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Energy the Next Big Boom?

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  • Description

    Robert Thummel of Tortoise Capital Advisors on investing in the energy sector.

  • Duration 4:22
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Investing in north America's energy production boom that's the strategy behind tortoise capital advisors energy independence -- Publicly traded fund investing crude oil and natural gas producers in Canada and the US in its portfolio team mean.

-- -- long joins us now -- -- I'm glad you're here because so many people say.

The next big boom in the US is going to be an energy -- Countries -- thanks for the opportunity to talk to you.

Yes we really believe that a -- we've been watching at at tortoise the energy sector really gained momentum over the last several years.

In particular really over the last couple years we've seen crude oil production in the United States grow by over a million barrels and that's really significant.

So we really think energy independence in the US is is not only viable but it's achievable and it and it's really real real.

Do you worry -- driven by tech.

But you worry about political complications though because there's a lot of you know a lot of backlash from Washington.

Fortunately.

Absolutely and and what you're talking about his regulation in our industry and -- -- the oil and gas industry has been regulated for years.

And the oil and gas industry adheres to energy regulation.

But it also looks at safety and makes safety is top priority and the other thing that it does.

Invests in the people in the communities where the properties of these oil and gas companies are located.

So what that means today in the best example of that today is that these these companies are hiring people they're hiring Americans they're doing it today -- we expect that these.

And we expect these oil and gas companies to hire between one and two million people over the next decade.

At this oil and gas side energy independence being really plays itself out -- not only that but these oil and gas companies also pay income taxes they're going to pay -- and since -- I federal and local income tax for the economy all around let's talk about what in particular in though you are investing in.

You have nine billion dollars in assets and the management seven different fun.

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