Energy: Why Did Shell Throw in the Towel on the Canadian Oil Sands?
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 30 October 2015
⏱️ 13 minutes
🧾️ Download transcript
Summary
Oil sands are becoming more common in the energy sector, and with the amount of work it takes to clean these sands, it's no wonder the cost is so high. Shell not only dropped out of the Arctic after building up all the hype, but now they're letting go of oil sands projects, citing the company's business structure as the problem.
All the while, a "cash crunch" is enveloping the Fab Four in the oil and gas sector, but although these numbers are huge to a layperson, their cash reserves seem to be singing a different tune.
Transcript
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| 0:00.0 | Shell throws the towel in on the oil sands on this energy addition of |
| 0:04.3 | industry focus. |
| 0:07.0 | Greetings fools, I am Sean O'Reilly here at Fool Headquarters in Alexandria, Virginia. |
| 0:15.0 | It is Wednesday, October 28, 2015 and joining me is the Motley Fool's own Taylor Muckerman. |
| 0:20.0 | How's it going, man? |
| 0:21.0 | It's good. |
| 0:22.0 | Well, good to have you back after your your venture down south. |
| 0:25.0 | Trip to Houston, Texas. Yeah. We uh... |
| 0:28.0 | Other sectors. Where are your interviews at? Yeah, are you guys going to California? |
| 0:32.0 | I came back with my 10 gallon cowboy hat, |
| 0:34.4 | so I'm rocking out, I got the boots, and every, I'm kidding. |
| 0:38.5 | No, well actually, Tyler Crow's actually still there. |
| 0:40.9 | He's looking to get in with National Oil Barco the company |
| 0:45.2 | you know well and we'll actually do a Houston theme show next week he's still |
| 0:50.2 | squeezing that interview in but good times were had yeah that they actually |
| 0:53.8 | just said today that they're ready to start buying some companies up that was I |
| 0:57.7 | can't wait to talk about this more but I got that vibe a great deal from the CEO of D now which was recently spun off a year |
| 1:05.9 | a half ago from National Oil Well and he's like he he wants to lever up and do |
| 1:10.2 | some fines so this is gonna get anyway. So first story that I'm |
| 1:14.1 | anxious to get your thoughts on now that we're getting back into the swing of |
| 1:16.5 | things here is a shell's thrown in on the oil sands it's a project they've |
| 1:20.3 | had in the Canadian oil sands and it's going to cost them $2 billion to just |
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