<Big Oil, Big BucksThe Oil DrumPutting Peak Oil In Perspective>

16 comments on And oil rigs become more attractive . . . .

Comments can no longer be added to this story.

Davidh on November 1, 2005 - 12:30am Permalink | Subthread | Comments top
I'm just concerned that there won't be enough oil in 2009 (depending on who you believe of course) for that Marathon refinery to refine. In any event, they arn't going to make back that $2 billion investment. Although, with the situation being as it is, they might be doing the smart thing to appease people. And if I may venture into the slippery area of conspiracy... any expansions of refineries may simply get "delayed" "postponed" or in other ways have the costs assoc. with them reduced.
0
Comments can no longer be added to this story.
hydrochristen on November 1, 2005 - 12:50am Permalink | Subthread | Parent | Comments top
Perhaps they'll be making so much money off the products they do refine anyway, that they will indeed make their money back even if it costs them twice as much.  I guess they wouldn't have to utilize that new refining capacity to do it though.
0
Comments can no longer be added to this story.
wkwillis on November 1, 2005 - 5:24am Permalink | Subthread | Parent | Comments top
Upgrades and expansions are what you do to process heavier and sourer crude. There's lots of that around compared to light crude. Remember, it's only the other refineries that process heavy, sour, crude that are competing with you for heavy, sour crude. The teakettle refineries might as well not exist as far as you are concerned.
0
Comments can no longer be added to this story.