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re: Just heard that Shell is going to close the Convent Refinery
Posted on 11/5/20 at 11:41 am to notiger1997
Posted on 11/5/20 at 11:41 am to notiger1997
Louisiana HAS to diversify its economy. This is the first major oil related domino to fall but won’t be the last.
Oil contributes to a number of products that are still very vital but those producers will shrink over the next century. We must adapt or we will face the same type of economic crash the “rust belt” states face today
Oil contributes to a number of products that are still very vital but those producers will shrink over the next century. We must adapt or we will face the same type of economic crash the “rust belt” states face today
This post was edited on 11/5/20 at 11:42 am
4
Posted on 11/5/20 at 11:46 am to Tigeralum2008
quote:
This is the first major oil related domino to fall
Phillips 66 idled a couple months ago.
Posted on 11/5/20 at 1:12 pm to Tigeralum2008
quote:
This is the first major oil related domino to fall but won’t be the last.
Not even close unless you’re only looking at the downstream side of oil & gas
Posted on 11/5/20 at 9:34 pm to Tigeralum2008
quote:
Louisiana HAS to diversify its economy
Into what? What can it diversify into that will be supported by the majority of available workers in this state?
Posted on 11/6/20 at 9:07 am to Tigeralum2008
I would offer free land and tax breaks to major tech companies for a 3 year period. Companies that come in that period are the only ones with the breaks. In theory if it takes off more will follow providing jobs, and later an increase in local revenue. With the only loss being state held land and tax revenue they weren't getting anyway.
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