Exxon to Invest $20 Billion on U.S. Gulf Refining Projects
HOUSTON – Exxon Mobil Corp (
XOM), the world's largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand chemical and refining plants on the U.S. Gulf Coast.
http://www.foxbusiness.com/features/2017...jects.html
Hopefully, with de-regulation, it will be easier for oil companies to be able to not only build new refineries, but also update existing ones.
Energy independence. Another piece of making America Great Again!
It's refreshing to see a President who actually puts America first. God knows that's been sorely lacking for the better part of the past decade.
Quote:Energy independence. Another piece of making America Great Again!
It's refreshing to see a President who actually puts America first. God knows that's been sorely lacking for the better part of the past decade.
Oil is a global commodity. Exxon is a multinational corporation.
Quote:Oil is a global commodity. Exxon is a multinational corporation.
But the investment is in the US, correct?
Quote:But the investment is in the US, correct?
No it's an investment in Exxon.
Quote:No it's an investment in Exxon.
Exxon investing 10B in the US is an investment in Exxon? I don't follow...
Quote:Exxon investing 10B in the US is an investment in Exxon? I don't follow...
Good, it just leads to a brick wall.
Quote:That's because you're not a 'scientist.'
It's because Dakota is a lap dog.
Quote:
The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs,
Reaganomics at work, Trickle down to the local economies with all those jobs created. Plus the cost of the materials needed. It will create jobs on a large scale, Steel, Bricks, Copper, Yeah, it's an investment in the good ol' USA