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Reply to "Exxon tamps down oil jobs hopes -no plans for refinery.."

Billy Ram Balgobin posted:
skeldon_man posted:
Billy Ram Balgobin posted:

Exxon is telling them to look before they leap.  Oil generates wealth but not in today's market.  Look at the crises in Venezuela and Nigeria.  

Look what's happening in Texas and North Dakota. Lots of rigs idling.

Exxon is yet to determine the cost of production before they start extracting oil from the basin. If it cost less per barrel than what it sells for then we're in business. If not, then the oil will remain down there until it is profitable to extract.

Exxon nah sthupid. Maybe Granger and crew thought so for a while. They wanted an advance so they can each pocket an extra $5 mil.

FM
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