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re: Is Lake Charles really booming right now?

Posted on 2/14/15 at 11:41 am to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423397 posts
Posted on 2/14/15 at 11:41 am to
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 by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167510 posts
Posted on 2/14/15 at 11:43 am to
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 by mattz1122
Member since Oct 2007
52880 posts
Posted on 2/14/15 at 12:06 pm to
Sasol delayed the FID on the GTL plant because of low oil prices. Construction on the ethane cracker is advancing.
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