energy expert phil flynn joins us. stay with us on "the evening edit." >> it was loud. we could hear the wind. we could hear things hitting the house, hitting the vehicles. heard a lot of crashing sounds. that was probably the hardest hurricane i have ever been

let's bring in tennessee congressman mark green, fox news contributor phil flynn.at to have you both on. first to you, congressman. what was your first reaction when you heard canada is criticizing the white house for hypocrisy calling for russia and saudi arabia to increase oil drilling but not here. what do you say to that. >> that is pretty ridiculous. the biden administration wants to shut down u.s. oil production, north american production, go to opec to ask those guys to increase the supply so the price falls. it is absolutely absurd. this is the most anti-american administration we've seen ever. basically we have a southern border completely porous. we're pouring money into our own economy. we're crushing our energy industry. oh, let's send our money to opec. it is just, it is dumber than dumb. elizabeth: phil what do you think about it? the white house knows that rising gas prices are the most politically dangerous for any white house. it is hitting the president's approval ratings right now. you know, you and i covered this rising gas prices and oil prices

bring in energy analyst phil flynn. the news about the incredibly destructive hurricane. tens of thousands without power. we're hearing new orleans could be without power for weeks that means looting. >> it does. it is a very scary situation. let's just hope we get people there to protect as many people as we can because this could be a major issue with these power outages and the city could go crazy. we look at it from an energy viewpoint you know. from the country and its impact on the economy but you know the human toll is also very important. i think there is a lot of fear right now. i heard reports that people can't get cell phone services. they can't call 911. all of these things are happening. elizabeth: you know talk to us about the importance of the u.s. energy sector in light of these hurricanes, right? the numbers are pretty insignificant about hurricane ida pummeling the u.s. gulf coast oil and gas sector, knocking out daily output equivalent to what mexico puts out, right? >> yeah. >> gas prices, there is f

we have phil flynn and tom hayes. phil, you just heard for grady trimble, and it looks like we are going to bear the price of this storm across the country because the price of gasoline is expected to go up. so ian though the productioning -- even though the production offshore seems like it's okay, it's refining that production that could be the problem? >> it is. and transportation is another issue. you know, when you look at this type of storm, uni, you get optimistic, then you get pessimistic. overall, i'm optimistic they're going to be able to bring things back on line, but maybe not as quickly as some people think. and i think that's why we saw the arbob prices up 10 cents, up 2 cents. look at natural gas prices, they're getting crushed today mainly because of all the power outages. if you have a million people without power, you're not burning natural gas to power those homes, so so those prices are going down. you look at diesel fuel right now, there's a lot of concerns with diesel. but, you know, this goes bey

neil: phil flynn, thank you very much, my friend. ou can see there, oil a little north of $69 a barrel. for now we have a 10% drop last week, stablizing today. still early, to phil's point anything can and probably will happen. switching over to afghanistan after this, the deadline that is fast approaching, just how many more will get out? if any get out? after this. perfect house. yeah, we couldn't believe the deal we got. just lucky i guess. (sfx: airplane flying overhead) we're a little closer to the airport than we thought... (sfx: airplane grounded outside the house) at least geico makes bundling our home and car insurance easy. saving us so much money. -hi. -how was your flight? -good. -good. morning, ted. for bundling made easy, go to geico.com. ♪ music playing. ♪ there's an america we build ♪ ♪ and one we explore one that's been paved and one that's forever wild but freedom means you don't have to choose just one adventure ♪ ♪ you get both. introducing the all-new 3-row jeep grand cherokee l jeep. there's only one. ♪. >> 700 y

let's go to phil flynn, price futures group senior analyst and a fox business contributor, with more are scenario for the u.s. industry energy. you know, the track that we're on in new orleans is going into two major refineries, two nuclear power plants, but a category 4, of course, really that flooding could be a big issue if we have to take down refineries and keep them down for an extended period of time you know, this is, sadly, reminds me a lot of what happened during hurricane katrina. first we didn't think the storm was going to hit in that area, it took an evil turn, and we felt the devastation for weeks. the good news is i think we are prepared for this in the industry, the energy industry, i should say, is better prepared for these type of storms. and, hopefully, it won't be as bad as i fear, but i think this could be a bad one, it could impact. we're seeing a big surge in gasoline demand as people have to be evacuated. but then in the aftermath of the storm, it could do more damage total demand side, you know, if there's a lot of flooding, so you might see a drop in demand

phil flynn is with us now. hil, they can hint at moment they're going to do something -- that is, the federal reserve -- but we've gotten used to them not having to do that. what do you think? >> you're absolutely right. i mean, they backed off, you know, pulling back stimulus before, but i think the dynamic is changing just a little bit. we're starting to see some inflation pressure start to creep in. consumers are losing confidence, neil. look at what we saw in the numbers again today from the university of michigan. they're feeling the heat from higher gasoline prices, they're feeling the heat from higher prices, and so the fed really is in a a tough situation if those prices continue to go up and there's no signs right now that that's going to stop, they may be forced to act to at least send a signal to the market to slow some of that down. and if not, it could cause a bigger issue as far as the overall economy. people get nervous, you know, about how much money they have in their pocket, they stop spending.

