Could be for South La refineries, as in Exxon, Marathon, etc.... Some of these plants were looking into some pretty big expansion in the near future and the falling prices of oil will likely have a direct effect on their decisions.

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Posted by joeleblanc

Member since Jan 2012

4114 posts

Posted on 12/17/14 at 7:19 am to TigerSaint1

quote:
Could be for South La refineries, as in Exxon, Marathon, etc.... Some of these plants were looking into some pretty big expansion in the near future and the falling prices of oil will likely have a direct effect on their decisions.

Not. Refineries will always be working as products always need to be produced.

This post was edited on 12/17/14 at 7:24 am

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Posted by NOFOX

New Orleans

Member since Jan 2014

9975 posts

Posted on 12/17/14 at 7:46 am to TigerSaint1

It actually helps refineries because the raw product is cheaper.

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Posted by C

Houston

Member since Dec 2007

27888 posts

Posted on 12/17/14 at 8:34 am to TigerSaint1

quote:
Could be for South La refineries

Maybe some short term margins issues, but this is great news for the refineries. Demand will likely shoot through the roof as costs continue to fall.

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Posted by member12

Bob's Country Bunker

Member since May 2008

32244 posts

Posted on 12/17/14 at 8:46 am to TigerSaint1

quote:

Could be for South La refineries, as in Exxon, Marathon, etc.... Some of these plants were looking into some pretty big expansion in the near future and the falling prices of oil will likely have a direct effect on their decisions.

I honestly wouldn't get used to lower fuel prices. Next year at this time we could be in a completely different situation.

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