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re: Oil prices expected to drop? "Expect $50 oil, but not $2 gas"
Posted on 7/15/13 at 10:44 am to ThaBigFella
Posted on 7/15/13 at 10:44 am to ThaBigFella
Not speaking for chevron but EMs consolidation to a new campus was about cost savings. They are exiting numerous buildings around Houston, Katy, and Fairfax.
1
Posted on 7/15/13 at 10:49 am to C
It's cheaper to engineer in Houston than anywhere in Europe so that's probably driving some if shells expansion. Also a lot of gulf water developments. A lot of higher development costs are being driven by increased demand from smaller players who can get financing at higher oil costs. If that price goes down, they won't get financing and development costs will drop. Contractors gotta pay the bills for that expensive equipment...
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