Industry Focus - Energy: 01.08.2015

Industry Focus

The Motley Fool

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4.6 • 854 Ratings

🗓️ 8 January 2015

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

The guys talk the biggest headlines in energy this week, focusing on the price of oil.

Transcript

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0:00.0	Yo Mama so fat when she wears high heels, she strikes oil.
0:03.4	Here on industry focus. Hey everybody I'm I'm Mark Greeth here at Taylor Mucken.
0:14.0	I swear we're professionals by the way.
0:16.0	Yeah, I'm starting to question that.
0:18.0	With a beard like this, it screams professionalism.
0:20.0	It's a podcast.
0:21.0	What's having fun?
0:22.0	Hey, why not?
0:23.0	Taylor Mukerman here.
0:24.0	Today is Thursday, so we are of course talking about the energy sector.
0:27.0	Honestly, Taylor, it seems like everyone is talking about the energy sector.
0:30.0	They should be.
0:31.0	Yeah, there's a lot going on.
0:32.0	We got a lot to cover. Let's start with the big headline, and that's got to be the price of oil these days.
0:37.0	We actually saw a headline that said, no reason oil will stop at $50. And when we were talking about this before the show,
0:44.4	you more or less said, duh.
0:46.4	There's no reason it will stop at $50.
0:48.1	So why?
0:49.4	Why is $50 not a strong enough, maybe psychological number to keep it at that price.
0:55.0	Well, I mean, it's done this before just a few years ago.
0:57.6	Late 2008, early 2009, oil dropped from well above where it was earlier this year in the June July range where
1:05.2	did hit its 2014 peak.
	...

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