Energy: Are Oil Majors Shell and BP Correct in Assuming $50 Oil Forever?

Industry Focus

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4.6 • 854 Ratings

🗓️ 3 August 2017

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Years after the downturn started, oil majors relent and believe $50 oil is the new reality. Are they right?

Transcript

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0:00.0	Thanks to Bomfel for supporting the Motley Fool.
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0:09.7	forward slash fool.
0:10.9	That's B-O-M-B-E-L-L dot com slash Fool.
0:17.0	Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.
0:22.0	Today is Thursday, August 3rd, 2017. into a different sector of the stock market every day.
0:22.5	Today is Thursday, August 3rd, 2017,
0:24.8	so we're talking about energy and industrials.
0:27.6	I am her host Sean O'Reilly,
0:28.8	and in studio with me is my podcasting partner in crime,
0:31.6	Mr. Taylor Markerman what's up playa.
0:33.2	Dun da da da what's happening.
0:36.0	Um interesting things in the oil sector is happening.
0:40.2	There's some some bottoms falling out. So, no, I know this is so.
0:44.2	Anyway, we've got a good show for you guys folks.
0:47.2	That's my late night host intro.
0:50.1	We got a good show for you.
0:51.1	We got to keep them around.
0:51.6	You can't let us turn us off right away.
0:53.6	But today for our listeners, we're discussing major changes being made by the world's biggest
	...

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