S2E42 - Grant Norwood - Demystifying the oil industry

Grant Norwood Demystifying the oil industry. Is oil a wise long-term investment? In this episode, we talk about the ins and outs of the oil industry including the costs around the globe, how it competes with green energy, and where it will be 5 to 10 years down the road. Please welcome Grant Norwood. Key Timecodes (00:48) - Grant Norwood's background history (01:56) - Oil and gas industry  business model (05:43) - New oil pumps and the big companies' strategy (06:03) -  Oil cost and types (09:07) - Salaries of the engineers and crew running that business? (10:46) - The oil types and classifications (14:53) - Comparing the USA and Saudi Arabia's oil technical characteristics (16:35) - What it  means when the oil price goes negative (24:29) - What is horizontal drilling? (26:43) - How deep can you drill? (32:11) - How investors can get involved. (36:06) - Some numbers and revenue expectations (36:42) - What is the minimum investment amount to get in that business model? (37:40) - What are the average annual returns? (42:39) - What is the biggest risk for the investors? (45:40) - Where does he see the oil price going in the next years (49:18) - The best business or investment advice he ever received (51:52) - Guest contacts