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Industry Focus

Where the Money Is 11.06.2014

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 6 November 2014

⏱️ 9 minutes

🧾️ Download transcript

Summary

Will the majority turn in Congress affect energy stocks, and how? Energy analyst Taylor Muckerman and energy and materials columnist Tyler Crowe weigh in.

Transcript

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0:00.0

The states run red with Republican Congress people.

0:03.4

Time to buy energy stocks?

0:05.0

This is where the amone is.

0:06.3

Hi folks, it's Thursday, which means we're talking to energy materials. I'm Tyler. This is Taylor as always doing this sort of show and this week we have to talk about the elections because that seems like the obligatory thing that everybody talks about when it comes to election time.

0:25.6

And of course, when we're talking energy, we have to kind of take the regurgitated subjects.

0:29.8

Same things we've been talking all over again.

0:31.5

It's like the Lather its repeat cycle.

0:33.8

And let's start with the one that seems to be the most popular.

0:36.8

It's the Keystone Excel pipeline.

0:38.8

Yeah, well, do you know, the people that are being elected today

0:41.2

were running six years ago when Trans Canada proposed this for the first

0:44.4

time and it's really in the same position that it was other than in the fact that the southern

0:49.3

leg has already been built and up and running the northern Leg was arguably the most important because it was going

0:54.9

to bring the Canadian oil, the heavy crude, the blocking crew down from the north and that just

1:01.6

hasn't happened yet.

1:02.5

It's nowhere near completion or even starting.

1:05.4

President Obama said he might approve it if it wasn't going to increase emissions.

1:09.2

A State Department survey said that it wouldn't.

1:11.8

Do we have it approved yet? Heck no. Yeah and you know it's

1:14.9

funny it's the same old story and it really hasn't changed much. The only thing

1:19.2

that when you're looking at it there's a slight difference right now is that if you look at what's

1:25.5

going on with the crude by rail situation. There's a chart coming up for our

...

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