TIP 044 : Oil 101 - w/ Morgan Downey (Investing Podcast)
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 19 July 2015
⏱️ 79 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We study billionaires and this is episode 44 of the Investors Podcast |
| 0:06.0 | Broadcasting from Bel Air, Maryland. This is the Investors Podcast |
| 0:13.0 | They'll read the books and summarize the lessons. Don't test the waters. Tell you what it's called |
| 0:19.0 | They'll give you actionable investing strategies. Your host Preston Pish and Sting Broderson |
| 0:25.0 | Hey, how's everybody doing out there? This is Preston Pish and I'm your host for the Investors Podcast |
| 0:34.0 | And as usual, I'm going to accompany by my co-host Sting Broderson, out in Denmark. |
| 0:38.0 | And this is an episode I've been really waiting to do because ever since October, the oil industry has been acting a little funky. |
| 0:45.0 | And I remember Sting and I distinctly talking about this on one of our earliest podcasts where we were talking about the oil industry and how |
| 0:53.0 | I had read some article about the supply and demand on oil being all out of whack. And so I got a little scared and a little spooked |
| 1:02.0 | And I sold out of most of my oil positions back in October and into November and it ended up being a very good choice |
| 1:11.0 | I'd like to say it was it was all skill but it really wasn't there's obviously a lot of luck that was involved in my decision to move out of the lot of those picks. |
| 1:17.0 | But ever since that point in time, I've wanted to learn more and more about oil and Sting and I obviously have a lot of contrasting points of view on oil |
| 1:28.0 | And we talk about that on our show from time to time. |
| 1:31.0 | Last week when we had our mastermind group, we were talking about some of our opposing positions. |
| 1:36.0 | So what we did is we went out and we found the best author on all of Amazon who wrote a book and the book in the name of the book is oil 101 |
| 1:44.0 | and his name is Morgan Downey. His book oil 101 explains the nuts and bolts of the oil business from its composition on the molecular level to the analysis of the market players from refining economics to trading. |
| 1:56.0 | I mean, it just goes on and on and I mean this book is so comprehensive. And the thing that I like about it most Morgan is the fact that it's written in simple and plain English for anybody to understand which is a true accomplishment in any type of economics book. |
| 2:10.0 | So we are so thrilled to have you on the show. |
| 2:11.0 | Thanks guys and I'm excited here to be on also and big fans. |
| 2:16.0 | Well, so this is going to be a lot of fun. And before we get into the questions which Sting and I are obviously going to be probably prepping so that they're in our favor. |
| 2:25.0 | So we can win our argument our ongoing argument between the two of us. |
| 2:30.0 | But we want to learn a little bit more about you. I mean this book is so comprehensive. I know whenever I arrived at my house and I was flipping through it, I was like, this is unbelievable. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.