Energy: What Investors Can Learn From the Lifecycle of a Barrel of Oil
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 26 May 2016
⏱️ 18 minutes
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Summary
It’s found in the ground and winds up in your gas tank – but who makes money making this process happen?
Transcript
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| 0:00.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:07.0 | Today is Thursday, May 26, 2016, so we're talking about energy, materials, and industrials. |
| 0:13.8 | I'm joined by Motley Fool analyst Taylor Muckerman, |
| 0:16.3 | and in following through on this week's life cycle theme, |
| 0:19.6 | we're going to be talking about the lifetime journey |
| 0:21.5 | of a barrel of light sweet crude oil. |
| 0:23.7 | So how's it going Mr Markerman? |
| 0:25.3 | It's going well. |
| 0:26.6 | Swimmingly. |
| 0:27.6 | Swimmingly. |
| 0:28.6 | Swimmingly. |
| 0:29.6 | Swimmingly. |
| 0:30.8 | So I guess since this is Life Cycle Week and we're talking about the journey that a barrel of oil goes on from being in the ground to we probably won't get all the way to the gas tank but no that a, that's for another day. |
| 0:42.5 | Another day. |
| 0:43.5 | But should we start in the beginning |
| 0:45.2 | with like a dinosaur dying or something, 300 million years ago? |
| 0:48.5 | If you want to walk us through the biology |
| 0:50.5 | and the chemistry side of how it became oil sure. I think I took my last |
| 0:55.0 | chemistry class about six, you know that would have been in high school. I don't know |
| 0:59.8 | 14 years ago, something. Anyway, we obviously won't get too much into the chemistry or anything like that, but okay, so let's just pretend, |
| 1:09.8 | let's talk about exploration first, because there's oil on the ground, it's there, we don't know how deep it is. |
| 1:16.6 | How do companies go about finding it? |
... |
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