The Intellectual Investor – Value Investing by Vitaliy Katsenelson
Our investments in oil and natural gas stocks – Ep 205
Nov 2, 2023
The podcast discusses the politicization of the oil and gas industry, financial situations of tobacco and oil companies, the importance of oil and natural gas in modern society, and transitioning to green energy and investing in petrochemical companies.
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Quick takeaways
- Enrollment in petrochemical engineering programs has dropped by 75%, raising concerns about future supply and qualified professionals.
- The demand for petrochemicals is continuing despite climate change concerns, and the transition to greener energy sources will take time.
Deep dives
Declining enrollment in petrochemical engineering programs
The podcast discusses the decrease in enrollment in petrochemical engineering programs due to negative perceptions of the industry. As younger generations view oil and gas companies unfavorably, enrollment in these programs has dropped by 75%. This decline, combined with the retirement of older engineers, raises concerns about future supply and the ability to replace qualified professionals. The podcast suggests that this underinvestment could have long-term implications for the petrochemical industry.
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