Industry Focus - Energy: 12.18.2014
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 18 December 2014
⏱️ 10 minutes
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Summary
What do the energy stocks do the guys want for Christmas? Stay tuned for this energy edition of Industry Focus.
Transcript
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| 0:00.0 | Want to know what we want for Christmas? You got to stay tuned to find out. |
| 0:03.5 | This is the Energy Edition of Industry Public. |
| 0:05.5 | Hey everyone, it's Thursday. We're on Energy Industry Focus with energy |
| 0:16.7 | obviously when we do this on Thursdays. It's Taylor. I'm Tyler and we're |
| 0:20.3 | going to get straight into it. First let's start oil prices what have they done |
| 0:23.6 | hey they're around 50 60 whatever it doesn't matter they're moving I mean as far as anything |
| 0:29.6 | has happened tangibly lately now nothing's happened few news stories here a few new stories |
| 0:34.6 | there nobody really cares I mean stuff has gone through the roof you watch a few |
| 0:38.6 | oil stocks that have just absolutely skyrocketed in the past couple days but in terms of actually anything tangible, we're still kind of waiting and seeing what really happens. |
| 0:47.0 | Yeah, it's not settled yet. Companies are going to spike and they're going to fall the next few months without any real reason why other than oil prices and traders just kind of moving the market a little bit. |
| 0:58.0 | Yeah, so I guess even though there's really no stories going on I guess the story of cheap oil has kind of brought along a few I guess you could say political things |
| 1:08.5 | Yeah, happen in the past couple days here a couple gateways and we thought we talked today. The first one being that in the state of New York, they have banned hydraulic fracturing, a governor decision by Governor Andrew Cuomo. |
| 1:22.0 | And at the same time, President Obama has put a ban on |
| 1:25.0 | drilling in the Bristol Bay in Alaska. Both of these things happening recently. |
| 1:30.0 | One of the Bristol Bay they haven actually, there's been a de facto ban for several, several years now. |
| 1:36.8 | They've been trying to protect sockeye salmon fisheries up in the area and New York has been very highly contentious for the past few years in terms |
| 1:44.8 | of trying to get hydraulic fracturing because of the Marcellus shale but there's been a lot of |
| 1:50.4 | local resistance to it. |
| 1:53.3 | In terms of the grand scheme of things, |
| 1:54.8 | do you see really anything changing because of this at all? |
| 1:58.6 | No, I just look at this as far as cheap oil. |
| 2:01.0 | And now we're saying we have too much oil being produced so |
... |
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