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Phil Flynn

Phil Flynn is writer of The Energy Report, a daily market commentary discussing oil, the Middle East, American government, economics, and their effects on the world's energies markets, as well as other commodity markets. Contact Mr. Flynn at (888) 264-5665

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Self-Evident. The Energy Report 07/02/2026

By Phil Flynn On July 2, 2026 - 9:18 AM · In Market Commentaries, Phil Flynn Energy Report

We hold these truths to be self-evident: that the United States of America, endowed by its Creator with vast natural resources and the ingenuity of its people, has achieved and must fiercely defend its energy independence — the unalienable right to produce, refine, and export American oil, natural gas, and energy on our own terms, free from the whims of foreign cartels and misguided regulations.

 

Whereas, through the shale revolution and American innovation, the U.S. has risen to become the world’s #1 oil and natural gas producer, with crude output exceeding 13 million barrels per day and record net exports pushing past 4-5+ million b/d in recent months. We are not just independent — we are dominant, exporting more crude and products than Russia or Saudi Arabia combined at peaks.

 

Whereas, this independence was hard-won through private enterprise, not government mandates. The shale boom transformed us from net importers to net exporters, slashing household energy costs, creating high-paying jobs, bolstering national security, and pressuring global prices downward. Policies that prioritize ideology over reliable baseload power (like unreliable intermittents) risk blackouts and higher costs — we’ve seen it before.

 

Whereas, recent geopolitical shifts — including potential Iran de-escalation, Strait of Hormuz dynamics, OPEC+ moves, and Venezuela’s post-Maduro opportunities — underscore America’s leverage as the swing producer. Lower prices from increased supply can benefit consumers, but we must avoid complacency and keep drilling, building infrastructure, and cutting red tape to maintain dominance.

 

Therefore, let it be declared: America declares full oil and energy independence not as a one-time milestone, but as an enduring commitment. We will unleash domestic production, modernize refineries (addressing light vs. heavy crude needs), expand LNG exports, and prioritize affordable, reliable energy for families, manufacturers, and allies. No more begging OPEC or adversaries — “drill, baby, drill” and American ingenuity will keep us strong.

 

Happy Oil Independence Day! God bless the United States, our energy workers, and the free markets that power our prosperity!

 

And of course, that Independence that we have cherished and defended now for 250 years is brought to us because of the brave men and women of our military. And now with energy once again under attack by our enemies, the clear vision that energy security is needed to secure our rights to life, liberty and the pursuit of happiness.

 

So as President John Adams said: “I am apt to believe that (Independence Day) will be celebrated by succeeding generations as the great anniversary festival. It ought to be commemorated as the day of deliverance, by solemn acts of devotion to God Almighty.” Furthermore, he continues, “It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires, and illuminations, from one end of this continent to the other, from this time forward forevermore.”

 

Thank God we live in this great country! God Bless you all and God Bless America!!

 

Thanks,

Phil Flynn

Senior Market Analyst & Author of The Energy Report

Contributor to FOX Business Network

2918 S. Wentworth Ave. FL 1, Chicago, Illinois 60616

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A Subsidiary of Price Holdings, Inc. – a Diversified Financial Services Firm. Member NIBA, NFA Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The Price Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author. Trading in futures contracts, options on futures contracts, and forward contracts is not suitable for all investors and involves substantial risks. ©2018

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