We've talked about defaults before but we mean it this time on this energy edition of Industry Focus.

Greetings fools, I am Sean O'Reilly.

Joining here from Fool Headquarters in Alexandria, Virginia.

It is Thursday, November 12, 2015, and joining me to talk about all things energy and

materials is Tyler Crow and Taylor Mukherin. What is the the good word boys? Almost all things.

Almost all things. There's some things we just... We're going to talk about all the things in 20 minutes.

Solve everyone's portfolio issues in 20 minutes.

All from this 20 by 20 room in Alexandria, Virginia.

So first segment that I wanted to touch upon with you guys was,

and David Gardner of course. Yeah he's here too.

Oil still in the 40s. Things are not looking good for 2016. We talked about defaults before but is every company but Exxon and Chevron going to

go under before this is over? That might be pushing it just a little. I like to

speak in hyperbole for comedic effects. That is quite the hyperbole, but I would solve everyone's probably

20 minutes or less.

Cure for low prices, is low prices, baby.

You know, we talked about this was it maybe two months ago January well we've talked about oh yeah we talked about it in November we talked about it in January. We've talked about it in January. We've talked about it in March.

But we mean it this time, darn it.

I think one of the reasons that we haven't seen that reaction of defaults and people getting

in financial trouble is, in all honestly two things one I

think a lot of people expected oil prices to be a little bit more robust than they

are right now I mean if we go back to November

December you hear all these you know wild-catter style CEOs and guys like

...