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Industry Focus

Where the Money Is 11.27.2014

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

🗓️ 27 November 2014

⏱️ 23 minutes

🧾️ Download transcript

Summary

Motley Fool Contributor Tyler Crowe interviews Wall Street Journalist Gregory Zuckerman, author of The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everyone. I'm Tyler Crow. Welcome to where the money is. Well, it's

0:05.4

Thanksgiving and I'm sure you're all getting ready to feast with the family and

0:08.9

we at the full we're kind of doing the same. So this week we're going to take a break from our normally scheduled where the money is program,

0:16.0

and we're going to play an interview I did with Gregory Zuckerman, a Wall Street journalist,

0:21.0

and author of The Frackers, the outrageous inside story of the new billionaire

0:26.2

wildcatters, where we'll discuss his book and some of the people in that book that are

0:30.3

shaping the oil and gas industry today. So enjoy and we'll see you next week.

0:36.0

We are here with Greg Zuckerman, Wall Street Journal reporter, and author of The Frackers,

0:41.6

the outrageous inside story of the new billionaire wildcaters.

0:45.3

And Greg, just to kind of get us started off here, you know, really quick, how does a guy who is a Wall

0:50.0

Street journalist who, you know, kind of covers the hedge funds and private equity

0:55.3

just basically say to himself I'm going to go to Texas and Oklahoma and find out

0:59.5

what's going on in this shale revolution or what's been happening in the war in the in the US.

1:04.0

Good question.

1:06.0

So I guess what happened was a few years ago, I looked around and I sort of determined that there's really nothing more important, no business story,

1:17.0

more important and also more interesting than this energy revolution, and it hadn't really been written the story of how it began, who's behind it,

1:27.0

why it happened in America and to some unlikely wildcatters behind it and why wasn't it people like Exxon and Chevron and

1:35.4

the big giant so on the one hand it was a business story and I'm a business

1:41.1

writer and the other hand I just thought it hadn't been written

1:44.6

the story behind a story so I kind of thought it'd be a nice challenge to figure it all out.

1:49.8

Yeah and you know when I when the funny thing is when I look at the title it says the frackers, the, you know, of these billionaire wildcaters, at first they think the casual reader might look at it and say, oh, why do I want to learn about these guys who develop hydraulic fracturing?

2:04.1

But you know, if you kind of take the hydraulic facturing, part of it aside when I read it over

...

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