Energy: What’s Been Happening in the Energy World this Past Week
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 11 December 2015
⏱️ 21 minutes
🧾️ Download transcript
Summary
This week’s OPEC meetings ended with shockingly few changes or agreements, Kinder Morgan dramatically cut its dividend, and two of the world’s biggest chemical companies are merging in a way that may or may not set off regulatory alarm bells.
Transcript
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| 0:00.0 | OPEC decides to do away with the production quotas they were ignoring anyway on this energy edition of Industry Focus. |
| 0:07.0 | Greetings fools, I am Sean O'Reilly here at Fool Headquarters in Alexandria, Virginia. |
| 0:18.4 | It is Thursday, December 10th, 2015, and joining me in studio to talk all things energy and industrials is |
| 0:24.4 | Taylor Markerman and Tyler Crow guys the gang's back together yeah about damn |
| 0:28.8 | together in the same place at the same time this three weeks later it felt kind of weird |
| 0:32.3 | just calling in well you called in from Vermont |
| 0:35.0 | I don't know what was up with that. I called in last week. I was like man this is kind of weird. I just feel like I'm on a phone call. |
| 0:40.0 | Could you hear him okay? Like I've never called it was a different experience. |
| 0:44.0 | Because I've had technology. |
| 0:47.0 | Technology, yeah. |
| 0:48.0 | It wasn't Skype so it was probably okay. |
| 0:50.0 | Even Skype works well that's what Ian does. |
| 0:52.0 | Oh here in, oh wow, that's what Ian does. |
| 0:52.6 | Oh, here? |
| 0:53.6 | Oh, wow, I didn't learn something new every day. |
| 0:57.2 | So before we dive into this of the big company specific stories of the week we have got to talk about |
| 1:03.7 | last week's OPEC decision or lack thereof. They basically kept production |
| 1:10.9 | where it was they actually did away with their quota they're not |
| 1:13.7 | cutting the interesting thing that I read was according to the Wall Street Journal the |
| 1:18.4 | group supposedly considered cutting production but decided that a reduction even of 5% wasn't likely to push |
| 1:25.3 | prices higher if non-OPEC producers which make up two-thirds of global production |
| 1:29.8 | join in cutting. |
... |
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