First Friday Q&A on Oil & Gas This Week – OGTW132
Oil and Gas This Week
Mark LaCour & Paige Wilson
4.6 • 582 Ratings
🗓️ 13 December 2017
⏱️ 26 minutes
🧾️ Download transcript
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| 0:00.0 | You're listening to the Oil and Gas This Week podcast with Mark LeCour and Jake Corley. |
| 0:12.4 | This is the show for busy oil pros who quickly want to keep their finger on the pulse of the industry. |
| 0:19.1 | Welcome back to another episode of Oil and gas this week. You're listening to episode |
| 0:22.4 | 132. Hey Jake, it's our first Friday Q&A. It is. You know what that means, guys? Yep, |
| 0:29.0 | and we got it pretty close to Friday other than two weeks after like we've done in the past. |
| 0:35.4 | So you guys know the drill and you guys writing questions and we hopefully answer them. Yeah, and before we get into that, Jake, real quick, if you want to support the show, do us a favor, leave us a review. It's the easiest best way to support the show. We don't ask for money. We don't ask for you to come help us load stuff in the back of the car. Just leave us a review on iTunes. Simple, easy, quick. Please do it. |
| 0:54.8 | Now let's get some questions. Cool. First question is from Anonymous. They are a chemical engineer at a large independent refiner. They write, hey guys, love the show. I'm a chemical engineer. I work for one of the independent refiners. I absolutely love my job, my company, and the industry as a whole. However, I'm at the start of my career. I graduated in 2014 and worry about the long-term outlook for refining in the U.S. |
| 1:16.9 | I have 35 to 40 more years of work and I'm worried about building a career in an industry that |
| 1:21.6 | may be struggling in the next 10, 20, 30 years. The discussion on oil and gas outlook seems |
| 1:26.4 | optimistic, but when looking at natural |
| 1:28.0 | gas demand and petrochemical feedstocks, but where does refining fit into the future? All of the |
| 1:34.1 | majors seem to be divesting their refining assets, and 0.2 natural gas and LNG is the fuel of the future. |
| 1:39.7 | Even if there are still strong demand for jet fuel and diesel in the future, around 50% of the |
| 1:44.6 | refinery output is gasoline. If this demand drops substantially, won't that trigger a significant |
| 1:49.5 | number of refinery closures? Should I leave refining and try to move to petrochemicals, midstream, |
| 1:54.7 | or natural gas processing? Man, what a great question. I mean, this is really a good question. |
| 2:00.1 | So let me answer there to two different ways. |
| 2:02.5 | Number one, if you have an interest in petrochemicals, I would start looking at that, but your |
| 2:07.3 | job's not going to go away in your lifetime. |
| 2:09.7 | So what's going on is you're starting to see the faster adoption of electrical |
| 2:14.5 | automobiles. |
| 2:16.0 | Electricity and automobiles makes a lot of sense in a certain piece of the market, right? |
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