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Started By
Message
re: This entire event has made me realize how dumb people are...
Posted on 5/15/11 at 12:35 am to JudgeHolden
Posted on 5/15/11 at 12:35 am to JudgeHolden
Dude what are you getting at? Obama is announced today he is pushing for more drilling. So your angle is a temporary challenge ie the high river? Much better than 2/3 of the country being affected
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Posted on 5/15/11 at 10:12 am to JudgeHolden
quote:
We certainly are not perceived as a business friendly state by outside capital.
quote:
This year's ranking marks a 14-spot jump for Louisiana
quote:
When Gov. Bobby Jindal took office, Louisiana was ranked 48th in the U.S. Louisiana's ranking improved to 46th in 2008, then moved to 44th in 2009 and 41st in 2010, and then jumped to 27th in the latest ranking. Louisiana's 21-spot improvement since early 2008 is the largest improvement of any state in the U.S. during that period of time. Louisiana also was the second most improved state in the U.S. in the last year.
LINK
quote:
Pollina Corporate Real Estate awarded Louisiana its first ever "Most Improved State" designation based on Louisiana's improved business climate ranking from 2008 to 2010. Louisiana ranked 20th on Pollina's 2010 business climate ranking, up from 27th in 2009 and 40th in 2008.
Site Selection magazine ranked Louisiana's business climate the ninth best in the nation, which represented Louisiana's first appearance in the top 10. Louisiana also was the most improved state in Site Selection's ranking of top business climates based on its recent jump to No. 9 in 2010 from No. 25 in 2009.
Business Facilities named Louisiana FastStart the best state workforce training program in the U.S., and ranked Louisiana's business climate eighth best overall in the U.S.
Southern Business & Development magazine named Louisiana "Co-state of the Year" for the second year in a row, citing Louisiana's success in attracting more significant business development wins per capita than any other Southern state.
Site Selection ranked Louisiana third best in its 2011 "Governor's Cup" projects ranking, behind only Texas and Ohio. Additionally, on a per-capita basis, Louisiana's ranking jumped from ninth in 2009 to first in the U.S. for 2010.
This post was edited on 5/15/11 at 10:13 am
Posted on 5/15/11 at 10:24 am to JudgeHolden
quote:
The margins in refining are tight
Posted on 5/15/11 at 11:20 am to JudgeHolden
quote:
All true. But there is a reality we all might want to get our head around. There was a realistic threat the the Mississippi would change course here. So if you were going to build a new billion dollar refinery, would you put it on the Mississippi River?
Too bad no one builds new refineries in the US. It's a declining business - there's too much US capacity and margins are extremely low.
Posted on 5/15/11 at 11:25 am to LSUzealot
Zealot, it's actually true. Integrated Oil companies make 80% or more of their money on the Upstream side. The downstream (refining) side is squeezed by high oil prices and pressure on keeping prices low. Take a look at some financial statements for Oil Companies last year and look at their downstream earnings - some lost money in many quarters in 09 and 10, particularly in the US.
Posted on 5/15/11 at 11:27 am to HurricaneDunc
Some posted record profits 1st quarter 2011.
Maybe they are storing the difference in upstream and downstream dollars in backwater storage.
Maybe they are storing the difference in upstream and downstream dollars in backwater storage.
This post was edited on 5/15/11 at 11:30 am
Posted on 5/15/11 at 11:30 am to Rocketvapor
quote:
Some posted record profits 1st quarter 2011.
I'm talking about downstream only. I'm not aware of any Refining only oil companies that posted record profits. Re-read my post above.
Posted on 5/15/11 at 11:33 am to Golfer
The ignorance of people always shows its head in times like this. Kind of like when Obama got elected. Same thing when the Iraq War started. The dumbasses come out in droves.
Posted on 5/15/11 at 11:37 am to lsuhunt555
I don't go around in doves.
I'm a LONE Dumbass
but I do agree on the low margins downstream and it won't take much to impact the economy in our area because of this event. Money is damned up river.
