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

Today is Thursday, May 19th, so we're talking about energy and industrials.

I'm joined by Motley Fool analyst Taylor Markerman and we're going to be joined by Motley Fool analyst Taylor Markerman and

we're going to be talking about a possible royal Dutch shell spinoff and scores of

energy bankruptcies but first Taylor why are Canadian wildfires actually affecting oil production?

Well, there's a lot of oil production in Canada, shockingly enough.

Yeah, these fires closing in on over 700,000 acres of destruction.

A lot of homes destroyed, businesses destroyed, families displaced.

Originally, you didn't see much oil disruption, but this has been going on since the beginning of the month and now it's they're looking at 1.2 million barrels of day of production taken offline.

Wow.

Which is...

That's a lot.

That's a lot.

So the U.S. consumes 15 or 16.

So I mean...

That's basically the overhang that the world was seeing taken offline just like that.

So when you see these oil prices climbing as they have been the last couple weeks, might not

necessarily be an honest representation of what's going on in the market.

Right.

Because you've got not only these wildfires knocking 1.2 million barrels a day of Canadian oil offline,

but Nigeria's got about a half a million barrels a day of disruption right now.

Venezuela's losing production.

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