In the discussion about finding inductance and capacitance in an RLC circuit, participants analyze the energy loss of 1% per oscillation when resistance is present. The natural frequency ωo is calculated using the formula ωo = 2πf, leading to a frequency of 1 kHz. The Quality Factor (Q) is derived from the energy loss, resulting in Q = 100, which is crucial for determining L and C values. Formulas for L and C are discussed, with final values approximated at capacitance around 1μF and inductance near 30 mH. The conversation emphasizes the relationship between resistance, energy dissipation, and circuit behavior.