I saw somewhere that cost on the GTL plant went from 12.5-20 billion. That will make you rethink things also...
quote:They probably was tipped off by their folks south of the border - The Mexican senate just proposed legislation to allow folks other than Pemex (their own oil company - state owned) to explore and develop fields - Exxon and Chevron has already did the foreplay - a barrel of oil could head south pretty quick - Mexico has some potential reserves that are (a gamble) quiet large - this will still keep diesel 75 cents higher than gas per gallon.
Unfortunate news for the SLA area and hopefully not a harbinger of more to come. SIAP.