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re: Oil prices expected to drop? "Expect $50 oil, but not $2 gas"
Posted on 7/15/13 at 10:49 am to C
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...
1
Posted on 7/15/13 at 10:53 am to C
quote:
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.
Exxon had a big headquarter at Greenspoint mall in houston , easily one of the worst neighborhoods in houston. Im sure it was an ok area when it was built bc there was a very nice hotel next door but the mall was the worst ive ever seen when i went to visit a friend who worked there. They had to move, no way employees liked that area.
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