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Welcome to Industry Focus, the show that dives into a different sector of the stock market every day.

Today we're talking Energy and Industrials.

It's Thursday the 21st of June.

And we're going to be answering some listener questions.

I'm your host, Sarah Priest Briefly and joining me in the

studio is Motley full Canada premium analyst Taylor Muckerman Taylor welcome to

the show. Glad to be here. You seem really pumped to be. I am. If only they could see it. Yeah I know. If only

they could see how enthusiastic we are this morning. So we have had a flurry of emails with some fantastic oil and gas related questions for us to tackle and as you are the resident expert I thought that you could help us out. So one of the first...

I love questions much more than corrections.

Yeah, yeah me both. So the first question that we had was around problems of getting oil out of the Permium

Basin. So for anybody listening, the Permium Basin is a sedimentary basin in West Texas. Try saying that after fusions. Covering about 250 miles wide and 300

miles long. It's a pretty unique geology structure and it makes it really easy to extract oil and natural gas from so it can operate at

lower prices than other fields so we've seen it continue to operate even in

pretty low like even 26 dollars a, I think that was still pumping.

So after 100 years of production, it's reached record volumes this year, is expected to reach record volumes. but there is a bit of a problem

and that frackers are becoming a victim of their own success so what do you think?

Yeah no this area is just continues to be a wash in oil. You're talking about Midland,

...