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

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.

Billy Ram Balgobin
Last edited by Billy Ram Balgobin
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