Quote:
Originally Posted by Walks_in_islam
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I keep hearing about how there's little or no refinery expansion in the US.
News flash - I work in an industrial area. The following are building new refineries, all in the town where I work - ONEOK, Enterprise Products, Targa Resources, Exxon-Mobil, LoneStar. There are also a couple others whose names I am not sure of.
This is all in a town with a population of about 5000 people. Down the road there are about 4 or 5 other refineries which are expanding, building new processing units, expanding and upgrading existing ones, etc.
It's like people yammering about the Keystone Pipeline as if it was just on the drawing boards. Down here it's pretty much already completed and installed.
Also, there are numerous other pipeline expansions going on just as involved as Keystone.
Just thought I'd throw that out there.
Also, in regards to which countries are profiting off the oil business, yes it's true that ME countries have made it very favourable for petrochem countries (and others) to relocate or establish themselves there. Sort of like Halliburton moved their HQ to Dubai.
Does anybody think the average citizen in those countries really benfits from
such things?
As for ME oil and manufacturing countries, does anybody really believe the Carlyle Group, for example, has 'lost anything' to 'expanding Arab companies'?
The entire petrochem industry is run by a select few elites from various nations, America, Saudi, England, Holland, China, Russia, etc... and the vast majority of the disposable profits goes to the 'shareholders' of those consortiums, not the peoples of any particular country.
Also, US tax laws have driven overseas relocation of American business, for various reasons.
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