to an end.

“A lot of people are worried about us drawing down our Strategic Petroleum Reserve,”

Phil Flynn · said date not stated · reported 2026-08-29

Flynn echoed the sentiment, arguing the move eases concerns about depleted U.S. oil reserves.