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re: Plant Baws make near 200k
Posted on 5/2/19 at 10:59 pm to CharlesLSU
Posted on 5/2/19 at 10:59 pm to CharlesLSU
quote:
And when oil prices dip (and they will), job security is gone.
Refining doesn’t miss a beat.
In the US we don’t but gasoline. The crude that we don’t produce ourselves is bought on the open market, then shipped here for refining.
Oil price may slightly effect our margins but no one is losing their job
Posted on 5/3/19 at 3:01 am to ThreauxDown
quote:
Oil price may slightly effect our margins but no one is losing their job
I wouldn’t go that far. Several people lost their job when oil prices tanked in 2015-2016. Especially on the capital investment/project side. Same on the downstream engineering (Jacobs, Bechtel, Wood,CDI,CB&I,etc.) side. Margins had gotten so squeezed there was hiring freezes and cost cutting.
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