The Investor Visit
Energyphile6 Mar 2020

The Investor Visit

A 1915 photograph of individuals visiting a drilling rig gets energy economist Peter Tertzakian wondering who they are and what brought them there. The result is this story of Graeme, a savvy investor visiting his oil investment, a rig that he quickly discerns is on its way to obsolescence. Impervious to the gushing promises of a fast-talking broker and slick oil company CEO, Graeme imparts investment wisdom and business lessons that still stand the test of time.

To see the photograph and other art for the story, visit energyphile.org/investorvisit.

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Episoder(11)

Reinventing the Wheel

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In an era of transition, companies must change. People must change. McLaughlin was a rare breed of company: one that faced radical disruption in its industry and, instead of denying it, embraced it — ...

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Hubris Defined

Hubris Defined

This is a cautionary tale about arrogance in the energy business. When a 1914 dictionary dropped coal from its definition of “fuel,” the Standard Oil Bulletin gloated that coal was an “also-ran.” But ...

6 Mar 20208min

The Great Aha

The Great Aha

In 1914, Ed Tucker, a once-staunch stagecoach driver, sees the light and buys a Ford Model T, never to look back. This story shows how swift adoption of a revolutionary new innovation happens when the...

6 Mar 202014min

Rocket Man

Rocket Man

Thomas Edison, Henry Ford, Steve Jobs, Elon Musk. All titans of innovation. But also masters of showcasing their innovations. You may not have heard of Max Valier, but he too is an example of the brav...

5 Mar 202011min

When Stoke Stokes

When Stoke Stokes

In 1947 England, George sends his daughter a postcard featuring smoke-belching factories. “It isn’t quite as bad as this,” he assured her. Why was such an image glorified? Who on earth would put it on...

5 Mar 202014min

Stairway to Hell

Stairway to Hell

This story is about corporate failure in the extreme. A cautionary tale of a once-bustling coal mining hub turned ghost town, Stairway to Hell examines the perils of relying on hope as a strategy in t...

5 Mar 202022min

Nobody Tips a Scandiscope

Nobody Tips a Scandiscope

On a chilly January morning in 1857, 7-year-old Henry Haworth contemplates the chimneys he must clean that day. As he meets his fate in one of them, energy economist Peter Tertzakian examines the hist...

5 Mar 202022min

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