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re: Is Lake Charles really booming right now?
Posted on 2/14/15 at 11:41 am to TigerGman
Posted on 2/14/15 at 11:41 am to TigerGman
quote:
I thought Sasol put that on hold due to plunge in oil prices?
one part of that sum is already going forward and is happening no matter what. the other (massive) project is still a go but just isn't 100% now
that other project isn't support to start for like 5 years or something, regardless.
lake charles isn't lafayette. we refine petro so the lower prices may actually lead to an increase in demand here. now the super huge project is going to be dependent on natural gas prices, but that's years down the road
Posted on 2/14/15 at 11:43 am to SlowFlowPro
If you're an able-bodied male, and you complain about not being able to find a job in LC right now or in the next several years, you're just FoS.
Posted on 2/14/15 at 12:06 pm to SlowFlowPro
Sasol delayed the FID on the GTL plant because of low oil prices. Construction on the ethane cracker is advancing.
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