liz: phil flynn and congressman green is both to see both. thanks for coming in. up next liz peek on house speaker nancy pelosi alienating the democratic moderate. she is saying they will not not get there at the structure vote this month unless the senate passes the huge $3.5 trillion spending package. this is a collision course. this is what's driving it. pulls in history show the party in charge is losing control over congress next year. keep it here. you're watching "the evening edit" on "fox business." >> would the are doing is causing inflation to rise conceit at the gas pump and at the grocery store. ♪ ♪ ♪ hey google, turn up the heat. ♪ ♪ ♪ i'm morgan, and there's more to me than hiv. more love, more adventure, more community. but with my hiv treatment, there's not more medicines in my pill. i talked to my doctor and switched to fewer medicines with dovato. dovato is for some adults who are starting hiv-1 treatment or replacing their current hiv-1 regimen. with just 2 medicines in 1 pill, dovato is as effective as a 3-drug regimen... to help you reach and

now, as we bring in our floor show traders phil flynn and tom haze can we put that radar backup and i'm you can see , guys it is supposed to hit louisiana sunday , and it will be, according to this radar, a category 3 hurricane. obviously a significant ramp up right there. phil we're seeing oil prices spike, what else are you seeing and how will the markets endure what is about to happen? >> well, you know, we're going to see more shutdowns of production as the oil companies try to get out of the way. crude oil, right now, 58% of the production is down. i would expect that by tomorrow, it could almost be 90% if not totally shutdown in the gulf of mexico. i think when it comes to oil platforms, if you look at the track of the storm, it's going through some of the biggest platforms in the gulf of mexico. they are going right in the storm is right over them, so for shutting them in it's very important. now the good news is that the industry in recent years is a lot better at this. they had a lot of practice and what's really erie about this storm, it's taking the exact same track that hurr

to our floor show traders, new construct ceo david trey nor and phil flynn of the price futures group. guys, thanks for being here. the question is, what's the play right now with all this unearnty? david, to you -- uncertainty? david, to you first. >> i think we're at the end of the super stimulus, right? it's either going to go down or stay about the same, and so that means the market will be stable because, look, no politician on the record wants the to oversee a market meltdown. but it also means that instead of adding new money to positions, investors are having to be more discerning about where they allocate capital which means fundamentals matter again, right? indices kind of hover and slight moves higher, but underneath there's a lot of carnage, and the market's paying up and punishing companies that are faking it. ashley: phil, same question to, you know, it's interesting, i wanted to ask you about oil. we'll get to that in a minute, but look, there's strong consumer demand, we know that, but there's problems with the supply chain. i hear about it every day, it's not going aw

let's get right to our floor show traders, greg branch of veritas financial and phil flynn.this growth track which is pretty, pretty hot, it could be sooner than the end of '22. am i wrong there? >> no, i don't disagree. i think, look, the claims number today showed that the delta variant is not yet proving deleterious to the economy. we'll see if that maintains. but as you said, i think when we're looking at the s&p, i'm much more comfortable with growth in tech right now given that we haven't really seen how the rising inflation, how the input costs, how the supply shortages are going to impact in that quarter. and so i'm not comfortable right now being aggressive on the s&p until we know what that looks like, particularly when we calculate in that the delta variant is affecting our trading partners, our sourcing partners. and they they are mush less progressed on -- much less progressed on the advantage vacn curve than we are. liz: i just want to let our viewers know we need to be up about 20 points on the s&p, we're up 16 at the moment. let me just get to you, phil. give

joining me price futures group senior market analyst, phil flynn, michael lee strategy founder, michaelil, let me kick it off with you. we're watching the oil market after gulf production essentially shut down due to ida. this is the gulf of mexico i'm talking about. as opec plus is likely to keep its output policy unchanged continuing it's planned production increase ahead of their meeting on wednesday. phil, your thoughts on oil right now? >> you know, i think right now we're seeing oil come down because a lot of concern that our refineries might not be able to get up online. i mean, if you look at the market impact, when the market opened last night and gasoline prices, we shot up over 10-cents a gallon, we pulled back, we're up about three or four cents a gallon but crude going down now because these refineries might not get back up very quickly. it's going to take a few days to figure out how bad this is going to be and how it's going to impact us as the pump. right now, the market looks very optimistic because of the track record of these refineries coming back online. i don't kno

keith fitzgerald, phil flynn, it's great to be with you both gentlemen. thanks very much.reak and more of my exclusive interview with jp morgan ceo and chairman, jamie dimon. back in a moment. he lexus goldey sales event. lease the 2021 is 300 for $379 a month for 36 months. experience amazing at your lexus dealer. the sleep number 360 smart bed is on sale now. it's the most comfortable, body-sensing, automatically-responding, energy-building, dually-adjustable, dad-powering, wellness-boosting, foot-warming, temperature-balancing, recovery-assisting, effortlessly life-changing proven quality night sleep we've ever made. save up to $1,000 on select sleep number 360 smart beds and adjustable bases. plus, no interest until january 2024 on all smart beds ends monday. maria: welcome back. good wednesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it. is wednesday, august 4th. take a look at markets this half hour where futures are mixed coming into the adp report, coming out in about 40 of minutes or so. dow industrials down 66 points, s&p 500 lower