MarketFoolery: 06.23.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 23 June 2011
⏱️ 12 minutes
🧾️ Download transcript
Summary
Oil stocks tumble. Citigroup and Google double down on wind power. And the Winklevoss twins drop their lawsuit against Facebook.
Transcript
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| 0:00.0 | It's Thursday, June 23rd, and this is Market Fullery. |
| 0:05.0 | I'm Chris Hill and joining me in studio today from Motley Fool Asset Management, Bill Barker, |
| 0:10.0 | also from Motley Fool Asset Management, Bill Mann, and for Motley Fool Inside Value, Joe Meager. |
| 0:15.1 | Or as we call them today, Bill Meager. |
| 0:17.8 | Good to see you guys. |
| 0:18.7 | Howdy. |
| 0:19.7 | We have got the latest from the Fed Chief |
| 0:21.6 | and the Winkle Voss Twins, but we will begin with |
| 0:24.9 | energy and specifically oil. The price of oil fell today after the |
| 0:29.0 | International Energy Agency said it will release 60 million barrels of oil into the world markets in the next |
| 0:35.6 | month to make up for lost production in Libya. |
| 0:39.1 | Joe Maker, I will pick on you first. |
| 0:41.0 | Shares of ExxonMobil, BP, Chevron, Chevron all down today what do you make of |
| 0:45.1 | this well that's pretty normal I mean they certainly flow with oil prices and oil |
| 0:49.6 | is off predictably when you got a lot of supply coming online? |
| 0:53.0 | I'm not wild about this solution, and it's certainly a short-term patch. |
| 0:57.0 | It would have been nice if the federal government is very concerned about oil production |
| 1:02.0 | if we hadn't totally log jam production in the is very |
| 1:04.4 | concerned about oil production if we hadn't totally log jam production in the Gulf of Mexico. |
| 1:06.0 | Thank you. |
| 1:08.0 | Thank you. |
| 1:09.0 | Round to the plus, man. |
... |
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