Petroplex News

Congressman August Pfluger participated in a discussion on Sunday Morning Futures with Jackie DeAngelis on Fox News to discuss the energy agenda under President Trump, particularly highlighting the importance of the Permian Basin.

During the conversation, Jackie DeAngelis stated, "We're talking all morning about Trump's economic agenda. Obviously, tariffs are on everyone's mind, but energy is also a big part of this. He wants to unleash American energy once again." She noted that the deregulation and investment aspects included in this agenda have the backing of companies.

Congressman Pfluger responded, "Well Jackie, it's great to be with you, and you're absolutely right. Energy underpins everything we do, our entire economy, our national security sector - it's the most important thing, and it's foundational to everyday life." He mentioned the recent passing of a bill he was proud to support, which aims to cut the natural gas tax imposed by President Biden. Pfluger emphasized President Trump's efforts to reduce bureaucracy, saying, "He's making it easier. You're going to see lease sales both onshore and offshore," and stressed the importance of permitting reform to reduce delays and bureaucratic hurdles.

DeAngelis also brought up oil prices, saying, "When you look at oil prices, there are a few bright spots in this market right now, even amidst the turmoil that we're watching on the specific indices with stocks." She acknowledged the role of OPEC in increasing supply, assisting President Trump in modifying the energy agenda, and reducing gas prices to help combat inflation.

Pfluger noted a balance is necessary in oil and gas production, saying, "There's a sweet spot for the production of oil and gas because you want enough rigs to drill, you want the ability to be able to produce, and the supply to match the demand." He elaborated on the importance of price predictability in the industry for investment purposes and asserted that a stable price range is crucial for economic stability and competition globally.