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Are right there is no doubt the North American energy boom it's here to stay we're just talking about it.
But will it be enough to turn our economy around -- how she -- -- on this energy revolution because that's what matters right.
Here to tell -- about -- Cabot money management chief investment officer rob lots.
Rob you know it's interesting it's kind of bad for oil companies -- we have more oil.
More supply the price goes down is it.
There's a good and bad part -- -- the real beneficiary of of this for innovation in the real revolution in energy.
Is it impacts and positive in the entire country.
Businesses profit margins should go -- for the economy because your input cost is lower it means that people can go out there more efficient and our productivity our economy grows the power outages are higher growth rates and I think are coming in you we get that yet to say -- the stock market hitting -- -- this is one of the reasons.
-- they are okay -- Ben Bernanke don't tell me.
You better keep it didn't it is a bit of cheap energy that's -- -- tax on consumer that you can't go consume other things if you're paying a high oil prices and no one really benefits.
From the higher oil prices and the oil companies or you know country and I think we haven't seen the low prices yet I think they're still coming.
So how -- take advantage of this as an investor -- can be funny thing.
-- I think there's three areas you wanna look at first is manufacturing.
And industrial companies and transportation companies all of them are gonna benefit greatly from this.
The leading blue chip companies like Boeing.
Like I United Technologies caterpillar they're both -- consumers have a lot of -- -- and their customers are as well so these are really good places to benefit and that's driving the Dow right now because of the companies that are performing.
So what how do you feel about oil companies in general -- saying you know it can be bad for them but -- -- there are those that take advantage of this I mean big show producers -- example.
Where under -- -- any -- generally in my term however there's a company Carl drill quip.
DRQ is assemble this is one of the high technology companies that works on deep watered drilling.
And they're -- to still have to but you know we're not getting off from Boyle was still gonna be oiled.
And it's harder to get oil today than it ever was so these companies are well positioned to grow and we have positions in the and that company what would you stay -- from here.
Well a company like Exxon I think he's got a difficult and difficult this is not the same Exxon that the last ten years there there are a great reallocate or capital and a great management team but I think when you go lower price it just makes it more difficult for all energy companies probably lots -- -- Current are coming up.
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