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Started By
Message
3
Posted on 11/5/20 at 11:12 am to notiger1997
Who has that cash right now?
Posted on 11/5/20 at 11:12 am to Teufelhunden
quote:
Thanks Biden!
Trump is still president. They've been mulling the closure for a while now.
Posted on 11/5/20 at 11:13 am to fallguy_1978
quote:
oil prices
Refinery generally benefits from low Crude prices.
Posted on 11/5/20 at 11:13 am to fallguy_1978
They (Shell) have been In the process of moving away from refining and focusing on chem. I think for a combination of reasons.
This post was edited on 11/5/20 at 11:16 am
Posted on 11/5/20 at 11:15 am to CP3
That’s true. They seem to want to sell almost all the stand alone refineries they have around the world.
Posted on 11/5/20 at 11:15 am to notiger1997
That’s just horrible.....
Posted on 11/5/20 at 11:15 am to Master Guilbeau
(no message)
This post was edited on 11/5/20 at 11:24 am
Posted on 11/5/20 at 11:19 am to Hamma1122
I mean, he won. Game over. Not a coincidence they decide to pull the plug today. When you make comments during a debate that you want to move away from oil and gas, investors tend to not like that.
Posted on 11/5/20 at 11:22 am to notiger1997
Moar time for travel ball
Posted on 11/5/20 at 11:23 am to notiger1997
Energy demand is lowered as we become more energy efficient. The model that companies like Shell are going to is integrated chemical/refining facilities. Demand for petrochemical products is growing. Stand-alone refineries isn’t where you want to be investing.
Posted on 11/5/20 at 11:25 am to Master Guilbeau
I wouldn’t go as far as saying Biden is the direct cause for this, and I am definitely nowhere close to being a Biden supporter.
They have been trying to sell it for a while and already were considering shut down. The decision may have been expedited by election given the grim future of O&G under Biden, but I doubt it had as much impact as you are implying.
They have been trying to sell it for a while and already were considering shut down. The decision may have been expedited by election given the grim future of O&G under Biden, but I doubt it had as much impact as you are implying.
Posted on 11/5/20 at 11:30 am to Tigers13
I can agree with this.
Posted on 11/5/20 at 11:34 am to Master Guilbeau
Biden had little if any to do with this decision
Posted on 11/5/20 at 11:35 am to notiger1997
Hearing the same thing. First of many I am afraid
Posted on 11/5/20 at 11:36 am to notiger1997
About to be some F250s for sale.....
Posted on 11/5/20 at 11:37 am to Ed Osteen
Biden is too frickin brain dead to make any decisions
Posted on 11/5/20 at 11:41 am to notiger1997
Louisiana HAS to diversify its economy. This is the first major oil related domino to fall but won’t be the last.
Oil contributes to a number of products that are still very vital but those producers will shrink over the next century. We must adapt or we will face the same type of economic crash the “rust belt” states face today
Oil contributes to a number of products that are still very vital but those producers will shrink over the next century. We must adapt or we will face the same type of economic crash the “rust belt” states face today
This post was edited on 11/5/20 at 11:42 am
Posted on 11/5/20 at 11:43 am to notiger1997
I'm sick to my stomach. I know a LOT of people that work there. frick!
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