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What would the impact be if Exxon shut down refineries in the US?
Posted on 1/27/21 at 11:07 am
Posted on 1/27/21 at 11:07 am
The company is trying to reduce its workforce worldwide, but hasn't made any specific announcements about operations in Louisiana. Houston seems to be taking the bulk of the hit.
Currently, Exxon is Louisiana's largest manufacturing employer by a wide margin. The Baton Rouge refinery employs 1900 people by itself, not including the many contractors and ancillary workers that help keep the 112 year old refinery in operation. Up to 1 of every 8 jobs in Baton Rouge is related to the refinery.
Would Louisiana recover from a major economic hit like that?
Currently, Exxon is Louisiana's largest manufacturing employer by a wide margin. The Baton Rouge refinery employs 1900 people by itself, not including the many contractors and ancillary workers that help keep the 112 year old refinery in operation. Up to 1 of every 8 jobs in Baton Rouge is related to the refinery.
Would Louisiana recover from a major economic hit like that?
18
Posted on 1/27/21 at 11:08 am to goofball
Louisiana would "recover". Not sure about BR.
Posted on 1/27/21 at 11:09 am to goofball
quote:
Would Louisiana recover from a major economic hit like that?
Just give them a government job
Posted on 1/27/21 at 11:09 am to goofball
We’d be the ones going over the wall
Posted on 1/27/21 at 11:11 am to goofball
With all those $15/hr minimum wage jobs to fall back on? Everything would be fine.
Posted on 1/27/21 at 11:14 am to goofball
Exxon in BR just applied for tax exemptions to update the plant here over the next 10 years. i think we are ok for the foreseeable future at least
Posted on 1/27/21 at 11:35 am to goofball
Lol Exxon isn’t going to shutdown it’s refineries in the US
Posted on 1/27/21 at 11:39 am to goofball
Baton Rouge and the surrounding area would collapse like a house of cards in a gale.
Posted on 1/27/21 at 11:46 am to goofball
The writing on the wall in regard to petroleum has been there for years. Thats why the Middle Eastern countries have been trying to diversify as quickly as possible. Despite the looming switch to clean energy, Texas seems to have successfully diversified its economy. I’m not so sure about Louisiana.
Posted on 1/27/21 at 11:50 am to goofball
The Advocate should sponsor an economic simulation of Exxon closing the refinery in BR.
Together BR could simulate a replacement industry of beads, hemp products, and neighborhood gardens.
Together BR could simulate a replacement industry of beads, hemp products, and neighborhood gardens.
Posted on 1/27/21 at 11:53 am to goofball
They will just learn to code and move on with life.
Posted on 1/27/21 at 11:54 am to goofball
quote:
What would the impact be if Exxon shut down refineries in the US?
You mean a Xiden campaign promise?
Posted on 1/27/21 at 12:05 pm to goofball
Refiners have been trending towards large sites for a while.
BR and their big Texas refinery won't close.
Smaller sites.... perhaps.
But, 500k barrel / day facilities would be the last to go.
BR and their big Texas refinery won't close.
Smaller sites.... perhaps.
But, 500k barrel / day facilities would be the last to go.
Posted on 1/27/21 at 12:12 pm to goofball
Exxon pays the most taxes in the state. Also consider that for every 1 job at Exxon there are 3 jobs created in the community. Yes the consequences would be huge.
This post was edited on 1/27/21 at 12:13 pm
Posted on 1/27/21 at 12:21 pm to goofball
Prime real estate opening up on the MS river in Baton Rouge, as long as you don’t plant a garden on your property.
Posted on 1/27/21 at 12:28 pm to goofball
If I owned Exxon stock, I would sue the other stockholders for trying to force them into making changes that will result in less profits long-term. If you want to be an activist, go by wind energy stock or some other bullshite.
Posted on 1/27/21 at 12:30 pm to goofball
Baton Rouge would be worse than Jackson Miss. overnight.
Posted on 1/27/21 at 2:48 pm to goofball
quote:
Would Louisiana recover from a major economic hit like that?
Louisiana hasn’t recovered from the oil bust in the 70’s. Hell, Louisiana hasn’t recovered financially relative to other states since Reconstruction.
Louisiana is done. It’s over.
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