I'm a LONE Dumbass
but I do agree on the low margins downstream and it won't take much to impact the economy in our area because of this event. Money is damned up river.
Posted on 5/15/11 at 11:49 am to Golfer
quote:
Message
Posted by Golfer
Its almost as bad as a hurricane with the unsubstantiated rumors, media sensationalism, and morons thinking all of EBR is going to be underwater tomorrow.
If one of those 24 loose barges yesterday crashed into a levee baton rouge would probably have a good bit of water. Its crazy stuff like that that worry people, but if it makes you feel cooler to call people morons then go for it.
Posted on 5/15/11 at 11:54 am to T
quote:
If one of those 24 loose barges yesterday crashed into a levee baton rouge would probably have a good bit of water. Its crazy stuff like that that worry people, but if it makes you feel cooler to call people morons then go for it.
And I'm not talking about that. Proper planning is needed for anyone who lives in a flood zone. I'm talking about people who think even with the Morganza open that Sherwood Forest is going to be 12 feet underwater.
Along with the people downstream from the Spillway that are expecting a maximum of 4 feet of water above the normal level for this year thinking their attic 32 feet above ground is going to be the only safe place...
Posted on 5/15/11 at 12:08 pm to the LSUSaint
quote:That's using a rather broad brush to paint the population affected by Katrina.
Because LA is filled with stupid MF'ers who won't leave unless you threaten tehm with death! Even then they don't go! Example: Katrina
The reality was the government in New Orleans warned people several months before Katrina that it did not have the lift capacity or resources to guarantee transportation for everyone if an evacuation became necessary. It urged people to make their own plans for evacuation.
The problem was the population included people such as seniors and hospital patients who were bedridden and incapable of evacuation. And there was a large population living below the poverty line, without cars or money to hire a taxi.
Posted on 5/15/11 at 12:19 pm to bryso
quote:
i am wearing a life vest around the house.
I know I'm late to this thread, but that's damn funny there.
Posted on 5/15/11 at 12:22 pm to HurricaneDunc
dude chemical plants make a mf'ing killing and they are downstream.
Posted on 5/15/11 at 12:53 pm to HurricaneDunc
Dunc is right citgo's margins are super tight. They just have a downstream side
Posted on 5/15/11 at 12:57 pm to Golfer
What I don't get about people is how hard it is for them to understand it's just a flood. Floods happen and without the spillways everyone would be flooded. Everyone just needs to deal with it and move on.
The media cannot just report the news, they have to scare everyone with all the what ifs and find someone to blame. It'a a freaking flood!
The media cannot just report the news, they have to scare everyone with all the what ifs and find someone to blame. It'a a freaking flood!
Posted on 5/15/11 at 2:09 pm to JudgeHolden
I've heard of a few people putting their stuff in storage facilities right down the road from their house. Pretty good chance if you're house floods, the storage place a few miles down the road will probably flood too.
Posted on 5/15/11 at 5:51 pm to LSUzealot
quote:
dude chemical plants make a mf'ing killing and they are downstream.
Lately yes. Low nat gas prices have helped. A few years ago - not so much. Regardless, the US is a mature and somewhat declining market. All new capacity, for the most part, is being built in Asia. Oil companies can't find buyers for refineries.
Eta: chemical business still makes a very small portion of an integrated oil company's profit.
This post was edited on 5/15/11 at 5:53 pm
Posted on 5/15/11 at 6:14 pm to JudgeHolden
People in my area look at the induition map and see 0-5 feet estimated. Naturally everyone is expecting 5 feet and rumors start swirling from there.
Posted on 5/15/11 at 6:29 pm to HurricaneDunc
quote:
Lately yes. Low nat gas prices have helped. A few years ago - not so much. Regardless, the US is a mature and somewhat declining market. All new capacity, for the most part, is being built in Asia. Oil companies can't find buyers for refineries.
about 60% of our companies products get shipped overseas, a lot of it to Asian countries. we are about to go through a major expansion (for a plant our size). In the last 10 years it is hard to find a chemical plant up and down the river that hasn't expanded to increase capacity. but other than that all the points of your statement are right on.
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