Why It's So Hard to Get the Oil Taps Turned Back On
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 20 June 2022
⏱️ 54 minutes
🧾️ Download transcript
Summary
Oil prices are sky high. And there's plenty of oil in the ground in North America. And so far the supply response has been disappointing. Frustration is boiling over among drivers and politicians, and it's made life more complicated for the complicated. So what's the hold up? On this episode, we speak to longtime energy investor and industry participant Peter Tertzakian about the reality on the ground. He explains that there are numerous operational factors constraining oil supply, including degraded quality of equipment and a shortage of labor, not to mention a reluctance among investors to splurge on new production. We discuss the specific constraints, as well as what it will take to get supply going on.
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| 0:00.0 | As of 9-1-20-23, you may earn a 5.5% annualized yield with six-month T-bills of held to maturity. |
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| 0:24.9 | This is a paid endorsement by public.com. |
| 0:27.2 | Fees and conditions apply. |
| 0:28.4 | Treasury accounts at public.com or through Gico Securities Inc. |
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| 0:36.0 | Full disclosures can be found at www.public.com-slash-t-build-podcast. |
| 0:57.2 | Brightest Minds. |
| 0:58.4 | We'll be interviewing guests like Ted Cerandos of Netflix, |
| 1:01.0 | Donald Langley of NBC Universal, |
| 1:02.9 | and Arya Manual of the Super Agent Deton Devar. |
| 1:05.4 | Catch it on October 11th and 12th. |
| 1:07.3 | You can find out more at bloomberglive.com-screentime. |
| 1:22.8 | Hello and welcome to another episode of the Odd Lots Podcast |
| 1:26.8 | that I'm Joe Weisenthong. |
| 1:28.0 | And I'm Tracy Allowa. |
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