Energy Week #16: Abqaiq Processing Facility Attacks and their consequences

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 19 September 2019

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode focuses entirely on #Abqaiq attacks and their knock-on consequences and effects. Anas Alhajji is boots-on-the-ground, reporting from Riyadh Saudi Arabia and Joe McMonigle joins us from Washington, DC. Link: http://bit.ly/2lWlqmm

Transcript

Click on a timestamp to play from that location

0:00.0	This is a special edition of Macrovoises with hedge fund manager Eric Townsend.
0:14.2	The premier financial podcast targeting professional finance, high net worth individuals, family
0:19.8	offices, and other sophisticated investors.
0:23.0	Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.
0:30.4	Macrovoises Energy Week Episode number 16 was recorded on September 18th, 2019.
0:36.4	I'm Eric Townsend.
0:37.8	Talk about a week in energy markets.
0:40.9	Saudi Arabia's a gag processing facility has long been understood by energy security experts
0:47.3	to be a major vulnerability in the global energy market.
0:51.4	And it was attacked this past weekend with devastating results.
0:56.0	The resulting price shock was the biggest in oil market history, with Brent Crude Oil
1:01.4	futures rocketing up 20% on Sunday evening's gap up open.
1:07.5	Most of today's episode will focus on what happened, what comes next, and what investors
1:13.2	should be paying attention to.
1:15.0	I'll be joined this week by author and consultant Anas Alhaji and Hedgai Energy Markets Chief
1:21.0	Joe McMonigal.
1:22.6	Not Hemsworth was scheduled to join us today, but unfortunately she was unable to do so
1:27.1	due to travel obligations.
1:29.4	But before I introduce today's panel, let's start with this week's EIA Energy Data.
1:34.9	Crude Oil building 1.1 million barrels, pushing Oklahoma though still drawing down 647,000
1:43.0	barrels, as those new pipelines continue to challenge Cushing's spare storage capacity,
1:49.0	and pipelining more of that oil away from Cushing down to the Gulf Coast where it's being
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Hedge Fund Manager Erik Townsend, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Hedge Fund Manager Erik Townsend and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.